We are pleased to announce that ApolloX DEX V1 deploys to Manta Pacific Mainnet. In its initial phase, ApolloX DEX V1 exclusively supports deposits and withdrawals for ETH, USDT, and USDC.
ApolloX is a decentralized derivatives exchange platform. Its DEX V1 supports trading of over 90 order book perpetual contracts with up to 200x leverage. According to DefiLlama’s data, ApolloX boasts a Total Value Locked (TVL) of $42.52 million, establishing it as the largest decentralized derivative financial protocol on the Binance Smart Chain (BSC).
Manta Pacific stands as a leading Layer-2 scaling solution. In just over a month since its mainnet launch, Manta Pacific has already attracted over 138 Web3 projects within its ecosystem with $13 million in TVL. The deployment of ApolloX DEX V1 on Manta Pacific adds significant strength to this vibrant ecosystem.
Manta Pacific represents the first modular Layer 2 solution for the EVM ecosystem. Leveraging Manta Network’s Universal Circuits to provide ZK-as-a-Service for next-generation applications, Celestia’s Blobstream data availability service to modularize DA and settle to Ethereum, and OP Stack (and in the future zkEVM by using Polygon CDK) for infrastructure scalability, Manta Pacific offers an unrivaled user experience for interacting with decentralized applications. With Manta Pacific, ApolloX will be able to enjoy an 80% reduction in costs compared to other Layer 2 networks.
Kenny Li, Co-founder of Manta Network, enthusiastically remarks, “The presence of ApolloX DEX V1 on Manta Pacific is truly a cause for excitement. ApolloX occupies a preeminent position in the realm of decentralized exchange products, characterized by its formidable order book liquidity, swift transaction execution, and an extensive array of derivative offerings. We eagerly look forward to witnessing the flourishing of dynamic initiatives within the Manta Pacific ecosystem, as our users leverage the substantial liquidity reserves offered by the ApolloX platform to their fullest potential.”
Moreover, the EVM compatibility of Manta Pacific expedites the deployment of smart contracts, facilitating seamless integration with ApolloX.
The ApolloX core team emphasizes, “One of ApolloX’s visions is to construct a multichain ecosystem to offer superior trading experiences and ease of use.” They add, “The initiation on the Manta Pacific platform symbolizes a significant milestone in our multichain strategy, presaging deeper collaborations in both product development and ecosystem enrichment in the foreseeable future.”
ApolloX (APX) is a top decentralized exchange for crypto derivatives on leading chains. Offering both V1 order book (BNB Chain, Ethereum, Arbitrum, zkSync, BASE, Manta) and V2 on-chain perpetuals (BNB Chain, Arbitrum), ApolloX empowers traders and stakers with unparalleled opportunities. Elevate trading with up to 750x leverage, market-lowest slippage and competitive fees. Amplify returns with the highest stablecoin LP yield among perpetual trading platforms.
Visit www.apollox.finance for more information.
About Manta Network
Manta Network is the modular blockchain for zero-knowledge (ZK) applications. Manta Pacific is the modular L2 ecosystem for EVM-native ZK applications and dapps that want to deliver the lowest cost and best experience for users. Leveraging Manta’s Universal Circuits to enable ZK-as-a-Service, and Celestia’s data availability for modularity to deliver low gas fees, Manta Pacific offers the perfect environment for ZK-enabled applications. Learn more about Manta Pacific here.
Manta Network is created by a team of experienced founders from prestigious institutions, including Harvard, MIT, and Algorand. Manta Network has received investments from many of the top web3 investment funds, including Binance Labs and Polychain Capital. It has grown through participation in the best web3 accelerators, including Alliance DAO and Berkeley Blockchain Xcelerator. Manta Network is poised to bring the next generation of web3 users and usher in a new chapter of privacy-focused web3 applications.