Perp is the future and @edgeX_exchange is a part of it.
top 3 of the perp table
Backed by amber group, with $392bn in volume..
+ points system and airdrop incoming
I took a deep dive for you to grasp in 5 mins.
🧵
🔹 Opportunities
If you have been around for a while, you should be familiar with this playbook, HL + lighter pulled.
edgeX has an edge with their mobile-compatible trading app, which puts them on the bench with top CEX.
+ Their points incentive is live and with just 20 weeks in (so you're still probably early)
🔹Statistics
TVL ripped with 500% jump in 4 months.
edgeX accounts for approximately 5.42% of total OI according to DeFillama perp pool.
Annualized Fees seats at: $140.84m
registered usres: 173k
Transaction Throughput: 200k/second
TPS Capacity: 20,000 TPS
🔹 Tldr edgeX
edgeX is a CEX level grade perp DEX with non-custodial architecture using StarkEx rollups, extremely low trading fees (~0.012% maker / ~0.038% taker), transparent pricing via decentralized Stork oracle and Supports 160+ perp pairs, including BTC, ETH, SOL, and memecoins
🔹 comparisons w HL & aster
edgeX is easily part of the top 4 perp DEX raking volune out there, what differentiates them from their competitor like @HyperliquidX and @Aster_DEX .
Product wise it focused on mobile experience at the start, imo that proves the team is not doing just another HL to tag the narrative because its has edge in institution money
🔹 Points program
The protocol’s points program was introduced as the “edgeX Points Alpha Season” in December.
Weekly Points Pool: 150,000 - 300,000 points (varies by network volume stage) adding some layers of gamification, imo this shows team knows how the game is play. not just a web2 like bullshxt project
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