AFX Launches Blockchain for Perpetual Futures Trading

AFX, a decentralized Layer 1 blockchain focused on derivatives, has officially launched its mainnet. The network’s design is specifically built for perpetual futures trading, steering away from general-purpose blockchains. It introduces what the team calls a dedicated execution environment for on-chain trading.

At launch, AFX supports perpetual markets linked to both crypto and traditional assets. Traders can access instruments such as Bitcoin, Ethereum, gold, and crude oil. Leverage goes up to 40x. The company believes this setup improves capital efficiency and gives users access to different asset classes from a single platform.

Technical Infrastructure

Under the hood, AFX uses a custom infrastructure based on DAG-based consensus and a modular ABCI architecture. The team claims the system handles more than 100,000 transactions per second with a median latency of around 100 milliseconds. A zero-gas model removes transaction fees from trade execution, which could help reduce costs for active traders.

Pro-Trader Suite

Alongside the mainnet, AFX launched the Pro-Trader Suite. This trading engine targets high-volume and algorithmic traders. It offers a low maintenance margin requirement and supports the FIX protocol—a widely used standard for institutional market connectivity.

Steven Gregoriou, Head of Strategy at AFX, said the idea was to bring together a core community of traders and take advantage of the crypto market’s high activity levels. He noted that the platform’s architecture looks different from what most blockchains offer today.

Early reports suggest the network has already drawn interest from several trading firms. Whether AFX can maintain momentum in a competitive space remains to be seen. But for now, it’s carving out a niche for itself.

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