BlockBeats news, on October 1st, krish, the founder of the trading Bot project Polycule based on Polymarket, announced on the X platform the launch of the prediction platform PMX in collaboration with Meteora. It is reported that the working mechanism of PMX transforms each prediction market into two Tokens. The "YES" and "NO" Tokens are minted and obtain LP pools. As the arbitrage Wallet rebalances prices, the total price adds up to 1 dollar. After the event results are confirmed, the losing Tokens will be dumped to 0, while the holders of the winning Tokens will receive Airdrop rewards. Influenced by this news, the PCULE (now PMX) Token has risen by 43.97% in 24 hours, with a current market capitalization of 22.8 million dollars. On June 8th, Polycule announced that it has secured Alliance.

Gate News Bot report, August 12, according to CoinMarketCap, as of the time of publication, PMX (Primex Finance) is currently priced at 0.10 USD, with a rise of 724.92% in the last 24 hours, peaking at 0.14 USD and dropping to a low of 0.001 USD. The current market capitalization is approximately 7.21 million USD, an increase of 6.33 million USD compared to yesterday. Primex Finance is a non-custodial Prime Brokerage protocol that offers leveraged trading on decentralized exchanges, featuring automated functions similar to centralized exchanges, zero interface swap fees, and access via social accounts. The protocol also provides a liquidity mining program, allowing users to earn up to 100% APR by staking PMX tokens on the Base network. Primex has also launched rewards.