Project X

Project X is built on the belief that tech is becoming increasingly commoditized and the next era of DeFi will be won by innovating on distribution, incentive design and UX.

## Overview Project X is a decentralized exchange (DEX) operating on the Hyperliquid L1 blockchain. The platform is built on a foundational belief that the commoditization of blockchain technology and smart contract infrastructure means the next wave of competitive advantage in DeFi will come from three specific areas: distribution mechanisms, incentive design, and user experience. Rather than competing on technical novelty in core trading infrastructure—a space where viable solutions already exist—Project X focuses on how traders discover the platform, how they are rewarded for participation,