edgeX will launch its native $EDGE token at 20:30 Beijing time on March 31, 2026, with trading set to begin the same day, marking a major milestone for the decentralised perpetual exchange.
The token has a fixed supply of 1 billion, with 25% allocated to a fully unlocked community airdrop at launch targeting points users and NFT holders, potentially adding early selling pressure.
Pre-market $EDGE perpetuals are already trading on Binance with up to 5x leverage, allowing traders to speculate on price ahead of the token generation event.
The rollout has faced criticism after edgeX disabled comments on its TGE countdown post on X without explanation, raising concerns about transparency around token distribution and allocations.
edgeX has reported strong growth ahead of launch, with daily trading volume reaching $2.28 billion and open interest at $775 million, placing it alongside competitors such as Hyperliquid.
The project’s tokenomics focus heavily on community rewards, with a large portion of supply distributed at launch as the team positions edgeX as a revenue-driven trading platform rather than a yield-focused model.
Despite its traction, the combination of a fully unlocked airdrop, leveraged pre-market activity and limited communication has heightened concerns over potential volatility and investor confidence post-launch.