If you’ve been keeping an eye on the crypto world, you’ve probably heard the buzz around Project X (PRJX) lately. This innovative decentralized exchange (DEX) launched on HyperEVM has taken the meme token scene by storm in July 2025. With an impressive $50 million total value locked (TVL) and over $130,000 in daily fees, PRJX is proving it’s more than just a passing trend. Let’s dive into what’s driving this success and why it’s catching the attention of blockchain enthusiasts.

The Big Wins of July 2025

The numbers don’t lie, and PRJX has some jaw-dropping stats to share. Since its official launch on HyperEVM, a general-purpose Ethereum Virtual Machine integrated into the Hyperliquid ecosystem, PRJX hit $40 million in TVL within just three days. By the end of July, that number climbed to a solid $50 million. On top of that, the platform saw over $50 million in daily trading volume and racked up those impressive daily fees. It’s clear this project is resonating with users!

But it’s not just about the money. PRJX introduced a 1 million/day Points Reward System to keep the community engaged and rolled out a seamless liquidity provider (LP) UI with a handy slider-based design. Oh, and if that wasn’t enough, it even got a shoutout from Decrypt as “Uniswap with rizz”—a playful nod to its unique charm in the crowded DEX space.

What Makes PRJX Stand Out?

So, what’s behind this meteoric rise? A big part of it is the ecosystem PRJX operates within. The diagram shared by @0xShadooow on X shows how PRJX connects to key players like HyperEVM, Base (Coinbase’s Layer 2 solution), Lambo, Bobby, HyperCore, and Ethereum. This interconnected network leverages the strengths of each platform, making PRJX a hub for meme token trading and development.

HyperEVM, for instance, offers developers a familiar Ethereum-compatible environment to build decentralized apps (dApps) and issue tokens. Pair that with Base’s scalable and cost-effective Layer 2 technology, and you’ve got a recipe for attracting both developers and traders. Add in the playful vibe of meme tokens like Lambo and Bobby (shoutout to @Lamboland_ and @BOBBYBIGYIELD), and you’ve got a community-driven project with serious momentum.

The Meme Token Magic

Meme tokens are known for their wild price swings, but they also bring a fun, community-focused energy to crypto. PRJX taps into this by blending the speculative thrill of meme coins with the utility of a DEX. The “Uniswap with rizz” tagline hints at a user-friendly experience with a dash of personality—think smooth trading paired with a bit of humor and flair. This combination is pulling in both seasoned crypto traders and newcomers looking to jump into the meme token craze.

What’s Next for PRJX?

With July in the rearview mirror, the team behind PRJX is already teasing “phase 2.” Given the rapid growth and community support, we can expect more features, partnerships, or even new token integrations. If the first month is any indication, this project is just getting started and could reshape how we think about meme-driven DEXs.

For blockchain practitioners and meme token fans, PRJX is a project worth watching. Whether you’re a developer building on HyperEVM or a trader riding the Lambo wave, this ecosystem offers a front-row seat to the future of decentralized finance (DeFi). Stay tuned to meme-insider.com for the latest updates and insights as PRJX continues to evolve!