EDGE Crashes 47% on Binance as $2.8M Liquidated in 1 Hour
A single 4-hour candle wiped out nearly half of EDGE's price on Binance and triggered almost $2M in long liquidations, with longs taking roughly 70% of the damage.
edgeX is a decentralized trading platform built around its own application-specific blockchain called EDGE Chain, operating within the Ethereum ecosystem. The platform functions as a non-stop trading layer for global assets, supporting perpetual futures contracts across commodities, equities, and cryptocurrencies, as well as spot markets. It is designed to deliver capital-efficient, self-custodied trading accessible to users worldwide on a continuous basis. The native EDGE token is the utility asset of this exchange-based ecosystem, supporting a platform that aims to bridge traditional and digital asset markets through onchain settlement. edgeX is backed by Circle and integrates native USDC for transaction settlement, connecting global liquidity across multiple asset classes within a decentralized finance framework. The platform positions itself as infrastructure for next-generation trading, combining self-custody with the ability to access diverse markets through a single decentralized interface.
A single 4-hour candle wiped out nearly half of EDGE's price on Binance and triggered almost $2M in long liquidations, with longs taking roughly 70% of the damage.
Ten tokens printed double- and triple-digit April gains led by SKY at +549%, with LUNC reviving and ZEC quietly outpacing the majors on a percentage basis.
edgeX is a 24/7 decentralized trading layer for global assets, offering perpetuals across commodities, equities, and crypto, alongside spot markets.
edgeX (EDGE) is categorised as: Decentralized Exchange (DEX), Exchange-based Tokens, Decentralized Finance (DeFi).
The official edgeX site is https://www.edgex.exchange/en.
Most recent edgeX coverage: "EDGE Crashes 47% on Binance as $2.8M Liquidated in 1 Hour" — read at /en-US/a/edge-plunges-47-in-a-single-candle-liquidations-hit.