what's prophex?
Prophex is a decentralized protocol designed to revolutionize prediction markets by introducing perpetual futures-style trading for event outcomes. Unlike traditional prediction markets that resolve as one-off bets, Prophex enables continuous trading of outcomes with dynamic pricing, allowing users to go long or short on predictions without expiration dates. This is powered by a virtual Automated Market Maker (vAMM) model, which facilitates leverage trading and maintains liquidity through algorithmic adjustments. The platform integrates features like adjustable leverage and real-time pricing to mirror perpetual futures mechanics, making it suitable for hedging risks or speculating on diverse events from politics to sports. Built on blockchain technology, Prophex aims to enhance accessibility and efficiency in outcome-based trading, fostering a more liquid and sophisticated market environment for participants.
Prophex featured in Chung Daily Note's 'New Protocols' section on Dec 29.
Links
x.com/prophex_ioFeatured in Chung Daily Note under "New Protocols" section on December 29, 2025
Mainnet launch scheduled within weeks, and CZ previously retweeted the project during its initial launch on BNB chain.
PPX reaches new all-time high following partnership announcements and team updates.
PPX reaches new all-time high while broader cryptocurrency market declines.
Project onboards UFC fighter as partner and adds ex-Binance compliance expert to team.
New team member joins with previous experience at Bitget, Bybit, and Crypto.com.
PPX hits $12.4m market cap with a product combining prediction markets and futures trading in perpetual-style format for shorting or longing events.
Project enters early beta phase and actively recruits testers with rewards for early participants. Brian Lenertz (ex-Wintermute) serves as Lead Engineer.
Prophex introduces perpetual prediction market with dynamic odds, levered bets, and virtual AMMs, PPX at $7.7M market cap.