"EDGEN"

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EDGEN is the native Token of the LayerEdge verification protocol, which combines Bitcoin's security and zero-knowledge proofs to build a universal verification layer for Web3. This article will take you deep into the technical background and application value of EDGEN.

LayerEdge (EDGEN), as a general verification protocol supported by Bitcoin security, is launching for the first time through Gate Alpha with a limited-time Airdrop, attracting attention from the cryptocurrency market. This article will quickly introduce you to the core of the EDGEN project and the participation method for the Airdrop.

Gate Research Daily Report: On June 6, this morning, BTC briefly dropped to around $100,500, while its market dominance climbed to 63.9%, marking a new four-year high. ETH saw a sharp decline, breaking below the midline of the daily Bollinger Bands, with the ETH/BTC ratio falling below 0.024 today. ETH's market dominance has dropped to 9.2%. Altcoins also experienced a broad sell-off, with some tokens falling back to cycle lows. Circle surged 168.48% on its IPO debut, with a trading volume of $3.941 billion. Meanwhile, a clash between Elon Musk and Donald Trump triggered sharp declines across both U.S. equities and the crypto market.

Gate Research Daily Report: On June 3, BTC surged and then pulled back, suggesting short-term consolidation may continue. ETH ETF inflows remain strong, with the next key resistance around $2,700. Altcoins showed mixed performance, lacking a unified narrative. Pendle’s cumulative trading volume surpassed $50 billion, with TVL reaching $4.43 billion. Global public companies made a net purchase of $196 million in BTC last week, with MicroStrategy increasing holdings for the 8th consecutive week.

LayerEdge is a universal verification protocol for multi-chain ecosystems, combining Bitcoin security and zero-knowledge proof technology, providing efficient and tamper-proof on-chain and off-chain state verification capabilities, and is becoming the trust engine of Web3.