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dYdX has surpassed Uniswap's daily transactional volume, hitting $757 million, following the its decision to move to the Cosmos blockchain.

The latest price moves in bitcoin [BTC] and crypto markets in context for Jan. 18, 2024. First Mover is CoinDesk's daily newsletter that contextualizes the latest actions in the crypto markets.

The DYDX price has increased in the past two weeks, moving above $3 and reclaiming a horizontal support area.

In the world of decentralized finance (DeFi), dYdX emerges as an undisputed leader by surpassing Uniswap in daily trading volume.

Trading volumes on the decentralized exchange (DEX) dYdX v4 exceeded $600 million. According to CoinMarketCap, from Jan.

dYdX displayed high trading volumes, outpacing both Uniswap v3 and its own v3 market on Ethereum. The dYdX v4 market on Cosmos recorded a substantial $1.07 billion in trading volume on January 11.

dYdX's market recorded a trading volume of $757 million, taking the top spot in 24-hour volume.

The decentralized exchange, dYdX (CRYPTO: ETHDYDX), has outperformed Uniswap (CRYPTO: UNI), becoming the dominant decentralized exchange (DEX) by daily trading volume. What Happened: As per a CoinDesk report on Sunday, data from CoinMarketCap reported that dYdX, which migrated from Ethereum (CRYPTO: ETH) to Cosmos, posted a daily trading volume of $757 million.

The crypto prices today were mixed, with the major cryptos showing marginal movements and hovering around the flatline, as investor enthusiasm waned amid a cautious outlook for the market's future potential. Meanwhile, it seems that assessing the crypto landscape, investors appear hesitant to make substantial moves.

The decentralized exchange (DEX) dYdX has recently surpassed Uniswap, a long-standing leader in the sector, by recording the highest daily trading volume, according to CoinMarketCap data. This achievement marks a significant milestone for dYdX, especially after its strategic migration from the Ethereum blockchain to the Cosmos ecosystem.

The decentralized exchange, which last year moved over to the Cosmos blockchain, just saw $757 million of volume over a 24-hour period.

Regulatory scrutiny looms large over decentralized finance (DeFi) platforms. Still, dYdX emerged resilient despite the vigilant eyes of regulators like the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC).

Taking to X on January 5, Antonio Juliano, the founder of dYdX, a decentralized exchange (DEX), expressed skepticism regarding the current crypto bull run. Juliano attributed the recent price surge to “light trading volumes.

The recent dYdX v3 incident, involving significant price movements of SUSHI and YFI tokens, has raised crypto community concerns. The attacker deposited $5.3 million, took leveraged positions, and caused liquidation events.

Decentralized exchange dYdX has published a post-mortem report, detailing a recent exploit on its v3 platform.

Decentralized exchange dYdX has released a post-mortem report regarding a “targeted attack” on its v3 platform in November, resulting in a $9 million loss in its insurance fund, equivalent to approximately 40% of the total fund. The exchange's investigation has identified the attacker's identity, and legal actions are being considered against the perpetrator.

Discover how dYdX identified the attacker behind the $9M heist and the steps taken to fortify its trading platform against future threats. A tale of crypto cunning and cutting-edge defense in the decentralized exchange realm.

To avoid future coordinated attacks with similar tactics, dYdX said it had improved its v3 trading platform to enhance open-interest monitoring and alerts.

Decentralized exchange dYdX has released a comprehensive report analyzing the “targeted attack” it encountered on its v3 platform in November.

The decentralized exchange said it has identified the attacker behind the $9 million attack, and it is reviewing legal options.

In a notable development in the cryptocurrency market, DYDX, a prominent decentralized exchange, has unlocked 33.3 million DYDX tokens, valued at approximately $98 million. The event, closely monitored by FOMOonchain, represents a significant 12.34% of the total circulating supply of DYDX tokens.

Negative sentiment around dYdX has increased over the last few days, but price has remained unaffected.

Crypto derivatives volume surged, leaving some unbalances behind, which could trigger liquidation events. On that, some cryptocurrencies have seen increased short positions that, if liquidated, would cause a short squeeze.

Scopescan monitoring has unveiled a significant transaction that saw a crypto whale withdrawing a staggering 2.8 million DYDX tokens, translating to approximately 8 million USD, from the renowned trading platform Binance.