edgeX

edgeX receives a C+ risk grade (42/100) from Hindenrank, where lower scores indicate lower risk. Moderate risk — impressive volume numbers but likely inflated by farming incentives, and the pre-token status means unproven tokenomics and governance A mobile-first perpetual futures exchange offering up to 100x leverage on crypto, US stocks, and prediction markets. It reports $437M in deposits and $167B in monthly volume. Its C+ grade reflects concerns that most of that volume may be fake wash trading driven by its pre-token incentive program.

The key risks identified for edgeX are: (1) The XP reward system pays people based on trading volume. This incentivizes wash trading. When the token eventually launches and rewards stop, volume and deposits could drop 60-80% (2) The matching engine runs off-chain. If it crashes during a 10% market move, your 100x leveraged position cannot be closed but can still be liquidated, potentially wiping your account (3) The token launch has already been delayed once. If it is delayed again or launches at low value, the XP points you farmed could be worthless and depositors will flee

edgeX scores 42/100 across eight risk dimensions: Mechanism Novelty: 3/15, Interaction Severity: 10/20, Oracle Surface: 5/10, Documentation Gaps: 4/10, Track Record: 6/15, Scale Exposure: 5/10, Regulatory Risk: 3/10, Vitality Risk: 6/10. The highest risk area is Vitality Risk at 6/10.

Among 53 rated Derivatives protocols on Hindenrank, edgeX ranks #35 by safety (lowest risk score = safest). Its 42/100 risk score and C+ grade place it in the middle tier of Derivatives protocols.

edgeX scores 6/15 on the Track Record risk dimension, indicating some history of security incidents or exploits. Higher scores reflect more severe or frequent incidents. Review the full risk report for details.