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Edel Finance Testnet Users Surpass 35,000 as Investor Gains $468,000 Profit

Data from blockchain analytics firm Lookonchain shows strong engagement in Edel Finance’s testnet and notable trading activity leading to substantial profits.

ETH

Summary

Edel Finance’s testnet reached over 35,000 users, according to Lookonchain on January 8. A specific address purchased 1.26 million EDEL tokens using 12 Ether (ETH), valued at $38,000, over two days, resulting in a $468,000 profit.

Terms & Concepts
  • Testnet: A blockchain testing environment used to trial features and applications before deployment on the main network.
  • Ether (ETH): The native cryptocurrency of the Ethereum blockchain, commonly used for transactions and payments within decentralized applications.
  • Lookonchain: A blockchain analytics platform that monitors and reports on on-chain trading activities and wallet movements.