London, 30 October 2025 - DeFi trading and Web3 infrastructure provider Kana Labs announced its official rebrand to Xyra Labs today, marking a major evolution to solidify its position as a high-performance, decentralized trading platform. The shift, effective immediately, focuses on delivering a CEX-grade trading environment on-chain, complete with gasless transactions, keyless smart accounts, and familiar user interface "themes" to bridge the usability gap for professional traders transitioning from centralized exchanges (CEXs) and new users migrating from the traditional finance background.

The rebrand to Xyra Labs signals a sharpened commitment to bridging the gap between traditional finance and Web3. The company has already demonstrated significant traction by pioneering true cross-chain interoperability between non-EVM and EVM blockchains such as Solana, Aptos, Ethereum, BSC, Polygon, Base etc and developing a proprietary Gas Station infrastructure, the Xyra Paymaster, which powers over a million daily sponsored transactions for 100K+ users. Xyra’s core focus is to eliminate the technical friction that has long hindered mainstream crypto adoption, making sophisticated DeFi accessible to everyone.

Redefining decentralized trading infrastructure

The timing of this evolution is crucial, responding to a growing demand for decentralized platforms that can match the speed and functionality of their centralized counterparts without compromising on security or transparency. Xyra Labs is positioned to capture this market by merging the efficiency of traditional CEX-grade order-book systems with the full transparency of on-chain execution. This approach is best exemplified by the flagship product, Xyra Perps.

Xyra Perps is the first fully on-chain CLOB-based perpetual futures trading platform on the Aptos blockchain. In just 100 days, the platform rapidly exceeded $1 billion in cumulative trading volume, attracting over 30,000 unique active wallets and demonstrating both strong product-market fit and user trust. The platform offers advanced features like Hedge Mode that allows simultaneous long and short positions which was previously limited to centralized exchanges. Furthermore, the platform even features on on-ramp deposit feature directly integrated into the platform enabling even new users to instantly get started on their trading journey instead of sharing personal details to create a trading account and waiting for days to get their funds transferred from banks to trading account which is a first in DeFi, providing an instantly familiar and comfortable trading experience for habitual CEX and TradFi traders.

Xyra's comprehensive ecosystem also includes its high-performance Cross-Chain Swaps with intent-based routing, facilitating real-time, capital-efficient token swaps across multiple blockchains. The company’s infrastructure has helped many dApps onboard and retain more users boosting their user activity and processed over 300 million sponsored transactions to date, while its aggregated ecosystem traction boasts 35,000+ monthly active wallets and $30 billion in cumulative trading volume. By combining core products with its Web3 education hub, Xyra Learn, the company is setting the stage for responsible, informed participation in decentralized finance.

Visit xyra.trade and experience the future of DeFi trading.

About Xyra Labs

Xyra Labs is a next-generation DeFi platform offering perpetual futures, seamless cross-chain interoperability and decentralized trading infrastructure. It combines B2C and B2B offerings, including liquidity aggregation, cross-chain swaps, SDKs, APIs, and widgets, into a cohesive ecosystem for effortless interaction across multiple blockchains. With over 40 ecosystem partners, including SK Telecom and Lotte Group, Xyra Labs has raised $4 million from prominent investors like Jump Crypto and Aptos Foundation. The platform's mission is to bridge Web2 and Web3 finance, simplifying access to decentralized finance and providing reliable infrastructure for the next generation of on-chain innovation.