Messari Research •
March 4, 2026 at 17:00 •
Analysis
edgeX closed Q4 2025 with $4.5 billion in perpetual trading volume, $352.9 million in TVL, and over 181,000 cumulative users, demonstrating platform resilience despite October's $19 billion market-wide liquidation event. The quarter also marked the launch of spot markets on the EDGE Stack, edgeX's app-specific execution layer, alongside the introduction of MARU, a community memecoin that generated $582 million in spot volume within its first week. Looking ahead, edgeX is targeting the end of Q1 2026 for the EDGE token TGE, with RWA perpetuals, prediction markets via Polymarket, and third-party market integrations on the roadmap....
