Conclusion: $EDGE EDGE has real revenue and buybacks, but it hasn’t yet proven it can return to growth.
I’ve been researching EDGE lately. What first caught my attention was actually quite simple: it has real revenue, real buybacks, and a valuation that looks very cheap.
EDGE’s cumulative buybacks and burns have now reached 5.09% of its total supply. Over the past 30 days, token Holder Revenue was about $618,000. Based on its current circulating market cap of around $118 million, its annualized value accrual rate is still roughly 6%.
Looking at these figures alone, EDGE even seems relatively “cheap” among assets in the DEX sector right now. But the deeper I dig, the more cautious I become. The biggest question around EDGE may not be its price, but this: could it become the next DYDX?