LogX Network
LOGX
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
LogX Network (LOGX) is an Arbitrum-based modular perpetual DEX aggregator and derivatives trading infrastructure. While the team successfully deployed multi-chain integrations, completed audits with PeckShield, SolidProof, and Salus Security, and raised $10.1M in VC funding, the protocol has experienced severe deterioration since its September 2024 TGE. Following its Season 1 airdrop, organic user activity collapsed, development transitioned to maintenance mode, and token liquidity evaporated. The token suffered an unrecovered drawdown of over 99.9% from its ATH, reducing circulating market capitalization to approximately $35,000 USD. Furthermore, LOGX was subjected to hostile exchange delistings: CoinEx delisted LOGX/USDT on October 9, 2025, and KuCoin delisted LOGX on February 13, 2026, under its Special Treatment Rules ('KuCoin: Delisted LOGX on February 13, 2026, under its Special Treatment Rules.'). The weighted average across all six fully evaluated sections yields an overall score of 4.2/10.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About LogX Network (LOGX)
LogX Network (LOGX) is a cross-chain perpetual decentralized exchange (DEX) aggregator and modular derivatives trading platform founded by Akshit Bordia and Anshu Agrawal. Utilizing an Arbitrum Orbit modular rollup architecture, the platform was created to aggregate perpetual liquidity across multiple blockchain networks, later expanding into prediction markets and stablecoin Forex infrastructure. The protocol is deployed across several networks, including Arbitrum One, Ethereum, and Base, and its smart contracts have been audited by third-party security firms such as PeckShield, SolidProof, and Salus Security.
The LOGX token serves as the network's native utility and governance asset, capped at a maximum supply of 1,000,000,000 tokens. The distribution model allocates 40% to community rewards, 17% to investors and advisors, 16% to the core team, 15% to the LogX Foundation, and 12% to the Season 1 airdrop. Insider allocations are subject to vesting schedules ranging from 24 to 48 months. The token provides utilities including protocol fee revenue sharing, gas fee subsidization for stakers, and governance participation via multisig-administered decentralized autonomous organization (DAO) structures.
Following its Token Generation Event (TGE) on September 24, 2024, and the distribution of its Season 1 airdrop, LogX Network experienced severe declines in user activity, liquidity, and token value. The token suffered an unrecovered price crash of more than 99.9% from its all-time high of approximately $0.2245 down to around $0.00004, reducing its circulating market capitalization to between $32,000 and $35,000 USD. Consequently, the token faced exchange delistings, including CoinEx delisting LOGX on October 9, 2025, following a liquidity review, and KuCoin delisting it on February 13, 2026, under its Special Treatment Rules. Development momentum has largely shifted to a maintenance posture with limited organic engagement.