SX #33 - SX breaks $200m!
Plus SX featured heavily in CoinDesk article
🚀 SX hits $200,000,000 in Bets
SX Bet broke $200m in bets today!
To recap our progress since inception:
The first $10m in bets took 2 years.
The next $90m took 1 year.
The most recent $100m took roughly 6 months.
SX Bet (formerly SportX) is the most successful gambling blockchain app in crypto. The peer-to-peer prediction market has done over 2x the betting volume of its nearest competitor.
SX’s new objective: hit the next $300m in bets before the end of the year. That will bring SX to $500m in bets since inception, and would represent a more than +400% increase in total bets from 2021 and represent +$6m USD in annual protocol revenue.
With the upcoming merge into the SX Network blockchain, hitting that target would also make SX a top ten blockchain by protocol revenue (just ahead of Near Protocol, a $4.4b blue-chip blockchain).
✅ With $200m in bets done, the next goal is for SX to hit $500m in total bets before the end of 2022 ✅
📰 SX Featured in CoinDesk Article on Betting
SX was featured heavily in a CoinDesk article covering the decentralized sports betting industry.
The article highlights how SX was about to hit $200m in volume, had built its own blockchain, and much more.
Here’s an excerpt from the article:
The article talks about the benefits of decentralized sports betting, the challenges the industry faces, and is a reasonably balanced take on the space. Check out the full article here.
📸 SX will continue to garner press coverage as the platform continues to grow and the blockchain betting space continues to grow 📸
About SX Network
SX Network is the first blockchain to combine a smart contract platform with an on-chain community treasury and a native prediction market protocol. SX Network consists of three core platforms:
SX.Bet — The largest blockchain prediction market site that has facilitated $200M in trades on sports, politics and crypto markets.
SX Protocol — A smart contract primitive that powers SX.bet and has accrued over $2.5M in fees for the SX Network treasury.
SX Blockchain — The first layer two blockchain built on top of and in partnership with Polygon, that is focused on scaling betting, DeFi and NFT applications.
SX Network is a stand-alone smart contract blockchain built on Polygon Edge. It is designed from the ground up for blockchain application developers with EVM-compatibility, low-cost transactions, and a PoS-based consensus model.