AFX, a high-performance sovereign Layer 1 blockchain designed for decentralized derivatives trading, has announced significant ecosystem growth alongside its native VIP Program. According to on-chain data from DefiLlama, cumulative trading volume on the platform has reached $946.29 million, with Total Value Locked (TVL) hitting $20.71 million.
The surge is being directly attributed to the protocol's VIP Program, which aligns active traders with the network’s success by redistributing between 30% and 50% of platform fee revenue back to high-volume users. With annualized protocol revenue currently at $1.07 million, the VIP reward pool distributes real USDC yield directly to participants, offering a sustainable alternative to inflationary token emissions.
The tiered scheme provides fee discounts scaling down to 0.001% for makers and 0.035% for takers at VIP 5, based on a rolling 30-day volume across master and sub-accounts. Built on AFX's sovereign L1, the program delivers sub-100ms finality and zero-gas execution. Traders can track their aggregated volume, tier status, and reward allocations via a dedicated VIP dashboard.
Ken C, Head of Growth at AFX, emphasized that this model creates a self-reinforcing flywheel: “We treat traders as growth partners, not customers to monetize. By returning up to 50% of real fee revenue to VIPs, combined with 45x capital velocity, we prove that sovereign L1 orderbooks can deliver institutional performance and true decentralized yield.”
