SX Bet, a leading on-chain betting exchange, has officially launched on Berachain, taking a significant step in its cross-chain expansion strategy. The platform has already seen impressive growth, with over 2 million bets placed, $675 million wagered, and a remarkable 93% year-over-year increase in volume. This move to Berachain signifies a new chapter in the evolution of sports betting, offering users a unique and rewarding experience.
With the launch on Berachain, SX Bet introduces a novel incentive structure designed to incentivize bettors for their participation. Users can now place bets using the native $HONEY stablecoin and earn $SXBRT, a receipt token that can be staked in the SX Vault on BeraHub. By staking $SXBRT, users can generate weekly yields in $BGT, Berachain’s governance token, creating a lucrative opportunity for bettors to earn rewards based on their betting activity.
To celebrate the launch on Berachain, SX Bet will be hosting a summer betting tournament with a prize pool of 69,420 bet credits from May 31 to July 14. Additionally, bet credits will be airdropped to top Berachain communities, further engaging users and fostering community involvement.
However, the deployment on Berachain is not just about incentives; it aims to create a scalable global liquidity hub for both bettors and builders. Builders can leverage SX liquidity to launch their own custom betting frontends and experiences, expanding the betting ecosystem on the Web3 platform.
Andrew Young, SX Bet Project Lead, emphasized the platform’s commitment to growth and innovation, stating, “SX Bet isn’t just a single dApp — it’s a betting protocol anyone can build on. With this Berachain launch, we’re not just growing SX, we’re growing the entire Web3 betting ecosystem.”
The cross-chain architecture of SX Bet allows for shared liquidity across multiple blockchains, enabling users to place bets on their preferred chain without compromising on odds or depth. As the top sports betting dApp by volume on Arbitrum, SX Bet has demonstrated sustained growth without relying on continuous incentives, highlighting the platform’s focus on offering sharp odds, fast user experience, and a product-centric approach.
SX Bet is setting a new standard for scalable sports betting infrastructure in Web3, providing bettors with more rewards, deeper liquidity, and better odds. For builders, it offers a plug-and-play liquidity engine to leverage and build upon, while chains benefit from a high-volume dApp that drives user growth and retention.
To start betting and earning on Berachain, visit bera.bet today and experience the future of sports betting with SX Bet.
About SX Bet:
SX Bet is the fastest-growing on-chain betting exchange, revolutionizing the intersection of sports and crypto. With a peer-to-peer, non-custodial, and on-chain betting model, SX Bet offers a secure, transparent, and trustless betting experience. Built on the SX Network and now live on Arbitrum and Berachain, SX Bet is establishing itself as the global liquidity hub for sports betting. Learn more at sx.bet.
Please note that SX Bet is not available in the United States or other restricted regions.
Disclaimer:
The information provided in this press release is not a solicitation for investment and should not be construed as investment advice, financial advice, or trading advice. It is recommended to conduct due diligence and consult with a professional financial advisor before investing in or trading cryptocurrency and securities.