Graph neural networks (GNNs) are widely used in graph learning and most architectures propagate information by passing messages between vertices. In this work, we shift our attention to GNNs that perform message passing on edges and introduce EB-1WL, an edge-based color-refinement test, and a corresponding architecture, EB-GNN. Our EB-GNN architecture is inspired by the classic triangle-counting algorithm of Chiba and Nishizeki and passes messages along edges and triangles. Our contributions are as follows: (1) Theoretically, we show that EB-1WL is significantly more expressive than 1WL. We provide a complete logical characterization of EB-1WL in first-order logic, along with distinguishability results via homomorphism counting. To the best of our knowledge, EB-GNN has the strongest theoretical expressivity guarantees among edge-based message-passing GNNs in the literature. (2) Unlike many GNN architectures that are more expressive than 1WL, we prove that EB-1WL and EB-GNN admit near-linear time and memory usage on practical graph learning workloads. (3) We show in experiments that EB-GNN is a highly efficient general-purpose architecture: it substantially outperforms simple MPNNs and remains competitive with task-specialized state-of-the-art GNNs at substantially lower computational cost.