EVEDEX

EVEDEX is a hybrid cryptocurrency exchange that combines features of both centralized (CEX) and decentralized exchanges (DEX) to offer perpetual futures trading. The platform is built on its own Layer 3 blockchain called Eventum, which utilizes the Arbitrum Orbit framework, to provide fast, low-cost, and gasless transactions secured by Ethereum.

The company was founded in 2023 and officially announced on June 1, 2024. The platform's chairman is Thomas Kralow, a crypto trader and influencer who overcame a challenging upbringing in Latvia and a move to the United States to become an entrepreneur. His background in trading and focus on community building through social media were instrumental in the company's formation. The testnet for EVEDEX launched in the fourth quarter of 2024 with over 34,000 participants.

EVEDEX operates on a hybrid model, using an off-chain order book for high-speed trade matching—capable of up to 10,000 orders per second—while settling transactions on-chain for transparency and security. This non-custodial approach means users retain full control of their funds in their own wallets, which are secured in smart contracts. The platform also implements Account Abstraction (ERC-4337), allowing for features like account recovery, two-factor authentication, and paying transaction fees in various tokens.

The business model targets both novice and experienced traders. It generates revenue from trading fees, offering up to 50% cashback through a gamified loyalty program where users earn experience points and level up. Additionally, it features an extensive affiliate program with up to 60% lifetime commissions to incentivize user acquisition. Future plans include the launch of a comprehensive educational center called EVEDEX Academy, copy trading, and debit cards.

Keywords: perpetuals exchange, hybrid exchange, decentralized exchange, DEX, Layer 3 blockchain, Arbitrum Orbit, crypto trading, self-custody, non-custodial, off-chain order book, on-chain settlement, perpetual futures, Account Abstraction, gasless trading, Thomas Kralow, high-throughput trading, crypto derivatives, EVM+, Eventum L3, affiliate program, gamification, copy trading, financial ecosystem, DeFi, Web3