Big Guns Back $10M Investment in DeFi’s dYdX
The funding round, led by Three Arrows and DeFiance Capital, was also joined by Andreessen Horowitz and Polychain Capital.
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Phemex, one of the globe’s most prominent crypto trading and investment platforms has further expanded its offering by listing three popular crypto assets. In its latest announcement, the platform stated that spot trading for Shiba Inu (SHIB), dYdX (DYDX) and Fantom (FTM) goes live on Nov 26, 2021. The trio, SHIB, DYDX and FTM have […]
Dydx, a decentralized exchange, finally unlocked its airdrop rewards for users. Its governance token, dydx, was locked due to airdrop restrictions since the protocol announced its distribution on August 3rd. Since its release the price has skyrocketed, giving some of the more active users on the platform more than $50K worth of dydx. However, some users were unable to reclaim the airdrop due to location restrictions.
Dydx Unlocks Airdrop, Price Skyrockets
Dydx, a derivatives decentralized exchange, announced yesterday the unlocking of its airdropped governance token, dydx. The....
DYdX volume tops Coinbase for the day, Cardano enables a new stablecoin, and a DeFi bounty hunter is highly rewarded — all coming to you this week in Finance Redefined. Welcome to the latest edition of Cointelegraph’s decentralized finance (DeFi) newsletter.DYdX surpassed Coinbase in daily trading volume for the first time this week. Read on to discover why this was a seminal moment for the project’s founder.What you’re about to read is the concise version of this newsletter. For the full breakdown of DeFi’s developments over the last week — released with more anticipation than a layer-two....
Traders raised their bids for the decentralized exchange token, believing it would benefit from China's decision to classify all crypto transactions as "illegal." Decentralized exchange dYdX's native token DYDX surged by nearly 80% this week as traders assessed its potential against China's recent ban on crypto transactions.The DYDX price hit a new high of $26.50 on the FTX exchange after trading at around $13 a week ago. The China ban was an apparent boost for the dYdX decentralized exchange (DEX) that offers perpetuals, margin and spot trading, as well as lending and borrowing services....
Dydx, a decentralized exchange, has seen its trading volumes explode in the last few days, surpassing other recognized decentralized exchanges like Uniswap and Pancakeswap. Some analysts have suggested this might be the result of the latest Chinese cryptocurrency ban causing China-based users to move their trading activities to these platforms.
Dydx Bursts With Activity
Dydx, a decentralized exchange that, unlike other similar platforms, offers an order book, has been bustling with activity during the last few days. The activity in the decentralized exchange has grown enormously,....