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The dYdX community has voted in favor of a proposal that seeks to slash the DEX's trading rewards by 45%. The approval sent native token dYdX soaring by over 21%.
DYDX token, the native token of the decentralized exchange of the same name, has surged by 26.88% on Monday after a governance vote had been passed to reduce trading rewards by 45%.
Cryptocurrencies have long been feared for their volatile nature. However, it's a characteristic that draws investors to this realm with a magnetic allure.
An increasingly popular crypto strategist believes that two decentralized finance (DeFi) tokens could be gearing up for breakouts. Pseudonymous analyst Cantering Clark tells his 161,400 Twitter followers that DYDX, the native asset of decentralized exchange (DEX) dYdX, is trading above a key support level at around $2.
BeInCrypto looks at five biggest altcoins losers in the entire crypto market this week, specifically from Feb. 17-24.
Decentralized exchange dYdX is about to release a stack of tokens in a scheduled unlock event. How will the prices of its native token react?
DYDX made enormous gains in January. Like the rest of the altcoin market, the birth of the new year brought a rally that has lasted close to six weeks.
Bitcoin (CRYPTO: BTC) traded lower, falling below the key $22,000 level on Friday. Ethereum (CRYPTO: ETH) also recorded losses, dropping below the $1,600 mark this morning.
These 5 altcoins struggled to increase even though the crypto market was bullish.
Nearly 90% of voters favor the grants proposal, but many in the community pointed out controversial limitations.
The dYdX Foundation made an abrupt change to its project's tokenomics, but it may have done so in consultation with its attorneys.
DYDX, MINA, Optimism (OP), Loopring (LRC), and Convex Finance (CVX) lead the pack this week as the biggest crypto market gainers.
Recently, dYdX made an announcement that it would be delaying its token unlock until 3 December. The token unlock was designed to benefit early investors and founders, but its delay has brought other issues of the protocol to the forefront.
The dYdX ecosystem has been growing since it was founded back in 2017. The exchange has now become one of the leading decentralized exchanges for trading perpetuals, a trading product similar to futures contracts minus the expiration dates.
The native token of the popular decentralized exchange dYdX has surged more than 200% over the past 30 days as its trading volume keeps on rising and investors move their funds off of centralized exchanges in the wake of FTX's collapse.
Decentralized exchange platform dYdX (DYDX) is seeing a major price rejuvenation today as it is up 15.23% at the time of writing to maintain its weekly momentum. According to data from CoinMarketCap, the digital currency is now trading at a price of 3.08%, maintaining a weekly growth rate of 65%.
The dYdX Foundation has issued a governance token called DYDX to govern its Layer 2 protocol on the blockchain. The token will be accessible over five years and is subject to transfer restrictions enforced through off-chain agreements.
Key Points: According to a dYdX Foundation annual report, the largest crypto derivatives trading exchange recorded $466.3 billion in cumulative transaction volume and produced $137.8 million in fee revenue in 2022.
dYdX, the largest crypto derivatives trading exchange, recorded $466.3 billion in cumulative transaction volume in 2022.
According to on-chain data shared by Lookonchain, an anonymous whale has been accumulating DYDX cryptocurrency along with other large wallets since October 2022. The whales received more than $21 million worth of the cryptocurrency, and the last transaction occurred right before DYDX's rise on the market.
New data from crypto analytics platform Santiment reveals that whale transactions are spiking for Litecoin (LTC), Polygon (MATIC) and two Ethereum (ETH)-based altcoins.
dYdX, a decentralized exchange supporting the perpetual trading of top crypto assets, including ethereum (ETH) and bitcoin (BTC), has suspended the Layer-2 transfer feature.
Token unlocks are often bearish events that spark price rallies in advance. Do you know why?
Data from Santiment shows these altcoins have seen elevated whale activity recently, which may make them ones to watch for in the coming days.
