- #8965
El Dorado Exchange (Base) EDE
EDE Price
Market Cap
--Rank #8965FDV
$56,600.39Rank #9644Investors
Twitter Followers
Twitter Performance
172Rank by Twitter #7645- 0
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Detailed Performance
EDE shows Neutral behaviour against top cryptocurrencies, leading categories and blockchains over various time periods
EDE to USD Converter
Price History
- All-Time High
- $0.725238.82x to ATH
- All-Time Low
- $0.010891.72x to ATL
- Trade Launch Date
- 18 Aug, 2023
273 days ago
About EDE
El Dorado Exchange (Base) is a decentralized perpetual exchange that operates on the $BASE chain. It aims to create a decentralized platform for trading derivatives and plans to incorporate lending protocols in the future. The project has conducted a small initial DEX offering (IDO) on the $BASE chain to raise funds for its launch. El Dorado Exchange has also released $ELP-3 synthetics trading, a stablecoin-only pool where users can deposit their $USDT and earn passive income in $aEDE. The platform has generated significant trading volume and fees through margin trading activities on both the Arbitrum and BNB chains.
What makes El Dorado Exchange (Base) unique?
El Dorado Exchange (Base) aims to differentiate itself from other cryptocurrencies through several unique features:
1. Decentralized Perpetual Exchange: El Dorado Exchange focuses on creating a decentralized perpetual exchange, providing users with a seamless and secure trading experience.
2. Expansion into Derivatives Market: In addition to the perpetual exchange, El Dorado Exchange plans to expand into other areas of the derivatives market, offering a wider range of trading options to its users.
3. Incorporation of DeFi Protocols: El Dorado Exchange intends to incorporate DeFi staples such as lending protocols, allowing users to participate in decentralized lending and borrowing activities.
4. Governance Token: El Dorado Exchange has a governance token called EDET, which provides holders with the ability to vote on major decisions and redeem EDET for treasury shares.
5. Stable EDE Price: El Dorado Exchange aims to incentivize a more stable price for its native token, EDE, to encourage trading activities.
6. Treasury Backing: The treasury of El Dorado Exchange provides intrinsic value to the EDET token, enhancing its stability and value proposition.
7. Fee Distribution: Users can stake both EDE and EDET tokens to earn 20% of the fees generated on the platform. This fee distribution mechanism supports the floor price of EDE.
Overall, El Dorado Exchange (Base) differentiates itself by offering a decentralized perpetual exchange, expanding into derivatives and DeFi, introducing a governance token, promoting price stability, and providing opportunities for users to earn fees.
Live El Dorado Exchange (Base) Price Data
The current price of El Dorado Exchange (Base) (EDE) is approximately $0.01868, reflecting a increase of 0.90% in the last 24 hours. The EDE trading volume in the last 24 hours stands at $10.65.
For a comprehensive list of exchanges, visit our crypto exchanges page. To understand El Dorado Exchange (Base)'s performance over time, consider exploring its price history and ROI. For in-depth analysis and insights on EDE, check out our crypto insights page.
EDE to USD Converter
Price History
- All-Time High
- $0.725238.82x to ATH
- All-Time Low
- $0.010891.72x to ATL
- Trade Launch Date
- 18 Aug, 2023
273 days ago