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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 recent approval of spot Bitcoin Exchange-Traded Funds (ETFs) did not elicit the positive response many anticipated. Instead, this significant development triggered a “sell-the-news” reaction, leading to a significant drop in Bitcoin's value. Since January 11, Bitcoin's price fell by 15%, descending from $48,700 to a low point of $41,500.
Uniswap's 0.15% swap fee generates a millionaire amount in revenue amid community debate over VC interests.
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.
Decentralized exchange Uniswap has announced that it is allocating $300,000 for an engineering team to develop its V4 front-end for new pool launchers and liquidity providers.
Uniswap plans to deploy version 4 of its decentralized exchange, aiming to capture long tail assets and small capitalization tokens, enhancing its current offering.
The decentralized exchange's grant is valid for two years and may be extended based on performance.
Uniswap Foundation has unveiled its vision for Uniswap V4, releasing a Request for Proposal (RFP) aimed at constructing an innovative front-end for Pool Launchers and Liquidity Providers (LP).
UNI price is moving higher from the $5.65 support. Uniswap is up 5% and it seems like the bulls could aim a fresh surge toward the $8.00 zone.
All eyes were on Bitcoin today as the US Securities and Exchange Commission approved spot ETFs. However, the suggestion that the news was already priced in appears to have some merit.
The CEO, Stephen Pair, emphasized their dedication to making crypto payments easy for users. Now, people have more choices for spending their cryptocurrencies, whether it's for something fancy or everyday needs.
As we approach 2024, certain tokens are poised to dominate the cryptocurrency market, backed by strong decentralized exchanges. Here are the top five DEX tokens that might supercharge your crypto portfolio in 2024.
A widely followed crypto analyst says is updating his bull market outlook, starting with Bitcoin (BTC). Pseudonymous crypto trader Rekt Capital tells their 382,300 followers on the social media platform X that with the bear market behind BTC, a full bull market lies ahead.
The Revoke team debunked the deceptive message on the compromised CertiK account regarding Uniswap.
CertiK has issued a statement about the incident, saying their investigation indicates that the breach is a large scale ongoing attack that deploys social engineering through Calendly, a scheduling app.
Blockchain security firm CertiK confirmed that its official X (formerly Twitter) account was compromised earlier today, Jan. 5. The firm advised the crypto community not to interact with any posts from the account, adding that it was investigating the incident.
According to a Jan. 4 post on X, Uniswap led the Ethereum blockspace with an impressive 43 million transactions and 7.4 trillion gas, 4.5 times more than the second-ranking protocol.
Bitcoin remains stuck inside an ascending triangle pattern, but UNI, NEAR, OP and INJ are showing promise in the short term.
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