dYdX, a decentralized crypto exchange, has made several significant moves lately that could influence its native coin,
DYDX. The exchange plans to debut
Perpetual Futures on Prediction Markets, aiming to expand its reach. It is also introducing
permissionless listing soon, indicating a more open and flexible approach. An alliance with
Phantom Wallet will provide 7 million more users easy access to dYdX. However, the
price of DYDX has experienced some turbulence, with some analysts foreseeing peaks and troughs over the next decade. The platform plans to dispose of its derivatives trading arm, and
EU markets will likely launch the first Ether staking ETF. Amid these shifts, an unfortunate DNS attack compromised dYdX’s v3 platform, and founder Antonio Juliano has stepped down from his CEO role. Moreover,
33 million tokens' unlock led to a price drop. In some notably positive news, dYdX recently outpaced Uniswap to turn into the
largest DEX by volume, a hefty 60 million token stake received approval from the community, and version 5.0 of their blockchain reportedly brings several advantages. However, the community also witnessed some sell-side pressure from OP and YGG. The platform is said to be exploring a potential sale of its trading software.
DYDX Coin News Analytics from Wed, 08 Sep 2021 07:00:00 GMT to Tue, 08 Oct 2024 02:47:45 GMT -
Rating -1
- Innovation 6
- Information 7
- Rumor -2
