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In the field of cryptocurrency, derivatives trading has always been one of the most lucrative businesses. However, a new decentralized exchange (DEX) called edgeX has recently disrupted the industry landscape, attracting widespread attention.
The exchange, which was established only a year ago, has surpassed well-known public chains like Ethereum and Base in terms of revenue within 24 hours. When the time span is extended to a week, edgeX's performance is even more remarkable, with its revenue exceeding that of established DeFi projects such as Uniswap, Jupiter, AAVE, and Lido. It is worth mentioning that edgeX is one of the few projects among the top 15 in daily revenue rankings that has not yet issued tokens, while providing the best liquidity for BTC and ETH perpetual contract trading within the 0.01% price difference range.
So, what has enabled edgeX to achieve such remarkable growth in such a short period of time? Unlike the well-known Hyperliquid in the industry, edgeX adopts a zero-knowledge proof (ZK)-based architecture. The project is incubated by Amber, and its core team members come from institutions like Goldman Sachs and Jump Trading, which have extensive experience in high-frequency trading.
The product model of edgeX resembles a 'full-stack on-chain financial base'. In addition to perpetual contract trading, it also includes eStrategy (treasury) and the edgeX chain as two additional product lines, creating a complete ecosystem. This comprehensive product strategy may be one of the key factors behind its rapid rise.
The success of edgeX is not only reflected in its innovative technical architecture and comprehensive product line but also directly evident in its significant revenue growth. By comparing the revenue data of various projects in the perpetual contract trading sector, we can clearly see edgeX's advantages. This rapid growth trend has also sparked extensive discussions and expectations within the industry regarding its future development.
With the continuous development of the cryptocurrency market, the emergence of innovative projects like edgeX will undoubtedly drive the entire industry forward. However, investors and users must remain cautious when participating in these emerging platforms and fully understand the associated risks.