Ave.ai Integrates edgeX’s PerpDEX for On-Chain Perpetual Contract Trading

Ave.ai now offers Android users direct access to edgeX-backed perpetual contracts via edgeFlow, with iOS and web rollout planned.

133d ago

Summary

Ave.ai has integrated on-chain perpetual contracts through edgeX’s edgeFlow open liquidity network as of October 31. The update allows Android app users to trade directly via edgeX-backed PerpDEX, with iOS and web versions expected in subsequent releases. The move advances Ave.ai from a multi-chain spot aggregator to a unified platform supporting both spot and derivatives trading, maintaining full on-chain execution for transparency and security.

Terms & Concepts

Perpetual Contract: A type of derivative in cryptocurrency trading with no expiration date, allowing traders to hold positions indefinitely while paying or receiving funding fees.
On-Chain Execution: A process where all transactions and trade settlements are conducted directly on the blockchain, ensuring transparency and verifiability.
Open Liquidity Network: A decentralized network that aggregates liquidity from multiple sources, enabling more efficient and accessible trading.