AFX said its cumulative trading volume has climbed to $946.29 million, putting the decentralized derivatives-focused network close to the $1 billion mark. On-chain data cited from DefiLlama shows the protocol also holds $20.71 million in total value locked, reflecting recent growth across the ecosystem.
VIP program channels fee revenue back to active traders
The platform linked that growth to its native VIP program, which sends 30% to 50% of platform fee revenue back to high-volume users. AFX said annualized protocol revenue is currently tracked at $1.07 million, and the VIP reward pool distributes USDC directly to participants. The company positioned this model as a real-yield alternative to token emission systems that depend on inflationary incentives.
The program uses a tiered fee structure. At VIP 5, Maker fees can fall to 0.001%, while Taker fees can drop to 0.035%. Eligibility is based on rolling 30-day trading volume, with master accounts and sub-accounts counted together. Traders can track aggregated volume, tier status, and live reward pool allocations through the AFX VIP dashboard, according to the announcement.
Sub-100ms execution and zero-gas trading highlighted
AFX operates on its own sovereign L1 architecture and said the setup enables sub-100ms execution with zero-gas trading. Ken C, Head of Growth at AFX, said capital and trading activity move toward platforms where incentives are structurally aligned. He added that AFX returns as much as 50% of real annualized fee revenue to VIP users and pairs that model with 45x capital velocity, which he said shows sovereign L1 orderbooks can deliver institutional-grade performance alongside decentralized yield.
AFX pushes its case in decentralized derivatives
The latest figures were presented as evidence of demand for decentralized derivatives infrastructure that combines professional trading performance with incentive sharing tied to network activity. AFX describes itself as a high-performance sovereign L1 built for decentralized derivatives, aiming to merge centralized exchange-style execution speed with on-chain settlement and capital efficiency. The company also noted that product availability varies by jurisdiction.