edgeX has reported a protocol revenue of $2.83 million over the past week, marking 16% of Hyperliquid's earnings. Despite being operational for only half a year, edgeX has already surpassed established blockchains and DeFi projects like Ethereum, Base, Solana, and Lido in terms of revenue. Hyperliquid, which took three years to reach the top four globally, now faces a potential competitor in edgeX.