AFX launches a new Layer 1 perp DEX aiming to rival Hyperliquid with on-chain orderbook and zero-gas trading.

AFX has entered the competitive perpetual futures decentralized exchange (perp DEX) market dominated by Hyperliquid. It offers a sovereign Layer 1 blockchain with fully on-chain orderbook execution, zero gas fees, low latency, and enhanced transparency in matching and settlement. AFX targets professional and active traders seeking more control and visibility in trading, supported by features like AI agent wallets and revenue sharing incentives. Its long-term success depends on proving liquidity depth, market maker activity, and stable performance during volatile market conditions.