Decentralized Exchange EdgeX Accumulates $86 Million in Total Value Locked, Boasting a 700% Monthly Increase
In the dynamic world of Decentralized Finance (DeFi), the perpetual trading platform EdgeX has been making waves. After a remarkable month, EdgeX's Total Value Locked (TVL) has soared to an impressive $86 million, marking a staggering 700% increase since the end of June.
This growth indicates a strong upward trend in platform usage and liquidity, influencing wider trading volume positively, although exact volume data was not provided. The surge in TVL suggests that traders are increasingly adopting and engaging with EdgeX's decentralized perpetual contracts.
EdgeX's rapid growth has positioned it among the top derivatives trading projects in DeFi. Notably, it has surpassed Synthetix V3, Aster, and Contango in the DeFi derivatives trading sector. However, it is currently the seventh-largest derivatives trading project, with Solana-based Jupiter, Drift Trade, and multi-chain platform GMX leading the pack. Hyperliquid, a project that leverages a proprietary decentralized network, is also a part of this sector.
The growth of EdgeX can be traced back to its launch of a testnet in July 2024, offering a high-performance perpetual DEX that hosts order books directly on-chain. This innovative approach seems to have resonated with traders, leading to the platform's impressive growth.
Traders deposit USDT and AETHUSDT on EdgeX, a yield-bearing token received after depositing USDT into the Aave V3 app on Ethereum. The TVL of EdgeX remained below $10 million until April 2025, when it doubled to over $11 million. The TVL contribution to EdgeX's growth over the month is 700%.
On July 8, EdgeX's perpetuals trading volume reached the highest level this year, exceeding $500 million. The following day, over 21 million AETHUSDT tokens were deposited on EdgeX, while a record $10.8 million worth of USDT was withdrawn. This activity reflects the increased confidence and engagement from traders using EdgeX.
Fees and revenue figures on EdgeX hit a new record at over $250,000 in July 2022. The TVL of EdgeX was around $13 million at the end of June, demonstrating the platform's rapid growth in a short period. Ethereum-based tokens make up 99% of EdgeX's TVL, followed by Arbitrum and BSC.
The EdgeX team consists of experts from Barclays, Morgan Stanley, Huobi, and Bybit, bringing a wealth of financial and technological expertise to the project. This combination of innovative technology and experienced leadership seems to be driving EdgeX's success in the DeFi derivatives trading sector.
[1] This figure refers to the percentage increase in TVL from the end of June to early July 2025.
- The surge in EdgeX's TVL, coupled with the increasing adoption and engagement of traders, has generated significant interest in the finance and technology sectors, potentially attracting more investors to DeFi.
- The impressive growth of EdgeX, as a top derivatives trading project in the DeFi sector, is a testament to the potential of combining financial expertise from institutions like Barclays and Morgan Stanley with advanced technology in areas like perpetual trading.
