🧐 edgeX @edgeX_exchange is going live in less than a week, and there has been a lot of market discussion recently. I want to ask everyone what they think about its TGE valuation?

Currently on Binance Pre-Market, $EDGE has launched with a trading volume of $150 million + a 102% increase, stabilizing at $700 million. The majority of people on Polymarket voted with their money to give an estimated figure of over $500 million for its FDV;

So the question arises: as one of the only two unlaunched DEX projects currently ranked in the top five, is edgeX really worth this money? Is $500-700 million expensive?

Many people have recently been paying attention to this topic, partly because the DEX space still has a strong narrative and partly because many have received some points;

Including myself, I started early and now have over 3000 points as a base, so I am quite concerned about how much it can be sold for.

1️⃣ The second half of the Perp DEX race!

In principle, the Perp DEX race has already entered its second half!

Of course, because this is a necessity, everyone has such great enthusiasm,

but the early land grabbing and point-farming models have made everyone a bit aesthetically fatigued with Perp DEX, since most DEXs are imitating single-point advantages and hoping the heat of the track will carry them up.

Then after launching, many people stop using it once the token incentives disappear, making it hard to maintain later.

2️⃣ The future DEX might be the global trading entrance!

But actually, it is no longer the era of Dydx; we need multi-dimensional products to serve us,

so I have said before: whoever can do well in trading experience + asset richness + fund settlement system + user entrance will be the next generation trading platform.

edgeX stands out in this regard as it tries to do all four things at once: multi-assets (Crypto / stocks / commodities / prediction markets), native USDC settlement (not bridge assets), trading costs close to CEX, and it is an App entrance rather than just a web + wallet plugin.

So edgeX is not creating a DEX; it is creating a trading entrance, which is very important.

3️⃣ About this TGE market valuation!

Many people may know edgeX because of Amber Group's incubation and Circle Ventures' investment. The TGE is essentially the market's first pricing of edgeX as a "trading infrastructure."

👉 Additionally, recently they have been doing an activity to deposit USDC (capped at $30 million, annualized 10%), which is, to some extent, testing the ability to attract deposits and the users' trust level. This is actually an important indicator of the long-term value of a trading platform.

🔗 The link is here: https://pro.edgex.exchange/native-usdc

As for the current market pricing of $500-700 million, there is no standard answer,

If treated as an ordinary DEX, it may be considered expensive; if treated as a leading Perp DEX platform, it could be in a reasonable range; if the market sees it as an on-chain exchange platform token model, the valuation may not be high.

Discuss the price you are expecting!

I also want to see how much my 3000 points can get me~!

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