Skip to content
- EdgeX leads 24h DeFi fees, surpassing Tron and Hyperliquid in perp market activity.
- TVL climbs to $500M before settling near $350M, showing retained user capital.
- Fee spikes driven by high trading volume, new users, and active airdrop incentives.
EdgeX has climbed to the top of the decentralized finance fee rankings. The Ethereum layer-2 network generated the highest 24-hour chain fees in the perpetual futures sector. The rise placed it ahead of Tron and Hyperliquid. The shift highlights growing interest in networks built for high-efficiency trading.
According to Altemis data, EdgeX recorded more than $1.3 million in chain revenue within a single day. Tron followed with about $1.1 million. Hyperliquid posted roughly $1 million in the same period.
Source: Artemis
Major blockchains also appeared in the rankings. Solana, Ethereum, BNB Chain, and Polygon held positions below the top three. Their placement shows how activity is shifting toward specialized trading networks.
EdgeX Records Net TVL Gains Despite Late-Year Pullback
EdgeX’s total value locked increased from nearly $270 million in late October. It moved to slightly above $500 million by mid-November. TVL later declined to around $350 million in December.
The platform still maintained a net increase over the wider period. The rise showed that a substantial portion of capital stayed on the network. It also indicated that user participation remained active.
User costs on EdgeX showed wide swings over the past few months. Costs reached between $3 million and $3.5 million per day in November. They later dropped to nearly $500,000 per day as trading slowed.
Revenue followed the same pattern. It began near $1.5 million per day. It briefly exceeded $2.5 million. It then fell below $500,000 by late December. Revenue later recovered to nearly $1 million by year-end.
Higher trading volumes are responsible for the recent fee rise. It also reflects new user activity and interest around airdrop programs. EdgeX is built for perpetual trading, which keeps activity high on the network.
Also Read: Solana Surges in 2025: $1.5T DEX Volume and $2.39B App Earnings
The project is shifting from a perpetual DEX model to the broader EDGE Chain. It is currently in an open beta phase. A pre-token campaign is distributing weekly XP rewards until the token generation event planned for March 31.
Data from DeFiLlama shows EdgeX’s growth throughout the past year. TVL was flat early in the year. It jumped mid-year and reached just under $500 million in November. TVL then fell to around $356.88 million in early 2026.
Source: DeFiLlama
Annualized Revenue Remains Strong Despite Fee Declines
Fees fluctuated in the same direction. It sharply increased when TVL increased. Between September and November, they hit between $4 million and $5 million. Later, trading became slow; this made fees decrease.
There is an annualized fee of $388.6M. Market turnover is $237.3 million each year. The 30-day trading volume was at $92.7 billion. Open interest is close to $977 million.
The perpetual DEX market has a high degree of competition. Hyperliquid is still in a dominant position. It has lost 45% to 8% share on a short-term spurt on Aster. The spike was defined by analysts as short-lived. They claimed that it was associated with incentives and not long-term user preference.
Both indicate a growing confidence in efficient decentralized exchanges, as witnessed by the steep increases in EdgeX fees. The data points to a surge in activity. The platform ranks well to emphasize its increasing relevance in the DeFi derivatives market.
Also Read: Polymarket Expands Into Real Estate Through Partnership With Parcl Housing Data Platform
