ZKX is a decentralized exchange that makes perpetual futures trading social via PVP battles, copy trade pools and gamified competitions. The protocol leverages an appchain to deliver high scalability and high-speed APIs, combining centralized exchange efficiency with DeFi self-custody. ZKX launched its native $ZKX token on KuCoin, Gate.io and Bitget and introduced staking and an airdrop to reward users and early adopters. The token has a total supply of 100 million with 33% unlocked at launch; staking lets users earn a share of platform revenue and supports governance. The team plans to expand cross-chain interoperability and broaden presence across multiple L1 and L2 ecosystems in 2024. ZKX has raised $7.6M to date from a mix of strategic and earlier investors to accelerate protocol growth and feature rollout. ZKX builds an open-source, permissionless derivatives trading protocol on StarkNet (StarkWare’s L2) that leverages ZK rollups. The protocol aims to address DeFi challenges such as over-reliance on oracles, difficulty bootstrapping liquidity for new derivatives, and centralized listing mechanisms. ZKX plans to launch its mainnet in Q4, followed by its first product: an exchange enabling crypto derivatives trading on StarkNet with built-in rewards, liquidity provisioning, and support for complex trading strategies. The company raised $4.5M in seed funding to support further development of its core offerings, DAO funding, and continued growth of the ZKX ecosystem. ZKX was founded in 2021 and is headquartered in Dubai, United Arab Emirates. Founders named in the articles are Eduard Jubany Tur, Naman Sehgal, and Vitaly Yakovlev.

Total raised

$12M

Funding rounds

2

Latest round

Equity

Latest activity

Jun 2024