The dYdX community has officially launched the Surge Rewards Program, a nine-month trading competition designed to reward active participation from both new and returning users. Beginning April 1, 2025, the program will allocate up to $20 million in DYDX tokens to traders over the course of nine monthly “seasons,” establishing one of the largest and longest-running incentive programs in DeFi trading to date.
The selling pressure on Bitcoin forced MKR to lose 11%, but the bulls were likely to drive a recovery.
Two Ethereum whales on MakerDAO are at risk of being liquidated if Ether drops below $1,800. The whales, who borrowed millions in DAI from the DeFi lending protocol and pledged ETH as collateral, are now under pressure due to Ether's continuous decline.
MakerDAO's governance token, MKR, has posted double-digit gains in the past 24 hours, making it the market's top performer. The surge propelled MKR to a seven-day high of $1,485, where it traded briefly during Thursday's early Asian hours.
The crypto markets are consolidating after a small rise as the bulls face fatigue following a minor surge. Bitcoin price surged above $88,000 but has settled above $87,000 despite the rising bearish activity. On the other hand, Ethereum sustains above $2000, while memecoins display some strength as DOGE, PEPE, and FLOKI maintain a strong upswing.
Highlights MKR Coin breaks critical resistance level $1200 last week, signalling a breakout from the downtrend that began back in June. In the near term, MKR's future resistance is at $1500, with a breakout possibility to the $1800 price zone. A key support level is around $1000.
The market is reacting positively to Movement's pledge to do a $38 million token buyback to create a Movement Strategic Reserve.
dYdX has announced its first-ever buyback program, committing 25% of protocol fees to buy DYDX on the open market. Based on last year's revenue numbers, that could amount to over 11M in DYDX purchased per year.
Maker recently reacted off a major support zone where hundreds of thousands of units were purchased. Some traders, however, are taking profits—a move that could impact MKR's potential market movement.
TL;DR dYdX has launched a token buyback program to strengthen network security and improve the utility of its native token. 25% of the protocol's monthly net fees will be allocated to token buybacks, with the tokens being staked to enhance the network's resilience.
dYdX, the decentralized perpetual contracts trading platform community, has officially launched the first-ever $DYDX Buyback Program, a major move for the protocol. The post dYdX Community Launches DYDX Buyback Program appeared first on Cryptonews.
DeFi protocol dYdX has announced the launch of a token buyback program. The protocol plans to spend 25% of its net protocol fees on buying back the DYDX token from the open market.
dYdX will begin monthly token buybacks with 25% of its annual net protocol fees via its Treasury SubDAO.
With 85% of DYDX tokens already unlocked, dYdX is rolling out a buyback program to pump value back into the ecosystem.
DYDX price has surged by nearly 9% after dYdX announced its new buyback program. The decentralized derivatives exchange will use 25% of the protocol fees to repurchase DYDX from the market.
Decentralized trading exchange dYdX has introduced a token buyback program to strengthen network security and enhance the utility of its native token, DYDX. According to a March 24 announcement, the protocol stated that it would allocate 25% of its net monthly fees to buy DYDX tokens from the open market.
DYdX is allocating 25% of protocol fees to the program, with active governance discussions on an increase to 100%.
Decentralized finance (DeFi) trading platform dYdX announced its first-ever token buyback program on March 24, aiming to reinvest in its ecosystem to enhance security and governance.According to the announcement, 25% of the protocol's net fees will be dedicated to monthly buybacks of its native dYdY (DYDX) token on the open market. Following the announcement, DYDX surged over 10% and was trading at approximately $0.731 at the time of writing, according to CoinGecko.
Spark has announced that BlackRock, Superstate, and Centrifuge are the winners of its Tokenization Grand Prix. The goal is to allocate $1 billion in tokenized assets, with BlackRock's BUIDL fund set to receive half of it.
Crypto exchange titan Binance again caused a market stir with its latest announcement on five crypto tokens this Monday. Notably, the exchange revealed plans to launch new spot trading pairs for MKR, EPIC, DF, GMX, and RPL shortly ahead.
dYdX updated its roadmap to prioritize faster transactions, stability, and a better trading experience, aiming for expanded assets and advanced features to attract more users The post dYdX Updates Roadmap for Faster Trading and Enhanced User Experience appeared first on Cryptonews.
Decentralized perpetual contracts trading platform dYdX has updated its near-term roadmap which details improvements focused on enhancing speed and user experience as well as rollout of new trading features.
dYdX has announced a new strategic roadmap aimed at strengthening its position in the decentralized derivatives market. With the rapidly evolving landscape, the team is prioritizing platform stability, enhancing user experience, and expanding available trading tools.
Maker [MKR] has retraced to key accumulation zones, with cost basis data underlining a shift in investor engagement.
Maker (MKR), the native token of the MakerDAO decentralized finance (DeFi) platform, has been facing significant downward pressure in recent days. As of early March 2025, MKR's price saw a steep 10% drop, bringing its value to approximately $1,473.92.
MKR prices are testing a key psychological level with its on-chain metrics painting an optimistic picture for a bullish reversal.
dYdX, the decentralized exchange (DEX) token, has witnessed considerable volatility over the years. After reaching its all-time high (ATH) of $4.53, it has struggled to regain its previous momentum, leading many to question its future potential.
Polkadot (DOT) is up 4.2% and currently stands at $5.09 per coin as the token appears to be immune to this week's sharp sell-off.
Maker has created history with its mind blowing hold over the world. The financial system was revolutionized when Maker started climbing the ladder.
Is Maker (MKR) among the top crypto to buy now currently? At 00:00 UTC on February 25, MKR was around $1,350, showing signs of positive activity. A breakout past $1,400 experienced a sharp surge, increasing the price to $1,500 as of 06:00 UTC.
Maker (MKR) has made an impressive 25% surge in the last 24 hours. This significant price increase comes as Bitcoin, the leading cryptocurrency, drops by over 3%, and the market cap of the entire cryptocurrency sector falls by 1.18%.
MKR's growth is expected to surge in the coming trading sessions.
Meme coins are a very young phenomenon in crypto. While today, they are largely associated with rug pulls and scams, they can evolve into something more meaningful.
Ethereum (ETH) has dropped 11.5% in the past 24 hours, bringing it dangerously close to triggering massive liquidations on MakerDAO. On-chain data reveals that three major positions, valued between $109 million and $126 million each, will be liquidated if ETH falls to $1,926, $1,842, and $1,793.
Raydium's native token, RAY, has faced substantial declines amid growing speculation that Pump.fun, a leading Solana(SOL)-based meme coin launchpad, is testing its own Automated Market Maker (AMM).
Maker (MKR) has experienced a significant price rally this week, jumping by 60% since February 16. This surge has brought attention to the decentralized finance (DeFi) lending protocol, making it one of the hottest tokens in the market right now.
The substantial resistance zone at $1,750 could mark the local top for Maker and start a bearish reversal.
Here is how some of your favorite assets concluded the week.
A technical analysis indicator suggests the decentralized finance (DeFi) altcoin Maker (MKR) could be poised for a correction, according to a popular crypto analyst. Trader Ali Martinez tells his 128,100 followers on the social media platform X that MKR's Tom DeMark (TD) sequential indicator flashed a bearish signal on its 12-hour chart.
The entire crypto market has turned bearish, pushing several top cryptos' prices down, including Bitcoin (BCT) and Ethereum (ETH). However, the Bitget Token (BGB) price decoupled from the market as it registered promising gains in the last 24 hours.
Maker (MKR) price rallied over 44% in the past week. The DeFi token holds steady even as large wallet investors and whales holding MKR take profits in the ongoing price surge.
The cryptocurrency market has witnessed significant activity surrounding Maker (MKR), a token that has surged by 50% in recent times. While this price movement has attracted much attention, the involvement of whales—large holders—adds an additional layer of complexity to the market dynamics.
Trading activity in the crypto market has picked up this week, with the global cryptocurrency market cap rising by 2% over the past seven days.
MKR surged 50%, attracting whale activity as a major holder sold for a $418K profit. With resistance at $1,450, traders await a breakout or potential correction driven by liquidations.
Maker (MKR) price has defied the broader crypto market's recent turbulent action, rallying over 75% in a week. The DeFi cryptocurrency recently witnessed a staggering $156 million token burn, which appears to have fueled a price upswing.
Cryptocurrency prices had a mixed performance this week as investors focused on the recent Federal Reserve minutes and the ongoing Bitcoin consolidation. BTC price remained below $100,000, while the crypto fear and greed index moved to the fear zone. Still, there were some standout coins like Maker (MKR), Pyth Network (PYTH), and Alchemy Pay (ACH).
Charles d'Haussy, the dYdX Foundation CEO, projected that September would be the start of a months-long DeFi boom. d'Haussy argued at the Consensus 2025 in Hong Kong that "DeFi Summer" was an inadequate term to describe the upcoming growth.
Charles d'Haussy, CEO of the dYdX Foundation, predicts the DeFi will start to boom in September and will have more entry points for new users than ever.