EDGE (Definitive) increased by 22.18% in the last 24 hours.

Gate News Bot news, August 20, according to CoinMarketCap data, as of the time of writing, EDGE (Definitive) is currently priced at $0.71, with a rise of 22.18% in the last 24 hours, reaching a high of $0.91 and a low of $0.37. The 24-hour volume reached $56.5 million. The current market capitalization is approximately $144 million, an increase of $26.2 million compared to yesterday.

Definitive is a cross-chain trading platform that offers advanced trading features. EDGE is its utility token, allowing users to obtain lower fees, priority access to new features, and exclusive rewards by staking EDGE. The platform supports various advanced order types, including market orders, limit orders, and TWAP orders, and integrates native cross-chain bridges and cross-chain swapping functionalities. Definitive also provides a gas-free trading experience, aiming to deliver a convenient trading experience similar to centralized exchanges.

Recent important news about EDGE:

1️⃣ Multi-chain support enhances platform competitiveness The Definitive platform supports multiple EVM-compatible chains and Solana, significantly enhancing its competitive advantage in the advanced trading sector. This cross-chain operation capability provides users with a broader range of asset trading options, helping to attract more traders and increase platform liquidity, which may in turn drive up demand for EDGE tokens.

2️⃣ No gas fee transactions attract user attention The gas-free trading experience provided by the Definitive platform significantly reduces users' trading costs. Especially against the backdrop of currently high gas fees on the Ethereum network, this feature could become a key factor in attracting users, which is beneficial for enhancing platform activity and the usage rate of EDGE tokens.

3️⃣ Token staking mechanism enhances user retention The staking mechanism of the EDGE token offers users multiple advantages, including reduced transaction fees, priority access to new features, and exclusive rewards. This design helps to enhance users' long-term engagement with the platform while also potentially promoting the long-term holding demand for the EDGE token, providing support for the token's value.

From a technical perspective, EDGE has shown strong price performance recently, with a 24-hour rise of over 22%, continuing the previous upward momentum. This sustained price increase may reflect the market's positive recognition of the Definitive platform's functionality and the value of the EDGE token. However, investors should also be aware that such significant short-term gains may pose a risk of correction.

This message is not intended as investment advice; investors should be aware of market volatility risks.