The decentralized financial markets platform,
dYdX, is currently attracting attention due to its impressive performance and consecutive developments. The platform continues to augment, with its
derivative trading features,
isolated markets augmentation, offering
Raydium support, and software enhancements. Notably, the platform has upgraded to version 5.0, which showed numerous enhancements and eventually directed to
dYdX leading Uniswap in trading volume. Evidently, the platform is exploring the sale of its derivatives trading arm and has integrated with
Binance mainnet. Today, dYdX coin is also considered as one of the top choices for long-term investments. Recently, the platform gained traction due to the unsuccessful
DNS attack and resolving a $9M exploit. Notably, the platform has innovatively introduced permissionless listing with its new update and launched the
Slinky Oracle that provides real-time price updates. Despite events of price dips and the CEO stepping down, the DYdX community approved a 20M token stake, demonstrating community faith in the network's future. Still, the token faced a substantial crash due to auto deleveraging of profitable traders and the unlocking of 33 million Tokens.
DYDX Coin News Analytics from Fri, 15 Oct 2021 07:00:00 GMT to Sun, 01 Sep 2024 23:38:12 GMT -
Rating 7
- Innovation 6
- Information 7
- Rumor 4
