EdgeX Tops Chains by Fees in 24H Data

EdgeX expanded rapidly during 2025. In April, the platform processed approximately $2B in monthly trading volume. By October, monthly volume reached roughly $137.5B, representing a 6,800% increase over six months.

This growth aligned with rising demand for onchain perpetual products, particularly during periods of heightened market volatility. EdgeX benefited from strong liquidity provision and sustained trader activity throughout the year.

Key Factors Explaining Why EdgeX Tops Chains by Fees

Several factors contributed to EdgeX’s rise in fee generation:

• Deep liquidity pools supporting large trade sizes
• Low execution costs relative to competitors
• Incentive and points programs that increased trading activity
• Focused product design around perpetual futures
• Consistent market-making participation

Together, these elements created a feedback loop where higher volume translated directly into higher fee revenue.

Challenges and Outlook

EdgeX faces increasing competition from other perpetual DEX platforms as trading volumes expand across chains. Maintaining fee leadership requires sustained liquidity depth and consistent trader engagement. Regulatory scrutiny of derivatives platforms may also influence future growth.

Looking ahead, continued demand for onchain perpetuals could support further revenue expansion. Product innovation and risk management will play a critical role in determining whether EdgeX can maintain its position among top fee-generating networks.