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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.

Gate Research Daily Report: On June 11, BTC edged down 0.02% to 109,603 USDT, slipping back into consolidation after yesterday’s strong rebound and briefly dropping below 109,000 USD. ETH rose 3.00%, currently priced at 2,778 USDT, with the ETH/BTC ratio rising to 0.025 and market dominance increasing to 9.87%. Sentiment in the altcoin market improved as most sectors rebounded, and the Fear & Greed Index climbed to 65. All three major US stock indices closed higher on Tuesday, hitting three-month highs as investors focused on progress in US-China negotiations. Spot gold was reported at 3,339.46 USD per ounce, down 0.5% over 24 hours. Other notable news: Sonic’s cumulative transactions surpassed 100 million; the SEC requested Solana ETF applicants update S-1 filings; and Gate Launchpool launched the new project Fly.trade.

Gate Research Daily Report: On June 10, BTC rose 4.02% to $109,829, staging a strong rebound after a period of consolidation and briefly surpassing $111,000, which boosted market sentiment and may lead to gains in other major cryptocurrencies. ETH followed the overall trend, rising 8.16% to $2,708. Altcoin market sentiment remained high, with most sectors rebounding and the Fear & Greed Index climbing to 64. Spot gold was quoted at $3,307.82 per ounce, down 0.54% in 24 hours. Nautilus officially launched on the Sui mainnet, and Gate HODLer Airdrop introduced a new project, Calcify Tech.

Gate Research Daily Report: On June 9, BTC consolidated around $100,500 with dominance at 63.9%. ETH oscillated near $2,500, ETH/BTC rate stayed low, and ETH's market share slightly rose to 9.27%. Altcoins saw mixed moves as market sentiment cooled. U.S. stocks surged while gold edged down. Hot tokens like KAIA, VICE, and UMA showed strong performance. Nasdaq proposed expanding its crypto index, Uniswap v4 trading volume surpassed $40B, and Australia's first spot BTC ETF holdings kept rising. Gate Launchpool introduced a new GameFi project, YBDBD.