Next-Gen On-Chain Transaction: KiloEx Introduces Coin-First Smart Contract Trading Model

By: blockbeats|2025/02/07 15:45:02

BNB

BTC

SOL

Source: KiloEx

The year 2025 is destined to be extraordinary for web3. Despite Bitcoin still hovering around $100,000, meme coins on centralized exchanges have repeatedly hit new lows. With former U.S. President Trump issuing a TRUMP token on Solana bearing his name and quickly skyrocketing to a market capitalization of hundreds of billions of dollars, on-chain funds and players have once again reached a new scale. Various signs indicate that Web3 is undergoing an unprecedented transformation, where the "on-chain" is replacing CEX, becoming the "must-win battleground" almost universally embraced by all Web3 communities.

As a perpetual contract DEX invested in by YZi Labs (BinanceLabs), KiloEx currently supports contract trading for over 100 assets. Users can trade a variety of tokens on-chain with leverage ranging from 2 to 125, including mainstream assets like BTC, ETH, SOL, AI tokens like ACT, VIRTUAL, Ai16z, as well as various meme coins like TRUMP, BRETT, BONK.

Additionally, KiloEx supports multiple chains such as the BNB Chain, opBNB Chain, Base, Manta, with its TVL and trading volume ranking first on the opBNB and Manta networks. Its TVL on Base exceeds $15 million, with a total TVL surpassing $50 million.

Despite achieving some impressive results, KiloEx has not rested on its laurels. Recently, KiloEx pioneered a brand-new coin-based on-chain contract trading model and collaborated with the Revox project to introduce the REX token as the first use case under this model.

Let's take REX as an example. REVOX is the AI Agent Framework project core to the BNB Chain ecosystem, providing a complete solution for developers and users to support DeFAI, AI asset issuance, and AI Agent creation.

Firstly, REX token holders connect their wallet on the KiloEx platform, select REVOX- BNB Chain, and can then see the currently tradable token types on the left side of the trading page, including BTC, ETH, SOL, BNB, and REX. On the right side of the page, users can use their REX in the wallet as contract collateral and can choose to utilize leverage from 2 to 125 to go long or short on the above-mentioned assets. This process requires users to have some BNB in their wallet for gas fees. Upon closing their position, their profit or loss is settled in REX, with the platform's fee also being in REX tokens.

In addition to using the REX token as collateral for contract trading, REX token holders can also stake REX in the REX vault on KiloEx to earn interest income generated by traders' fees and P&L, and this income is settled in REX as well.

Undoubtedly, KiloEx's innovative on-chain coin-based contract trading model has brought the possibility for REX token holders to use REX to earn more income, while also giving the REX token a new application scenario in the DeFi field, providing the REX token with richer functionality and a broader space for value creation.

The partnership with Revox is the first step of KiloEx's on-chain coin-based trading model. In addition to REX, KiloEx currently supports BOX (Debox token) coin-based trading and is in talks with the Gravity team to support $G for coin-based contract trading. In the future, KiloEx will cooperate with more high-quality projects to help holders of various tokens expand their asset value, allowing them to use their tokens as collateral for on-chain contract trading of multiple assets in a coin-based manner to accumulate more of that asset. In the future, a Permitless on-chain coin-based contract system will be launched, which will also give Meme tokens more trading and usage scenarios.

This article is contributed content and does not represent the views of BlockBeats

-- Price

Solana did not fall behind during the bear market. Trading enthusiasm has waned, but the network is more stable, RWA and stablecoins are expanding, and the capital foundation is much thicker than in the previous cycle. The real question is: when the speculative tide recedes, can perpetuals, predicti...

Young people in South Korea make a "final effort" in the epic bull market

The South Koreans' average of two accounts for wildly gambling in the chip bull market reflects the survival anxiety and harsh reality of countless young people trying to break through class barriers behind the nationwide stock trading frenzy for wealth.

The pricing controversy of Trade.xyz exposes the fatal weakness of Pre-IPO perpetual contracts

SpaceX's equity update has sparked controversy over on-chain liquidations. Trade.xyz refuses to reset the SPCX pricing, and the lack of a Rebase mechanism in Perp DEX has led to a significant trust test for on-chain Pre-IPO assets.

How much longer can Ethereum's last big buyer hold on?

According to Bitmine's current buying pace, the 5% target is expected to be reached next month, and at that time, there may be no further increases in holdings. So, who will fill the buying gap for Ethereum?

World Cup 2026 Coming – WEEX Celebrates with $1M Prize Pool & Michael Owen Live

The 2026 FIFA World Cup is hours away. WEEX unveils the “World Cup x Dice Rush” campaign with a 1,000,000 USDT prize pool. Plus, Michael Owen reunites with WEEX COO for an exclusive pre-match livestream. Join now!

Morning Report | OpenAI has submitted an S-1 registration statement draft to the U.S. SEC; Morpho completes $175 million financing

Overview of Important Market Events on June 9th

Galaxy Deep Research Report: How Hyperliquid's HIP-4 Upgrade Changes the Landscape of Prediction Markets?

The platform that wins this competition will be the one whose execution layer is the hardest to replicate, whose builder ecosystem delivers the fastest, and whose regulatory path is the most open.

Latest research from 13 top universities including Cornell University: The current state, challenges, and misconceptions of the fusion of Crypto and AI

The combination of AI and crypto is still in its early stages, with both serving as complementary "middleware": AI translates human intentions into executable programs, while cryptographic technology provides verifiable and tamper-proof guarantees for computational processes and results. In the dire...

Deconstructing Anthropic: The Best AI Company, Possibly Also a Type of Organizational Invention

Instead of competing with ambition, focusing on restraint, how does Anthropic leverage extreme strategic focus and an "counterintuitive" geek culture to counterattack OpenAI on the AI battlefield?

Every exchange is a "Universal Exchange."

You initially build infrastructure for something, then realize it can also be used for many other things, and then you continuously expand the business to accommodate everything that the infrastructure can support.

The counterattack of traditional finance: Alliance chains are quietly reviving

Whether public chains win or consortium chains win has never been the focus.

Pantera Capital Partner: How Tokenization is Restructuring the Private Equity and Early Investment Ecosystem?

Top tech companies are going public later and later, leaving retail investors shut out during the high growth period. Can tokenization give ordinary people back this entry ticket?

Mastercard Launches Agent Pay for AI, Plans to Record AI Agent Payment Authorizations on Polygon

Mastercard launched Agent Pay for AI, a new payment protocol designed to help AI agents make small payments such as pay-per-use access to data and APIs. The system plans to record human-granted AI agent permissions on Polygon, focusing on verifiable authorization, identity, and payment controls.

Morning News | CME Group launches Nasdaq Cryptocurrency Index futures; Asset management giant Janus Henderson strategically invests in Ethena

Overview of Important Market Events on June 10