LEVR Bet Announces Multichain Launch of Sports Betting With Leverage on Avalanche, Monad, Hyperliquid
San Jose, Costa Rica, January 22nd, 2025, Chainwire
Enabled by LayerZero, LEVR Bet to Host Live Wagers for Super Bowl LIX
LEVR Bet, the world’s first Decentralized Leveraged Sports Book Exchange, today announces the launch of its leverage sports betting platform on the newly upgraded Avalanche C-Chain and further planned deployment on high-performance L1 Hyperliquid as well as Monad Mainnet.
Enabled by LayerZero technology, LEVR Bet is executing a multichain launch to serve users in the rapidly growing sports betting market. During its Preseason Beta launch, LEVR Bet will allow users to bet with play credits during the NFL playoffs and NBA regular season while getting community rewards, beginning with the NFL’s Conference Championship games on Sunday, Jan. 26. Actual wagers with real USDC payouts are expected to be supported in the coming months.
“We’re excited to get users betting with actual rewards on the line. The thrill of leverage sports betting is unmatched in the betting world,” says Mr. Blue, Founder of LEVR Bet. “We’re thankful for Avalanche, who were able to help us roll out early features for our users to get the excitement going for the NFL playoffs. And we’re stoked to deploy the full version with USDC payouts once Hyperliquid and Monad launch.”
Following the Avalanche9000 upgrade, transaction fees on the C-Chain were reduced by 96%, while deployment costs dropped by 99.9%. LEVR’s platform benefits from low fees, near-instant transaction finality, and Avalanche infrastructure capable of handling high-volume betting activity. With high-speed confirmation times and minimized network congestion, Avalanche is uniquely suited to support in-game betting where speed and finality are critical.
High-performance EVM-compatible L1 Monad has the demonstrated capacity for 10,000 transactions per second with one-second block times and single-slot finality. LEVR Bet took third place at the inaugural Monad Madness in Fall 2024 and was featured as a “Dapp To Watch Out For” at Token2049 in 2024. The Sports Book Exchange will launch on Monad mainnet as soon as it goes live in 2025, and is already being tested on Monad Devnet.
Hyperliquid is building on the progress from its recent genesis event, sharing value with nearly 100,000 dedicated members of its community. The Hyperliquid L1 blockchain is designed to optimize the performance of its namesake decentralized perps exchange, offering processing of up to 100,000 orders per second, with block latency of less than 1 second. LEVR Bet will deploy on Hyperliquid once its EVM component is live.
LEVR Bet’s multichain launch comes as the greater betting world braces for the NFL Super Bowl, which is consistently one of the world’s biggest betting events. In 2024, the Super Bowl drew over $23 billion in bets from 68 million adults, numbers that typically increase each year. LEVR Bet plans on expanding its professional sports offerings and offering esports in 2025.
LEVR Bet pioneers the concept of leverage sports betting, marrying the best features of sports betting with Decentralized Finance. Using a Perpetuals Order Book DEX interface with oracles that provide real-time betting odds from the top sports books, LEVR Bet allows users to adjust their positions in-game for both potential risk and reward, a feature unavailable in conventional sports betting platforms and is made possible with blockchain technology.
LEVR previously closed a $2 million pre-seed funding round led by Third Earth Capital and Kobol Fund with backing from Hyperithm, Big Brain Holdings, Varys Capital, Dewhales Capital, FunFair Ventures, Chorus One, L2 Iterative Ventures, Avalaunch, and others.
Users can join the Preseason Beta action on LEVR Bet, for the chance to wager credits on the NFL Conference Championships, opportunities to earn community rewards, and boost incentives by climbing the leaderboard, at: https://app.levr.bet/
About LEVR Bet
LEVR is the world’s first Leveraged Sports Book Exchange, integrating the best features of sports betting with on-chain perpetual trading, aimed at delivering an unmatched Decentralized Finance experience that is a first in both sectors. LEVR is set to transform the sports betting landscape by introducing an unprecedented feature set of leveraged bets, improved odds, and in-game orderbook-based exchange.
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