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A widely followed crypto analyst is suddenly turning bullish on Gala (GALA) and two other altcoins. Pseudonymous crypto trader The Flow Horse tells his 186,500 followers on the social media platform X that the native asset of the blockchain-based gaming platform Gala is in an uptrend.
Euphory and greed are dominating sentiments in the cryptocurrency market at this point. Most traders and investors expect further growth and call for a bull market for Bitcoin (BTC) and altcoins in the coming days.
Three whales have transferred over $21 million worth of DYDX tokens to Binance shortly after the token unlock.
Decentralized finance (DeFi) protocol dYdX unlocked 150 million tokens earlier today, leading to a nearly 5% drop in its price during the past day despite the broader positive trend in the crypto market. $500M tokens unlocked The unlocked tokens, valued at $505 million, represent 81.63% of the circulating supply.
dYdX has unlocked 150 million DYDX tokens. Three big whales who received some of the tokens have sent the same to Binance.
In a notable development for cryptocurrency traders, the Ethereum-based decentralized exchange dYdX has expanded its offerings to include perpetual contracts for XRP, the third-largest altcoin by market capitalization. This move places XRP among five new markets added to the dYdX Chain, enhancing the platform's diversity in trading options.
On December 1, dYdX, the layer-2 decentralized exchange, will unlock 150 million DYDX worth roughly $478 million to early investors and core team members. This substantial unlock has raised concerns among investors, who fear the influx of fresh tokens could substantially increase supply.
dYdX announced new features on its blockchain. However, DYDX was down by over 8%, and other metrics looked bearish as well.
As the market faces rising volatility, investors are preparing for a big month, with multiple projects set to initiate their token releases. This rise in token supply could lead to a temporary decline in the value of leading altcoins such as DYDX, 1INCH, and Aptos, among others.
Ledger Live has integrated support for dYdX Chain and its DYDX token, enabling 1.5 million users to securely manage and stake DYDX via their Ledger hardware wallets.
The dYdX Operations subDAO is pleased to announce the launch of Full Trading on the dYdX Chain, introducing new and improved trading rewards, a 6-month Launch Incentive Program proposed by Chaos Labs, and the continuation of Validators and Stakers receiving 100% of protocol fees.
The perpetuals trading platform and layer-1 blockchain, dYdX, is set for a significant event on Friday. Founders, investors, and other key figures involved with the project will gain access to about 150 million previously locked DYDX tokens, currently valued at around $490 million.
The decentralized exchange platform dYdX has embarked on an exciting phase by rolling out its own custom blockchain, signaling a shift from its prior reliance on Ethereum.
Decentralized exchange (DEX) dYdX is going live with its new native blockchain featuring a hefty rewards program for its users. dYdX Chain, built using the Tendermint consensus with the Cosmos SDK, is a standalone chain for the DEX, which previously ran on Ethereum (ETH).
During the last token unlock, DYDX's price action did not turn bearish. DYDX was down by more than 4% in the last 24 hours, and negative sentiment around it was dominant.
-Unlocking Trading Rewards & 6 Month Incentive Program
The decentralized trading platform dYdX Chain has achieved a significant milestone, transitioning from its ‘Beta Stage' to ‘Full Trading' as of Nov. 28. The initiation on the dYdX Chain was activated following a dYdX governance vote, showcasing the platform's focus on decentralized decision-making and community-driven development.
With approximately 50,000 DYDX available daily, traders have ample opportunities to capitalize on the dynamic dYdX Chain rewards system offered by the dYdX Chain. Coincu News
The dYdX Chain, now operating on the Cosmos-based Layer 1 platform, has recently taken a significant step forward by initiating trading rewards for validators and stakers. This development comes after the full trading launch of the decentralized derivatives trading protocol.
The dYdX platform, renowned for its outstanding focus on decentralized derivatives, has taken a significant step with its move towards full trading on its own chain, dYDX. This change is the result of community support to move from the beta phase to what is known as Full Trading.
dYdX has enabled trading rewards for validators and stakers following the launch of full trading on the derivatives protocol.
The dYdX community recently supported a motion to advance trading on the dYDX chain (DYDX) from the beta stage to Full Trading.
DYDX, a prominent cryptocurrency, is gearing up for the unlocking of 150 million tokens, valued at a staggering $500 million, scheduled for December 1st. This substantial unlocking of tokens has raised concerns about the significant price drop in token.
The dYdX team is about to unlock 30% of DYDX supply to investors on the dYdX chain, causing the price of the token to fall as much as 7%.
