EMDX is a protocol that is built on the Avalanche blockchain and a decentralized derivative exchange that offers a One-Stop Shop for users to access highly liquid derivative products, including perpetual contracts, futures, and spot products. The platform has a user-centric approach and aims to make professional-grade products understandable and accessible to investors of all levels of sophistication. EMDX's core goal is to expand crypto financial products linked to traditional assets, particularly in emerging markets where there is a lack of proper trading solutions and products. The platform has already listed Perpetual Swap products for BTC/USDC, ETH/USDC, and AVAX/USDC on top of the Avalanche network and plans to make other blockchains available in the near future. EMDX is also creating a market designed to be compliant with exchanges' main financial regulations by implementing Avalanche's subnets technology, which allows for horizontal blockchain scalability and makes regulatory compliance manageable. Through subnets, EMDX will provide a CEX-like trading experience with customizable technology, decentralized orderbooks, and conditional orders.

The EMDX protocol leverages the Avalanche consensus mechanism, which enables it to process transactions quickly and efficiently. This consensus mechanism uses a novel approach called Avalanche-X, which enables the network to reach consensus in a matter of seconds. This means that transactions can be processed quickly and efficiently, allowing users to trade assets without having to wait for long confirmation times.

One of the key features of the EMDX protocol is its focus on security. The protocol is designed to be resistant to attacks and exploits, ensuring that user funds are always safe. The platform uses advanced encryption techniques to protect user data and assets, and also employs multi-factor authentication to prevent unauthorized access.

Another important feature of the EMDX protocol is its scalability. The platform is designed to handle a large volume of transactions, enabling users to trade assets without experiencing any lag or delays. This scalability is achieved through the use of a sharded architecture, which enables the network to process transactions in parallel.

Overall, the EMDX protocol is an innovative solution that aims to provide a decentralized exchange for the trading of digital assets. With its focus on speed, security, and scalability, the platform has the potential to become a leading player in the world of decentralized finance. As more users become aware of the benefits of using decentralized exchanges, we can expect to see even greater adoption and growth in the future.

The data provided by Flipside has been used to handle this analysis.

• In this investigation, first of all, the performance of the EMDX protocol has been investigated.
  • Metrics-> Total interactions, total users, paid fee, average transaction per user, average user per day and attraction of new users
• After that, the liquidation and events on the EMDX protocol have been analyzed.
  • Metrics-> Total liquidation and liquidated traders, Liquidation fee, Most used events on the EMDX platform
• The next tab indicated the early staking of the EMDX token and airdrop of this token:
  • Staking-> Total stakes and unique stakers, volume of stake in EMDX, Claimed reward in EMDX
  • Airdrop-> The airdrop claimers, volume of claimed airdrop, average and median of claimed volume
• Finally, the user analysis related to the EMDX platform has been performed:
  • Metrics-> Retention of users, Distribution of users by age of wallets and their activity on EMDX and Crossover with other projects/platforms on the Avalanche