#DEX发展# Looking back at the development of DEX, it's not hard to find some interesting patterns. Early Uniswap rose rapidly due to its innovative model, but it has now been surpassed in revenue by the newcomer edgeX. This change is quite enlightening.

edgeX has surpassed leading public chains like Ethereum and Base in terms of 24-hour revenue within just one year of operation, demonstrating its extraordinary strength. Even more astonishing is that it achieved such results without issuing tokens. This indicates that truly high-quality products do not require excessive marketing packaging; their inherent strength can attract users.

The key to edgeX's success lies mainly in its outstanding trading depth and highly competitive rates. In mainstream trading pairs like BTC/USDT, edgeX's depth is second only to hyperliquid, far surpassing other competitors. At the same time, its maker and taker fees are also significantly lower than the industry average. These advantages have built a solid moat for edgeX.

From historical experience, projects that can rank among the top in terms of network income even before issuing tokens often contain enormous potential. edgeX may become the next DeFi star project. However, we must remain rational and closely monitor its subsequent developments. After all, the blockchain industry is ever-changing, and yesterday's champions can also be overturned overnight.