Perpetual DEX edgeX reschedules token launch amid market uncertainty

Decentralized derivatives exchange (DEX) edgeX, which operates in the same space as more prominent players like Hyperliquid and Aster, has rescheduled its token generation event (TGE) for a later date, specifically March 31, 2026.

The announcement was made during a December 29 community call hosted on Telegram, where co-founder KF.edge and other team members outlined an ambitious roadmap of product launches scheduled to take place before the TGE.

The edgeX team cited market conditions as part of their reasons for moving the date of the TGE.

On Telegram, someone asked the team if they would delay again if the market worsened in February, to which team member Shun stated that from the company’s standpoint, there was “absolutely no reason to further delay the TGE” beyond the March deadline.

The platform currently processes $2.28 billion in 24-hour trading volume with $775 million in open interest, according to data from CoinGecko. The exchange offers 177 trading pairs and has emerged as a competitor in the growing perpetual futures DEX market, where trading volumes have risen considerably thanks to growing institutional interest in decentralized finance, among other factors.

edgeX turns focus to infrastructure ahead of token launch

According to the updated roadmap shared by team member Alan, the platform plans to launch US stock perpetual futures products in mid-January, followed by prediction market offerings later that month.

A block explorer and data dashboard, including buyback transparency features, are slated for early February, with the EDGE chain public testnet expected to open by mid-to-late February.

The TGE will distribute only 25% of the total token supply at launch, and this distribution will be split between points holders and NFT holders. The platform has capped total points at 7,310,000 with no further increases planned.

Pre-TGE trading rewards will be provided separately from the initial 25% allocation, though specific details on these additional incentives remain undisclosed. The NFT allocation percentage will be announced once the TGE date is confirmed.

The remaining 75% of tokens will be distributed through other mechanisms that are yet to be detailed by the team.

The community rides token wave

The platform exclusively listed its community memecoin MARU on December 25.

According to Alan’s Telegram update, MARU withdrawals were expected to open “this week, as early as tomorrow”.

Alan added that “Maru will continue to grow as edgeX’s cultural IP and the community brand of “Trading as eSport.”

Shine.edge, another member of the edgeX team, also stated that MARU withdrawal availability is now scheduled for this week, reemphasizing that the current circulating supply is 30% of the total supply, and 10% of that will be for community allocation, while the remaining 20% will be for liquidity provision.

Shine.edge also stated that “going forward, edgeX will no longer be positioned as a single product Perp DEX. Instead, we will evolve into architecture built around unified margining, unified risk management, and unified liquidity, supporting a wider range of markets and financial applications.”

KF.edge later confirmed that “the first batch of rewards has been distributed,” adding that “a total of 30 million MARU has been allocated to active edgeX users.”

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