# edgeX Perps Revenue Methodology

## 1. Overview

The portion of fees retained by edgeX Perps, as determined by its take rate, is measured as revenue. This metric is utilized to show how much is earned by the project from selling its perpetual trading services, before cost of revenue, token incentives, and operating expenses. Trading fees are collected across different venues and are split between supply-side participants and the protocol treasury. The protocol's share of these fees is aggregated to represent the net earnings of edgeX Perps.

## 2. Data sources

- **External data**: Off-chain daily fee and revenue data feeds from the edgeX public REST API, covering StarkEx and EdgeChain

## 3. Step-by-step calculation

### Component A: edgeX Perps API data ingestion

- **Purpose**: To ingest daily fee and revenue data for edgeX Perps
- **Logic**: Daily fee and revenue values are retrieved from the edgeX public REST API for both V1 (operating on StarkEx) and V2 (operating on EdgeChain) venues. Daily timestamps, fee amounts in USD, and revenue amounts in USD are extracted from the raw API response.
- **Key fields**: `timestamp`, `fee`, `revenue`

### Component B: edgeX Perps deduplication and validation

- **Purpose**: To ensure data integrity and select the latest reported values
- **Logic**: The ingested records are grouped by daily timestamp and venue. In cases where multiple records exist for the same day and venue, the latest record is selected based on the insertion timestamp. If multiple records share the same insertion timestamp, the record with the highest fee and revenue values is retained to prevent underreporting.
- **Key fields**: `inserted_at`, `fee`, `revenue`

### Component C: edgeX Perps revenue extraction and normalization

- **Purpose**: To normalize and aggregate the final revenue metric
- **Logic**: Revenue is extracted from the validated daily records as the protocol's share of fees. The values are cast to high-precision numeric formats and mapped to the edgeX Perps product. Missing days in the time series are filled with zeros to ensure a continuous daily record.
- **Key fields**: `revenue`, `timestamp`, `chain_id`

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

fees * take_rate (illustrative — revenue is observed directly per project, not derived from take_rate)

Fee revenue retained after supply-side payouts. Before cost of revenue (e.g. L2 DA fees) and before operating expenses.

Revenue

Derivative exchanges

edgeX is a high-performance decentralized perpetual futures and spot trading platform incubated by Amber Group, combining an off-chain matching engine with on-chain settlement. Its original venue ran on StarkEx zero-knowledge rollups and wound down in August 2026. edgeX V2 is a full rebuild on EDGE Chain, an application-specific Arbitrum rollup that settles to Ethereum, using Circle's CCTP for native USDC deposits and reaching a peak throughput of 300,000 orders per second at sub-100 millisecond order latency.

edgeX Perps

Revenue

Revenue

Chain breakdown