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Decentralized trading platform “dYdX” outperforms “Uniswap” in terms of trading volume…Details here

Decentralized trading platform “dYdX” outperforms “Uniswap” in terms of trading volume…Details here

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Answer Decentralized trading platform “dYdX” outperforms “Uniswap” in terms of trading volume…Details here

The decentralized trading platform “dYdX” is witnessing an unparalleled rise in net trading volume across its products.

Over $1.33 billion traded on dYdX:

According to information shared by Antonio Giuliano, founder of dYdX, the dYdX platform has now become one of the most popular DEX platforms in the industry.

On September 17, 2021, amid a 47% increase in daily trading volume, the total amount of all trades on the dYdX platform exceeded $1.334 billion.

Read:El Salvador government clarifies: It is not yet time for Bitcoin bonds

While the decentralized exchange Uniswap v3 which is also a leading Ethereum-based decentralized exchange, processed $1.15 billion.

The decentralized trading platform “PancakeSwap” also recorded its presence in the leading exchanges in terms of trading volume.

For “PancakeSwap”, the trading volume reached 1.02 billion dollars.

Largest airdrop by value to date:

On September 8, 2021, dYdX released its governance digital currency, DYDX, and listed it on several major trading platforms.

64,306 dYdX users received free coins after the platform launched a paydrop.

In total, 75 million DYDX were distributed, with each user receiving between 310 and 9,529 DYDX.

Since the price of the digital currency “DYDX” has reached an all-time high at $18.23, the total value that early users of the free distributed coins have reached $173 thousand.

Read:A new platform that offers its services in a different way and attracts more than half a million people before the official launch

Read also:

Bitcoin Adoption in El Salvador: 1.1 Million Salvadorans Now Use the Chivo Bitcoin Wallet

A protocol hack that facilitates the launch of new digital currencies on “SushiSwap” and the theft of more than 3 million dollars


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