DYdX, a prominent player in the cryptocurrency market, recently launched a perpetual trading market focused on
Trump's election predictions. The launch comes as the decentralized exchange (DEX) seeks to raise its profile, introducing a variety of innovative upgrades, including a major chain upgrade featuring the
Slinky Oracle for real-time price updates. Amid various security compromises,
DYdX retired its v3 on Ethereum, focusing on the
DYdX Chain and its upcoming 'Unlimited' launch. Leading the charge is
Antonio Juliano, who made a return as CEO after a six-month hiatus.
Despite the thrilling updates, the company faced cyber attacks compromising its v3 website and DNS. The
DYdX token is still expected to triple, hitting a $10 billion market cap. Fostering more accessibility,
DYdX integrated Keplr Wallet boosting access for over 1 million users and partnered with Phantom Wallet. As the token thrived, the platform saw an influx of stakers, attracting $41 billion in trading volume.
DYdX recently topped
Uniswap as the largest DEX by volume. Insiders of DYdX, nevertheless, are expected to withhold their $490M unlock despite the formidable progress.
While
DYdX struggled to secure its platform, it also initiated talks of software sales. The exchange had successfully traced the hacker responsible for a $9M exploit. It managed to further expand its offerings with isolated margin, isolated markets, and Raydium support. The
DYdX foundation also requested a $30M budget while promising an annual spending report.
DYDX Coin News Analytics from Fri, 15 Oct 2021 07:00:00 GMT to Wed, 16 Oct 2024 15:30:13 GMT -
Rating 5
- Innovation 6
- Information 8
- Rumor 2
