UXUY

UXUY is a multi-chain, decentralized trading platform leveraging Multi-Party Computation (MPC) technology combined with a Telegram Mini-App, designed to provide users with self-custodial control over their assets. The platform enables gasless, cross-chain trading, allowing users to interact with cryptocurrencies, tokenized real-world assets (RWAs), and stablecoins on various blockchain networks such as Ethereum, Bitcoin (via the Lightning Network), BNB Chain, and more. ^{[1] [2]}

History

UXUY was founded in late 2023 as a product incubated during the final batch of Binance Labs' incubation program. The company was chosen from a pool of 12 projects to receive investment from Binance Labs, now rebranded as YZi Labs. This rebranding occurred in early 2025, marking a transition from Binance's venture arm to an independent family office associated with Binance's co-founders, Changpeng "CZ" Zhao and Yi He. ^{[3] [4]}

October 2025 marked UXUY's second anniversary, reflecting its growth and development since its inception. Originally, UXUY launched as a Bitcoin Lightning Network wallet/bot integrated into Telegram. Over time, it evolved into a comprehensive trading platform supporting wider blockchain networks and offering a decentralized exchange (DEX). ^{[5] [2]}

Technology & Architecture

The core of UXUY's technology is based on the ERC-4337 account abstraction standard, facilitating user-friendly and "seedless" self-custodial control through MPC technology. This eliminates the necessity of managing private keys or seed phrases directly, reducing the security risks associated with their exposure or loss. The platform's GasLess protocol enhances user experience by enabling transactions without gas fees, which is achieved through the GasPool technology, simplifying gas fee management across different blockchain networks. ^{[6] [5]}

UXUY's technological framework includes a proprietary cross-chain bridge, facilitating seamless transactions and asset transfers across multiple blockchains without needing third-party solutions. The system automatically determines optimal routes for trades using a real-time smart aggregation and routing system, ensuring efficient execution with minimal slippage. ^[7]

The platform emphasizes robust security measures, with smart contracts audited by Slowmist and partnerships with Safeheron and Goplus to bolster transaction security. ^[7]

Products & Use Cases

UXUY's product ecosystem has expanded since its initial launch. It now offers a range of trading options, including:

1. Crypto Trading: Gasless and cross-chain trading of cryptocurrencies across numerous blockchain networks, allowing users to capitalize on market opportunities without the friction of handling native gas tokens.
2. Tokenized Real-World Assets (RWAs): The platform supports on-chain trading of tokenized stocks and index funds, such as Tesla and Apple, providing users with traditional market exposure in a decentralized setting.
3. Stablecoin Trading: Users can trade stablecoins like USDT, USDC, and UUSD, ensuring seamless transactions across different markets. ^[6]
4. AI Assets: The platform includes AI-related tokens as part of its tradeable asset categories, alongside crypto, RWAs, and stablecoins.

UXUY explicitly conveys that meme coins available on the platform are for entertainment purposes, lacking intrinsic utility. ^[5]

Team & Governance

The UXUY team comprises a diverse and largely pseudonymous group of experienced professionals with backgrounds in centralized exchanges (CEX) and Web3 ventures. The publicly recognized figure is "0xKevin," or "Kevin," based in Dubai. ^[4]

Governance details remain limited, but the team operates with autonomy under the framework established during incubation by Binance Labs, now YZi Labs. ^{[5] [2]}

Funding & Investors

UXUY has successfully raised $10.2 million in funding through Seed and Pre-Series A rounds, attracting investors like YZi Labs, KuCoin Ventures, Bixin Ventures, GSR, and CMS Holdings. ^{[3] [4]}

As of early 2025, UXUY reported differing user engagement metrics, with estimates ranging from 1.5 million onboarded users via the Telegram wallet to over 4 million active users across its platform. ^[5]