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AFX says it surpassed $1.1 billion in trading volume with $23.4 million TVL

AFX says it surpassed $1.1 billion in trading volume with $23.4 million TVL

The decentralized derivatives platform said the milestone came during its initial operating period, alongside 8.6 million trades, 39 listed markets and an ongoing Season 1 rewards program.

Fact Check
The AFX PR Newswire press release directly confirms all claim details: over $1.1B in cumulative trading volume, 8.6M+ trades, ~$23.4M TVL, 39 listed markets, and an ongoing Season 1 rewards program. Crypto Briefing independently reports identical figures, and AFX's own Season 1 points page confirms the active rewards program. The main caveat is that these are self-reported platform metrics that cannot be independently audited, but the claim accurately reflects what AFX announced.
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Summary

AFX said it has exceeded $1.1 billion in cumulative trading volume during its initial period of operation, reaching the mark with more than 8.6 million total trades. The company framed the result as evidence of strong capital efficiency, saying it achieved the volume with approximately $23.4 million in TVL (total value locked, crypto assets deposited in a protocol). AFX said it is currently running its Season 1 Rewards program with a 475,000 weekly points pool for liquidity providers and guild participants, while its LP Vaults (liquidity provider vaults) ALP are offering about 11% APY (annual percentage yield) sourced from protocol fees. The platform said it has 39 listed markets, spanning major crypto assets and synthetic TradFi assets, as it seeks to combine centralized-exchange-style speed with decentralized custody and infrastructure.

Terms & Concepts
  • TVL: Total value locked in a protocol
  • LP Vaults: Liquidity provider pools used to supply market liquidity
  • APY: Annual percentage yield on deposited assets