A network device such as a network function (NF) entity or an application function (AF) entity in a communication network monitors network traffic for a plurality of peer-to-peer transactions associated with an application, where each peer-to-peer transaction includes communications between a user and a peer in the communication network. The network device also determines a set of geographic locations corresponding to one or more peer endpoints for the plurality of peer-to-peer transactions based on the network traffic, and determines an optimal midpoint between the set of geographic locations. The network device further deploys an edge node in the communication network to serve a subsequent peer-to-peer transaction for the application based on the optimal midpoint.