Bring 3 cups water to a boil in a medium saucepan. Remove peas from pods (if using unshelled edamame pods). Add edamame to boiling water and cook 5 min. Reserve 3/4 cup liquid. Drain and rinse edamame with cold water.
Purée edamame with garlic, soy, vinegar, honey and wasabi in a blender. Add reserved liquid while blending until mixture is smooth and creamy. Cool. Serve with cut vegetables or rice crackers.