EdgeX
Coverage of EdgeX in the Nexus archive.
- EdgeX offers refunds and launches 200,000 USDC bounty after 71% token flash crash
EdgeX is offering refunds and launching a 200,000 USDC bounty following a 71% token price drop caused by 174 addresses flooding a PancakeSwap pool with EDGE token sell orders during low liquidity.
- EdgeX blames ‘external party’ for token crash as ZachXBT alleges insider manipulation
EdgeX attributes a token crash to an external party, while onchain investigator ZachXBT accuses EdgeX insiders of controlling nearly the entire token supply with a minimal float. The decentralized exchange is at the center of allegations involving market manipulation.
- Three young DeFi apps return $100M in revenue to token holders in 30 days
Three young DeFi apps, Hyperliquid, EdgeX, and Pump.fun, returned a combined $96 million to token holders in 30 days. This shift in focus from transaction volumes to real earnings is notable in the crypto community. The return on investment highlights the potential of DeFi applications.
- hyperliquid lost 40% market share in 6 months. the perp DEX wars are just getting started.
Hyperliquid's market share in the perpetual DEX space dropped from over 70% to 28-30% in six months due to centralization concerns, price deviations, high fees, and the JELLY incident. Competitors like Aster, EdgeX, and Lighter are gaining traction with incentives, speed, and ZK-verified execution fairness. Analysts predict long-term success will favor DEXs with provably fair infrastructure over current UX advantages.