dYdX, the well-established decentralized exchange and originating spot for perpetuals trading is making significant movements in the crypto space. Despite recent layoffs that amounted to 35% of their workforce, the company has bounced back, demonstrating resilience with the price of
DYDX coin surging 30%, and even further to 35% following David Sacks assuming the role of 'AI and Crypto Czar', boosted by Trump's direct endorsement. In addition,
dYdX is leveraging advances by launching TRUMPWIN-USD Prediction Market and introducing permissionless listing infrastructure. The exchange is reaching for growth with its debut of Perpetual Futures on Prediction Markets and exploring sale of derivatives trading arm. Amid changes in staff structure, Juliano, the company's founder, stepped back into the CEO position to drive the new strategic shift.
dYdX's chain is integrating several functionalities and wallets to boost user access, including a significant update incorporating isolated margin and markets with Raydium support. Following a few turbulence related to the DNS attack on their v3 website, the
dYdX chain is bouncing back, sanctioned by the crypto community, furthermore approving a revenue sharing proposal. Despite being a relatively low cap gem, the DYDX coin's price projection is bullish as it aims to reach a $10 billion market cap.
dYdX is also showing how it values transparency and participation through its community voting to stake $61M worth of DYDX tokens. Future projections look bright as
dYdX aims to have an all-time high price and the overall popularity of the platform continues to grow, making this cryptocurrency one to keep an eye on.
DYDX Coin News Analytics from Tue, 15 Nov 2022 08:00:00 GMT to Thu, 26 Dec 2024 10:07:37 GMT -
Rating 7
- Innovation 8
- Information 9
- Rumor -3
