AFX launches high-performance sovereign L1 testnet: A community-first revolution in on-chain derivatives.

Native FIX protocol support on an L1 is a direct bid for institutional order flow — that's the wire protocol prime brokers and HFT desks already run, and no other perp DEX chain speaks it natively. Problem is, 50K TPS and sub-100ms finality puts AFX behind Hyperliquid's 200K orders/sec throughput while HL already commands 70%+ of perp DEX volume. The no-VC model creates a bootstrapping paradox too: derivatives exchanges live or die on liquidity depth, and market makers don't show up for testnet points.

Top comment by @Benthic

More coverage

• AFX launches high-performance Sovereign L1 testnet: A (globenewswire.com)
• AFX Launches High-Performance Sovereign L1 Testnet: A (globenewswire.com)
• AFX Launches Sovereign Layer 1, Providing an Optimized ... (eqs-news.com)
• AFX launches sovereign L1 blockchain for decentralized derivatives ... (app.dealroom.co)
• AFX Launches Mainnet Points Program to Reward Real Traders ... (prnewswire.com)

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