.@Backpack dumped 90% post-TGE.
Now every upcoming launch carries the "guaranteed crash" label.
@edgeX_exchange $EDGE TGEs on 3/31. @Polymarket gives just 32% odds it holds $700M FDV.
But EdgeX has something Backpack never did: $184M in annualized revenue and $192M in stablecoin reserves.
Time to look at where the fundamentals actually put $EDGE's valuation.๐
Whatโs the endgame for one of cryptoโs top perp exchanges, @edgeX_exchange, doing billions in volume?
EDGE Chain.
A high-performance finance chain where users can trade crypto perps, stocks, commodities and prediction markets all in one place.
Built on the Arbitrum Platform, EDGE Chain combines deep liquidity, reliable infrastructure and the flexibility to define its own market structure.
This is how real economies scale onchain.
What we want to build for traders like ourselves has become clearer with every step of the journey.
When my co-founders and I committed fully to building edgeX two years ago, we were not trying to force a rigid outcome. We were planting a seed. Our goal was never to control exactly what it would become, but to create the right conditions for it to grow: a sustainable environment, a strong foundation, and a warm community that could shape it with us.
Take a look at this article to see what edgeX has become, and what it has the potential to become next.