SX Networks Q2 2025: $60.6M in Bets, Up 38% YoY
SX Networks Q2 2025: $60.6M in Bets, Up 38% YoY
馃幉 700M Reasons to Bet
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.
1/ SX Network鈥檚 2025 Q2 Review is out! 馃殌 $60.6M in bets in Q2 2025, up 38% from $44M in Q2 2024 馃捇 Launched Orderbook V2 & Bet Boosts 馃敎 Coming Q3: capital efficiency, outright market infra, liquidity incentives, & new interfaces Here鈥檚 the full Q2 recap! 馃憞
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 Bet Purchases 90,067 $SX Tokens in Latest Revenue Buyback
**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.
馃幆 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).