ROAD TOWN, British Virgin Islands, May 18, 2026 /PRNewswire/ -- AFX, a sovereign Layer 1 purpose-built for decentralized derivatives trading, has officially commenced the operation of its L1 Mainnet, signaling a definitive end to the era of trade execution compromised by general-purpose blockchain congestion. Engineered for the world's most demanding participants, AFX introduces the Sovereign Trading Layer—a dedicated financial environment where the non-custodial transparency of a Perp DEX meets the uncompromising speed and depth traditionally reserved for institutional-grade centralized entities.
At launch, the protocol supports a high-liquidity suite of perpetual markets across both digital and traditional macro assets, featuring BTC, ETH, Gold (XAU), and Crude Oil (CL), with up to 40x leverage to ensure peak capital efficiency from the first block.
The architectural foundation of AFX represents a radical departure from legacy decentralized platforms that remain tethered to the high latency and structural bottlenecks of shared networks. By operating on a custom-built execution layer powered by DAG-based consensus and an ABCI modular architecture, AFX transforms the perpetual trading experience, achieving a specialized environment where execution is decoupled from consensus. This synergy provides a dedicated mempool optimized exclusively for high-frequency order flow and protocol-level MEV resistance, allowing for a 100ms median latency and a capacity exceeding 100,000 transactions per second.
Crucially, the AFX Mainnet introduces a Zero Gas execution model, removing the friction of network fees and allowing data-driven discipline, rather than gas costs, to dictate market success.
The Mainnet launch simultaneously debuts the Pro-Trader Suite, an institutional-caliber engine designed for the "0.1%" of traders who prioritize precision. This suite features a Hyper-Efficiency Margin Engine that mandates a mere 1.25% maintenance margin—delivering four times the capital efficiency of industry incumbents—while providing native support for the real-time re-utilization of unrealized profits. Furthermore, as the first decentralized derivatives exchange to offer native FIX protocol support, AFX provides Tier-1 quantitative firms a seamless, plug-and-play gateway to decentralized liquidity, bridging the gap between sophisticated algorithmic trading and on-chain sovereignty without the need for extensive code refactoring.
Beyond technical dominance, AFX is redefining the social contract of decentralized finance through a community-first economic model. In a deliberate move to preserve total sovereignty, the protocol was launched without venture capital, private rounds, or predatory unlock schedules, ensuring that the network's evolution is driven purely by its active participants. This commitment is solidified by a 100% Revenue Pass-through model, where the entirety of the network's generated value is directed back to the ecosystem's contributors and traders. The AFX Mainnet is now live, offering a sanctuary for those who demand the transparency of a Perp DEX with the sovereign precision of a dedicated L1. Traders are invited to experience the next stage of on-chain evolution at https://app.afx.xyz/trade.
About AFX
AFX is a high-performance sovereign L1 purpose-built for decentralized derivatives. By synthesizing the rapid execution of a centralized exchange with the immutable sovereignty of the blockchain, AFX delivers a professional-grade Perp DEX environment characterized by sub-100ms finality, institutional liquidity, and unmatched capital efficiency.
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AFX Launches Sovereign Layer 1, Providing an Optimized Execution Environment for On-chain Perp DEXes
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Cements Role in Driving an Inclusive Digital Economy in the Southeast Asian Nation
MANILA, Philippines, May 18, 2026 /PRNewswire/ -- Mynt, Inc., the parent company of the Philippines' number one finance superapp, GCash, continued to deliver sustainable growth in the first three months of 2026 as it cements its key role in building an inclusive digital financial system.
For the quarter ending March 2026, Mynt's income attributable to one of its major shareholders, Globe Telecom, surged to PHP 1.9 billion, representing a 120% increase over the previous quarter.
"Our latest results are a clear signal that GCash is no longer just a digital wallet, but a primary engine of the Philippines' digital economy. The quarterly growth reflects our success in scaling high-impact services like lending and wealth management while staying true to our mission of financial inclusion," said Martha Sazon, President and CEO of Mynt.
Scaling Daily Utility
Mynt has deepened its integration into the daily lives of Filipinos as it remains to be the top InstaPay destination by transaction volume according to the latest data of the Philippine Payments Management Inc. (PPMI).
Amidst global uncertainties, GCash strengthened its role as a lifeline and companion for millions of its users—waiving transaction fees for both inbound and outbound remittances for overseas Filipinos in the Middle East. It also worked closely with the government to enable fast and efficient delivery of fuel subsidies.
Powering Credit and Wealth with Tech
Fuse Financing, Inc, continued to expand access to fair lending, with life-to-date loan disbursements reaching PHP 406 billion, a 60% increase year on year. By utilizing GScore—a proprietary trust scoring system—Fuse has provided fair credit to over 11.1 million unique borrowers who were previously underserved by traditional banks.
Simultaneously, GCash is democratizing investments and protection. GStocks PH now serves 1.9 million registered investors or an expansion of 64%. GInsure has sold over 192.4 million policies life-to date, a 274% jump year on year.
Building the Future of Fintech
As the Philippines' largest digital ecosystem, GCash remains focused on international expansion and scaling its B2B offerings. It simplifies remittances by now allowing money transfers from GCash to a foreign bank or e-wallet across 16 countries. It's also giving micro, small, and medium enterprises wider access to tools for improved payment processing and operational efficiency.
Cements Role in Driving an Inclusive Digital Economy in the Southeast Asian Nation
MANILA, Philippines, May 18, 2026 /PRNewswire/ -- Mynt, Inc., the parent company of the Philippines' number one finance superapp, GCash, continued to deliver sustainable growth in the first three months of 2026 as it cements its key role in building an inclusive digital financial system.
For the quarter ending March 2026, Mynt's income attributable to one of its major shareholders, Globe Telecom, surged to PHP 1.9 billion, representing a 120% increase over the previous quarter.
"Our latest results are a clear signal that GCash is no longer just a digital wallet, but a primary engine of the Philippines' digital economy. The quarterly growth reflects our success in scaling high-impact services like lending and wealth management while staying true to our mission of financial inclusion," said Martha Sazon, President and CEO of Mynt.
Scaling Daily Utility
Mynt has deepened its integration into the daily lives of Filipinos as it remains to be the top InstaPay destination by transaction volume according to the latest data of the Philippine Payments Management Inc. (PPMI).
Amidst global uncertainties, GCash strengthened its role as a lifeline and companion for millions of its users—waiving transaction fees for both inbound and outbound remittances for overseas Filipinos in the Middle East. It also worked closely with the government to enable fast and efficient delivery of fuel subsidies.
Powering Credit and Wealth with Tech
Fuse Financing, Inc, continued to expand access to fair lending, with life-to-date loan disbursements reaching PHP 406 billion, a 60% increase year on year. By utilizing GScore—a proprietary trust scoring system—Fuse has provided fair credit to over 11.1 million unique borrowers who were previously underserved by traditional banks.
Simultaneously, GCash is democratizing investments and protection. GStocks PH now serves 1.9 million registered investors or an expansion of 64%. GInsure has sold over 192.4 million policies life-to date, a 274% jump year on year.
Building the Future of Fintech
As the Philippines' largest digital ecosystem, GCash remains focused on international expansion and scaling its B2B offerings. It simplifies remittances by now allowing money transfers from GCash to a foreign bank or e-wallet across 16 countries. It's also giving micro, small, and medium enterprises wider access to tools for improved payment processing and operational efficiency.
** This press release is distributed by PR Newswire through automated distribution system, for which the client assumes full responsibility. **
Top Philippine Fintech Mynt Doubles QoQ Earnings
