edgeX: Where Mobile Traders Meet Institutional Liquidity
Summary
Perpetual decentralized exchanges (perpDEXs) have seen massive growth, processing $7.1 trillion in volume over the year ending November 2025, outperforming other DeFi sectors and capturing nearly 60% of the total perpetual futures market share from centralized exchanges (CEXs). This growth is driven by infrastructure improvements enabling orderbook models, which offer superior execution quality compared to older AMM designs. edgeX, incubated by Amber Group, is a leading perpDEX built on a StarkEx L2, known for its deep orderbook liquidity—significantly deeper than competitors like Hyperliquid—and strong traction in Asian markets, with 40% of its volume coming from mobile users. The platform is preparing for a major V2 upgrade in Q1 2026, introducing the EDGE Stack execution layer to support spot markets, prediction markets, and tokenized assets, while also launching a B2B API to position itself as backend liquidity infrastructure. Furthermore, edgeX is preparing for its EDGE token launch, with incentives distributed via a Pre-TGE Season rewarding trading activity and platform engagement.
(Source:The Block)