Pumpfun changed the on-chain rules, Kaito reshaped the off-chain rules, everyone became busier and busier, yet they don't know what they are busy with, and by the end of the year, they earned less than a stray dog.

If you don't have the talent for dog fighting, I suggest you listen to me: tweeting for airdrops is secondary, the key to getting big results is still to latch onto a project and squeeze it dry, grow with the project, and simply running with it is just like a mcn studio.

To get back on track, let’s talk about the exchange projects I’m focusing on, the usual suspects @Backpack, @Lighter_xyz invested by a16z will be deconstructed later, and today we’ll deconstruct @edgeX_exchange.

➤ What does edgeX do?

Anyone who has a little understanding of the crypto space knows that unfamiliar projects can be checked on rootdata, so you confidently searched for edgeX and found almost no information, and as for financing, there was even less, just this sentence.

❚ edgeX is a high-performance, order book-based perpetual contract exchange incubated by Amber Group.

So you think this is a garbage project without even financing, but in fact, this will make you miss out on a huge opportunity.

❚ edgeX follows the same path as @HypeliquidX, firmly refusing VC financing and also does not have any external payment market makers; simply put, it has all the functions of a CEX, and the speed and performance are similar or better.

➤ Deconstructing edgeX

Looking at the deconstruction, edgeX's infrastructure consists of three parts:

❚ edgeX Exchange

- A mobile DEX that almost covers all professional trading functions of a CEX, trading performance and speed are comparable to top-tier CEXs.

❚ eStrategy

- An on-chain asset management platform that combines on-chain stablecoins with off-chain liquidity-rich products, with an APR of up to 200%.

❚ High-performance Layer 2 public chain

- This is a public chain designed specifically for high-performance trading products, achieving complete self-custody of user assets (not yet launched).

➤ What are the features or advantages?

❚ Terrifying capital-raising ability

- As of now, edgeX has the highest trading volume among perpetual DEXs without issuing tokens.

- edgeX will open its testnet in September 2024, and officially launch in December 2024. So far, it has a weekly revenue of about $600,000, surpassing Uniswap Labs, Base, GMX, etc., which gives it the strongest confidence in refusing all VCs.

❚ Outstanding liquidity depth

- As shown in the accompanying image, edgeX has performed quite well at various price depths, exceeding Backpack and Paradex at high depths (0.1% and 0.3%).

- Without VC backing, its liquidity is second only to hyperliquid and lighter. As edgeX Vault gradually opens, liquidity will further improve.

❚ Extremely high security and privacy protection

- edgeX users' assets are fully self-custodied, only accessible through users' private keys. Moreover, ZK-Rollup ensures that every order is genuine and fair, with no price manipulation or oracle price modification risks.

➤ How to participate

Register and trade to boost transaction volume, or synchronize with similar projects like lighter to increase positions while boosting volume.

❚ In addition, pay attention to more key points for edgeX:

- Mid-May: Launch of Web 2.0, supporting more professional trading functions.

- Late May: Gradually open more strategy vaults, supporting strategies of top trading institutions, allowing users to deposit based on preferences.

- Late May: Support for eLP Vault 2.0, no whitelist restrictions, allowing users to deposit based on personal limits.

- Mid-June: Launch of the high-performance Layer 2 testnet, designed for high-performance trading products.

Finally, returning to the theme, whether you are boosting edgeX or any other project, you must be clear about your goals and direction. Long-term heavy investment is necessary to achieve significant results.