LayerEdge price

PANews reported on June 2 that Gate will launch spot trading at 18:30 (UTC+8) on June 2. Staking EDGEN mining will be launched from 20:00 on June 2 to 20:00 on June 9 (UTC+8), and you can share 7,500,000 EDGEN tokens for free by staking GT, BTC, ETH to participate in the Launchpool. Among them, the GT mining pool is expected to have an annualized rate of 16.70%, the BTC mining pool is expected to reach an annualized rate of 10.01%, and the ETH mining pool is expected to reach an annualized rate of 10.4%.

PANews reported on June 2 that according to the Huobi HTX announcement, Huobi HTX has opened EDGEN's deposit service at 12:00 (GMT+8) on June 1. EDGEN/USDT spot trading will open at 18:30 (GMT+8) on June 2. EDGEN's withdrawal service will open at 12:00 (GMT+8) on June 4. It is reported that LayerEdge is a decentralized verification layer, which is based on the Bitcoin network, supports scalable, cost-effective and secure zero-knowledge proof verification, and aims to serve as a general infrastructure layer for verifying off-chain computation, building a stable and scalable security model through a multi-layer security architecture. With this hybrid security model, LayerEdge maintains Bitcoin-level security while avoiding its limited throughput.

Another week in crypto.. time for a roundup that actually matters. Been digging through the noise so you don't have to.. --- ➔ Airdrops: My quick observations: - Privasea did their TGE on May 14 with a 1,458% pump. They're targeting ImHuman app users with 400+ stars. 40M $PRVA allocated for future airdrops. - LayerEdge ( $Edgen) token deployment just happened. Points conversion coming soon. One to watch. - MagicNewton ( $NEWT) raised $80M+ with Q2 TGE targeting $2.5 launch. Interesting play if you're already in their ecosystem. - Monad testnet worth your time - Discord roles matter (Full Access = 5x more tokens) and they're tracking actual usage, not just signups. - Eclipse (L2 combining $SOL speed/ $ETH security) - bridge, convert wETH to tETH, mint NFTs if you're positioning for May/June TGE. --- ➔ DeFi Alpha: Some interesting yield opportunities out there: - dTRINITY on Fraxtal/Sonic offering 45% for dUSD Supply and up to 70% for sUSDe/dUSD leverage. Using yield-bearing reserves to back these rates. Triple audited, so not your average yield trap. - Pendle launched new pools but caution advised - USD0++ from Usual Protocol de-pegged to ~$0.92. Even established protocols have issues. - Exponential 'YO' yield optimizer showing promise across Base, ETH, and Solana. yoETH on Base doing 12.3% 30-day APY for essentially passive yield. ➔ Ecosystem shifts worth noting: - Solana now #2 in DeFi TVL (~$10.9B), flipping many ETH L2s. Raydium's TVL up ~78% in a month. - Tron continues surprising - TVL jumped to 24.2B TRX (~$6.6B) this week. Chainlink oracle integration on May 16 opens up more use cases. - Solana fees hit $43M (30d) vs ETH's $24.9M base fees - actual usage, not just TVL farming. --- ➔ Trading Setups If you're looking for actionable trading ideas: - $SEI showing signs of a potential move - technical targets at $0.30, with $0.50-$0.70 possible if momentum continues. - $HBAR seeing increased whale activity worth monitoring. - $BTC holding Tenkan support around $99,500, trading $105-110K all week. Classic consolidation pattern. ➔ Unlock calendar to keep in mind: - WhiteBIT ( $WBT) unlocked 39.5M tokens (~$1.19B, 27.41% of supply) on May 13. - $ARB unlocked 92.65M tokens (~$42.3M) on May 16. - $AVAX unlocked 1.67M tokens (~$41.5M) on May 17. These create predictable volatility patterns worth trading if you understand the project fundamentals. --- ➔ Market Context: BTC steady ~$103-106K, total crypto mcap around $3.31T. Market taking a breather but structure remains constructive. ➔ Regulatory developments: - SEC tokenization roundtable on May 12 had Chair Atkins signaling a move away from "regulation by enforcement" toward actual guidelines. Positive shift. - BlackRock pushing for ETH ETF staking with SEC. If approved, would transform ETH ETFs into yield-generating assets (est. 3.2% annual). ➔ Macro: - April CPI at 2.3% (YoY) - lowest in 4+ years. PPI down 0.5%. - Powell remained cautious in his May 15 speech. Market wanted rate cut hints but didn't get them. ➔ ETF flow data: - Bitcoin ETFs: +$142.3M (week of May 5-9), global +$867M (ending May 10). - $ETH ETFs showing mixed performance - some inflows but overall net outflows YTD. - $Sui ETPs pulled $11.7M (week ending May 10) and $84M YTD, outpacing Solana's $76M YTD. --- ➔ Whale Movements: Some notable on-chain activity this week: - Whale bought $179M worth of BTC on May 12, coinciding with 18% volume spike. - MicroStrategy added 13,390 BTC ($1.34B at ~$99,856), bringing their total to 568,840 BTC. - Wallets holding 10-10k BTC accumulated 83,105 more BTC (30d) while smaller wallets (< 0.1 BTC) reduced by 387 BTC. Typical pattern. - ETH seeing significant movement: Abraxas Capital accumulated 278,639 ETH ($655M) from exchanges May 7-16, while Galaxy Digital moved 39,834 ETH (~$103.6M) to Coinbase May 14-15. Large players continue positioning while retail gets distracted by short-term moves. --- ➔ Ecosystem Data: The numbers tell an interesting story: 1) Solana metrics: - TVL between $10.9B-$22.1B (sources vary but all show strong growth) - Weekly DEX volume $35.6B (2-month high) - 30-day fee revenue $43.4M (109% month-over-month increase) - 26.5M active addresses (7d) - highest among all chains 2) Base showing strength: - TVL $1.45B-$4.7B (depends on source) - 1M+ daily users, 4M weekly users - Daily transactions exceeding 2.1M ETH Pectra upgrade benefits for L2s still developing but should improve efficiency soon. Solana challenging ETH L2s is the unexpected narrative shift, with numbers backing it up. Base leveraging Coinbase's distribution is proving effective. --- ➔ Narrative Watch: Current trends worth positioning for: - AI + Crypto maturing beyond hype. ASI Alliance (FET + AGIX + OCEAN merger) coming soon. Bittensor (TAO) halving and Akash (AKT) network upgrades worth monitoring. - RWA & DePIN gaining institutional attention. Tokenized treasuries approaching $7B, with DePIN projected for significant growth. - L2 competition intensifying with Starknet Stage 1 launch and Pectra upgrade benefits. Base's adoption growth continues to surprise. - Altcoin rotation potentially forming as ETH/BTC ratio improves, but BTC needs to stabilize above $100K consistently before broad rotation. We're in a transitional market phase - institutional interest growing, regulation improving, technical innovation accelerating. The key technical level remains $BTC support at $99,500. --- What are you watching this week?