SX Bet Purchases 90,067 $SX Tokens in Latest Revenue Buyback
SX Bet Purchases 90,067 $SX Tokens in Latest Revenue Buyback
💰 SX buyback continues
SX Bet continues token buyback program with latest purchase of 90,067 $SX tokens using parlay revenue from October 27 - November 3.
Key details:
- All purchased tokens added to SX community fund
- Part of ongoing buyback initiative launched October 1st
- Revenue generated from platform's parlay betting activity
Recent momentum:
- Platform hit $0.8B all-time betting volume milestone
- Record weekly volume of $12.2M achieved
- Daily volume peaked at $2.7M+
The buybacks demonstrate SX's commitment to value creation through platform usage, with 100% of parlay revenue funding these token purchases that benefit the community fund.
This weeks stats on SX Bet.👇 Close to 27,000 bets and $3M in parlay volume with the tournament kicking off. Prediction market supercycle.
gParlay. Tournament is LIVE. Who's taking the $10,000 USDC first prize?
Buyback alert! 90,067 $SX purchased with parlay revenue generated Oct. 27th through November 3rd.
Buyback alert! Bettors wagered over $1.2M on peer-to-peer parlays this past weekend. We've purchased 135,811 $SX using the revenue generated through parlays and added it to the community fund.
Another record-breaking weekend in the books for SX Bet. > All-time high weekly betting volume ($12.2M) > All-time high daily betting volume ($2.7M+)
Buyback alert! Users bet $4.5M+ on parlays from Oct 23rd - Oct 27th. 112,084 $SX has been purchased with the revenue generated and added to the SX community fund.
Almost $2.2M traded on our sports markets yesterday, a new all-time high for daily betting volume on SX!
This bettor cooked up a 2 leg CFB underdog parlay that will turn $331 into $14K if these upsets happen. Prediction market leverage, only on SX Bet.
Buyback alert! We've bought back 138,446 $SX using parlay revenue. 100% of SX purchased through buybacks is added to the community fund.
SX has now cleared $0.8 billion in all-time betting volume. The next $0.8B will come much, much faster. Don't believe me? Check the chart.
Another record-breaking weekend in the books for SX Bet. > All-time high weekly betting volume ($12.2M) > All-time high daily betting volume ($2.7M+)
One week into the Parlay Launch Tournament: - $3.4M+ Matched parlay volume - $2.7M+ Potential profit - 205K+ $SX purchased with parlay revenue Three weeks left to climb the leaderboard!
The first buyback has been made: 12,112 $SX purchased using 100% parlay revenue generated over the last ~24 hours. I wonder what's going to happen when our $50,000 parlay competition begins next week...
x.com/i/article/1973…
The Parlay Launch Tournament kicks off tomorrow with 50,000 USDC on the line. Need a refresher on parlays? We’ve got you covered.
Buyback #2 is complete: we've purchased an additional 30,998 $SX using this weekend's parlay revenue. Spin sxwheel, spin.🛞
SX Network Launches Capital Efficiency Upgrade for Instant Position Hedging
SX Network has rolled out a **capital efficiency upgrade** to its contracts, enabling traders to move in and out of positions without locking additional capital each time. **Key features:** - Capital is **refunded instantly** when hedging out of positions - Functions similar to margin trading mechanics - Traders can enter, exit, hedge, and re-trade using the same bankroll - Only requirement: worst-case loss must remain covered The upgrade provides **greater flexibility** for both traders and market makers, allowing them to deploy the same capital repeatedly across multiple positions rather than having funds locked in individual trades.
SX Bet NFL Orderbooks Show Strong Activity
**SX Bet's NFL orderbooks are experiencing significant trading volume** as the platform continues to attract users with its web3 betting infrastructure. Key features: - **Quick account setup** - users can start trading in under 90 seconds - **USDC integration** for seamless transactions - Focus on NFL game lines and betting markets The platform has been consistently promoting its NFL offerings, highlighting competitive odds and fast onboarding compared to traditional sportsbooks. [Check NFL markets](sx.bet/football/nfl/game-lin)
🎯 SX Buybacks Hit 407K Tokens
**SX Network continues aggressive token buyback program** The platform purchased **26,410 $SX tokens** using parlay revenue from October 6-7, bringing total buybacks to **407,519 $SX** since the program launched October 1st. **Key developments:** - All parlay revenue now funds token buybacks - Cross-chain betting revenue also allocated to monthly buybacks - Community fund grows with each purchase - Platform commits to value creation through usage-driven buybacks The buyback strategy demonstrates SX's commitment to token holders by converting platform revenue directly into token purchases. Transaction details available on [SX Explorer](https://explorerl2.sx.technology/tx/0xc481fd0c085c6d4bc6e97ccdbca81d6c35afa87361cf5b24d631b48c6cb54f4a).
SX Networks Q2 2025: $60.6M in Bets, Up 38% YoY
SX Networks reports strong growth in Q2 2025: - Betting volume reached $60.6M, up 38% from Q2 2024 - Surpassed $700M in all-time betting volume - Launched Orderbook V2, reducing failed bets - Introduced Bet Boosts feature for odds comparison - SX Rollup TVL hit ATH of $97M in July - 15 consecutive months of YoY growth, averaging +70% Key improvements include enhanced order matching and in-play betting capabilities. Platform growth driven by product strength rather than incentives. [Read full report](https://sxweekly.substack.com/p/sx-79-2025-q2-review)