Phantom Wallet has joined forces with
dYdX, allowing the wallet’s 7 million users to easily access dYdX. Aiming to elevate its market presence, dYdX is set to introduce Perpetual Futures on prediction markets. The platform has also integrated with the Keplr wallet, enlarging its user base by over 1 million people. The
integration and
upgrade initiatives yet, the price of dYdX has experienced a dip following the implementation of its Season 5M Incentive Program.
dYdX has also revealed features in a new software update, including real-time price updates courtesy of Slinky Oracle. Amidst all this, the platform’s founder, Antonio Juliano, has stepped down as CEO, appointing Ivo Crnkovic-Rubsamen as his successor.
dYdX has also announced the allowance of isolated margin, isolated markets and Raydium support in its latest upgrade. Although there was a DNS attack on the platform, measures were taken to recover the website and users are warned to clear cache. Interestingly, dYdX is now leading Uniswap as the largest DEX by volume, following a community approval of a 20M token stake. Despite these developments, a significant token unlock of 33 million led to a price drop for DYDX, causing doubt on whether it may dip below $3. Despite these hurdles, experts are optimistic on the future of DYDX with the prediction of its market cap tripling to hit $10 billion. Furthermore, igniting more optimism, dYdX is set to launch permissionless market listing and additional security features.
DYDX Coin News Analytics from Wed, 08 Sep 2021 07:00:00 GMT to Thu, 26 Sep 2024 22:30:23 GMT -
Rating 6
- Innovation 7
- Information 9
- Rumor 2
