Carbon is an on-chain perpetual derivatives exchange that rebranded from IntentX in 2025, adding new architecture, interface, and positioning to become a self-custodial prime brokerage terminal for crypto perpetuals and real-world asset CFDs. Carbon's Twitter Score is 75 out of 1000 (a Good rating) as of August 2026, ranking #10,936 (top 5%) among 483,914 tracked accounts.
Carbon was founded by Levy and Roux, and previously operated as IntentX, which launched open beta on November 15, 2023 and grew to become the largest perpetual futures DEX on Base at that time, reporting more than $1.2 billion in total trade volume by March 2024. IntentX raised a total of $4.3 million across a $2.5 million seed round and a $1.8 million strategic round. The 2025 relaunch as Carbon went beyond a simple rename, introducing a redesigned product that positions the platform as a single terminal for trading crypto perpetuals alongside real-world asset CFDs spanning stocks, forex, indices, and commodities. Carbon is affiliated with SYMMIO and is distinct from Carbon DeFi, a separate Bancor-affiliated protocol.
Carbon supports trading across 650 or more pairs with up to 75x leverage and zero fees. Its Carbon Zero campaign helped push total trading volume past $1 billion. Carbon also runs a Momentum points program that rewards traders, with airdrops.io noting no token has been announced yet, though accumulated points may factor into a future distribution. Carbon has attracted backing from Mantle EcoFund, Magnus Capital, Orbs, Selini Capital, Kronos Research, Manifold Trading, Mirana Ventures, Agnostic, and Prismatic Capital. Carbon has published 1,264 posts and has been mentioned by 21 accounts a total of 83 times.
Who follows Carbon on X?
The accounts that follow Carbon include 182 founders, 50 angel investors, 206 influencers and 12 VCs, among them smolting wassie, verse, Zhu Su, Loomdart, Murad, DeeZe and John Wang.