EdgeX: A Hyperliquid Competitor Emerges

EdgeX is a high-performance, orderbook-based decentralized perpetual futures exchange (Perp DEX) launched in 2023, designed to provide a native trading experience similar to centralized exchanges while maintaining self-custody and on-chain security.

Built on Ethereum Layer 2 infrastructure, it emphasizes low latency, reduced liquidation risks through its proprietary pricing system, and support for both mobile and web trading.

As of mid-2025, EdgeX has seen explosive growth, with its total value locked (TVL) reaching $119.1 million (a 977% increase in 30 days) and ranking second in perpetual trading volume behind Hyperliquid, at around $1.17 billion in 24-hour volume.

Backed by Amber Group, a publicly traded blockchain solutions company, EdgeX is evolving from its V1 MVP (a pure Perp DEX) to V2, which positions it as a financial settlement chain for broader DeFi products, enhancing customizability and composability.

Key Features:

• Up to 100x leverage
• Over 60 trading pairs
• Reverse position & close-all positions features
• Sub-account system
• Cross-chain deposit & withdrawal
• Split positions mode & hedge mode
• Self-custodial wallets with email login available

Points System and Airdrop Opportunity

EdgeX operates an "Open Season" points system to incentivize user engagement, which directly ties into its upcoming token airdrop.

Points are earned through activities like trading volume, vault deposits (e.g., USDT), and referrals, with weekly distributions (e.g., 120,000 points across thousands of addresses in recent weeks).

This system has driven significant TVL growth, attracting airdrop farmers and positioning EdgeX as a "Hyperliquid competitor" with long-term engagement focus over immediate liquidity rewards.

The airdrop opportunity involves converting accumulated points into tokens post-Token Generation Event (TGE), rewarding early adopters and active participants.

Speculative valuations suggest points could be worth around $5 each, but this is unconfirmed and depends on TGE dynamics.

Unlike short-term airdrops, EdgeX emphasizes sustained activity, with potential rewards scaling based on trading fees and referrals.

Guide to Earning the Airdrop

To participate in EdgeX's Open Season and maximize points for the airdrop, follow these steps (minimal cost involved, primarily gas fees).

1) Refer Users: Share your referral link; earn 1 point for every 5 points generated by referees.

2) Trade Actively: Execute perpetual trades; points scale with volume (e.g., more trades = more points). Aim for consistent activity to hit weekly snapshots.

3) Deposit Funds: Fund your wallet with USDT or supported assets. Deposit into vaults to earn passive points (higher deposits yield more).

Sign Up and Connect Wallet:

Visit https://pro.edgex.exchange/referral/SISTINE (use this referral link like for bonus points).

Connect a compatible wallet (like MetaMask) on Ethereum L2.

Always DYOR and be aware of risks like smart contract vulnerabilities or impermanent loss in trading.