Imagine turning the high-stakes world of crypto trading into a live esports spectacle. That's exactly what's happening with ETH PERPSWICK, a fresh concept that went from idea to reality in just two weeks. Hosted by EdgeX, this is the inaugural live trading competition focused on ETH perpetual futures, set to unfold in New York City.

For those new to the term, perpetual futures—or "perps"—are derivative contracts in crypto that let traders speculate on asset prices without an expiration date. Unlike traditional futures, they use funding rates to keep prices aligned with the spot market, making them a favorite for leveraged trading in DeFi.

The event, dubbed "Unemployed Trading Competition" in its vibrant setup, promises an electrifying atmosphere where top traders go head-to-head. It's all kicking off tonight, with a livestream available for global viewers.

Rui from EdgeX shared the excitement on X, highlighting how this blends perp trading with esports energy. The competition features some of the sharpest minds in DeFi, including Arnav (@0xArnav), artsch00lreject (@artsch00lreject), Avi (@avizurlo), sorryplato (@sorryplato), realityobserver (@reaIityobserver), Charco (@charcoonchain), Foks (@ExaltedFoks), VelvetMilkman (@VelvetMilkman), Elder_DT (@Elder_DT), Prodzy (@1xprodz), Maxwell (@maxmaximalism), Saurya (@SauryaRebirth), and thatdegenvc (@thatdegenvc).

Co-hosts include DeFiDave (@DeFiDave22), Bonecondor (@Bonecondor), ExaltedFoks (@ExaltedFoks), and Rui himself. EdgeX handles the perp side as the DEX platform, while Polymarket powers the betting markets where you can wager on your favorite trader. The livestream is hosted by 0xLTR (@0xLTR), ensuring smooth commentary and coverage.

If you're in NYC, the in-person spots are already snapped up via the event page. But don't worry—the livestream lets anyone tune in and subscribe for updates.

This event isn't just about trading; it's a step toward making DeFi more engaging and community-driven, much like how meme tokens thrive on hype and participation. With Polymarket's betting adding another layer of thrill, ETH PERPSWICK could spark a new trend in crypto entertainment.

Community reactions are buzzing, with comments calling it "peak DeFi entertainment" and expressions of excitement from attendees. As the crypto space evolves, initiatives like this bridge the gap between trading desks and spectator sports, potentially attracting a wider audience to blockchain tech.

Stay tuned for updates on the winners—Polymarket resolves by November 10, 2025, based on EdgeX's official announcement. Whether you're a seasoned trader or just curious about perps, this is one to watch.