Search results for: dydx

dYdX has seen an increase of over 30% in the last 48 hours. dYdX’s increase in value began after the exchange announced the postponement of its token unlock. The price of dYdX has significantly increased during the last day, possibly at the most significant rate of increase year to date. The primary driver of theContinue reading “dYdX registers unprecedented increase in its value; the reason is surprising”

People from the crypto-space have evidently been intrigued by the nuances associated with the metaverse. Despite the fanfare, a few from the community believe that the whole meta-notion seems to be blown out of proportion; it would eventually fade away with time. Well, the downtrend of tokens associated with meta protocols has only managed toContinue reading “DeFi v. Metaverse: UNI, dYdX may capitalize on MANA, SAND, GALA slowing down”

Security-enhanced privacy and personal monetary sovereignty are some of the major advantages that have seen decentralized exchanges (DEXs) rocket in popularity in recent history. Unfortunately, DEX use comes with its own set of security risks. dYdX in the fray Today, decentralized crypto-exchange dYdX is trending, although not exactly for the right reasons. It is aContinue reading “Ethereum-based dYdX saved from $2M security breach thanks to White Hat’s heroics”

Ethereum has seen a myriad of Layer-2 solutions developing over time, with the fight to gain prominence never-ending. However, the emergence of Boba Network has challenged some longstanding L2 solutions to place itself in the #2 spot. The new Ethereum L2 champ? Layer-2 solutions have seen some solid domination from Arbitrum, but the second placeContinue reading “This Ethereum L2 rose by 1551%, outperformed Loopring, dYdX, Optimism”

In the world of DeFi, dYdX has made a name for itself by giving consumers exactly what they want. A decentralized exchange (DEX) platform with the same advantages that users would have in a centralized exchange (CEX), without the drawbacks of DEXs. However, the question is – How long will it be before DEXs becomeContinue reading “dYdX’s growth may have changed DEXs, but can it sustain itself”

The market is running hot and most crypto products were seeing great interest from investors to secure their earnings. One such product was the Ethereum-based leverage trading protocol, dYdX. The decentralized exchange was noting tremendous interest from the users and this was reflected in daily trading volume surging past $10 billion, flipping prominent exchanges likeContinue reading “dYdX continues to attract users, rubs shoulders with Coinbase, Uniswap”

DeFi seems to be accelerating the next generation of crypto innovation. So much so that in 2021 alone, the DeFi ecosystem was reported to grow by over 20x. A recent report by Chainalysis noted that nine of the 25 biggest cryptocurrency services by transaction volume now offer DeFi protocols. Among these platforms, Uniswap, dydx, andContinue reading “Uniswap, dydx, Compound on the rise, but why are there still questions”

The “centralization-decentralization” debate has been going on since ages. Proponents and opponents end up clashing with each other’s opinions every other day. Both ecosystems come with their own pros and cons, and thus, there hasn’t been any compelling conclusion to date. Crypto was, in fact, born out of the aforementioned opinion discrepancies. Even though decentralizationContinue reading “DEXes vs CEXes: Are exchanges like Uniswap, dYdX falling short of expectations”

Towards the end of last month, as the market saw considerable shake-off and most altcoins shed their past gains, the winner of the month appeared to be the decentralized finance (DeFi) sector. Uniswap gained more than 40% in the last week of September while dYdX made new ATHs.  FUDs fueling Defi? A Chainalysis report notedContinue reading “Do Uniswap, Dydx need the impetus of another ‘macro-event’”

“Virtual currency-related business activities are illegal financial activities…seriously endangers the safety of people’s assets.” This was the statement released a couple of days ago by the People’s Bank of China. Post China’s renewed ban on cryptocurrencies, the price of Bitcoin fell by more than $2,000. The overall crypto market cap also took a hit. However,Continue reading “In a first, DEX platform dYdX surpasses Coinbase in trade volumes”