Suppose you have a list of vertices V (#V by dim) and a list of edges E (#E by 2) indexing V, then one hacky to draw all of these edges with per-vertex color data DV (#V by 1) is to use trisurf:
trisurf(E(:,[1 1 2]),V(:,1),V(:,2),V(:,3),'CData',DV,'EdgeColor','interp');
However, if you try to use this trick to draw per-edge color data DE (#E by 1), you'll find that 'EdgeColor','flat' does not work. Instead you can explode you compact "mesh" of edges into individual edges and repeat you edge color data for each edge point:
trisurf(reshape([1:size(E,1),1:size(E,1)*2],[],3),V(E(:),1),V(E(:),2),V(E(:),3),'CData',repmat(DE,2,1),'EdgeColor','interp');