The evil old lady has recently been looking at new perp DEXs, and edgeX is her favorite one.
1. First of all, edgeX is incubated by Amber Group, and the team members include a bunch of people from Goldman Sachs, Morgan Stanley, and CEX.
2. edgeX has been operating for just a year, and its growth in the new generation of Perp DEXs is very fast, especially in terms of depth, fee income, speed, and trading volume. It has been performing well in the Korean community, and the evil old lady has been lurking in their TG group for a long time.
3. The depth for Bitcoin and Ethereum is very good, ranking among the top in perp DEXs. At first, when people said this, I honestly didn't believe it, but they pulled up the order book data for me, showing:
4. Initially, there was no advantage in fees compared to others, but two weeks ago, they lowered the fees and also compensated some users who had previously paid higher fees with some points.
Without large-scale "token issuance expectations," both trading volume and fee income have grown well, indicating that there is a user base, which is different from the trading volume generated by zero fees. Additionally, yesterday, the 24-hour trading volume exceeded $1 billion, and the trading volume is increasing.
5. The treasury eLP has implemented dynamic hedging, significantly improving capital utilization and risk management. I haven't looked into this in detail yet, but I can write a separate article next time to discuss the advantages.
6. In the long run, edgeX will also upgrade from the current perp app to a high-performance financial chain.
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