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Defi Update: dYdX Trading Volume Nosedives by 80% in 24-Hours, Here’s Why

The trading volume of popular Dex protocol dYdX nosedived by 80% overnight, dropping from a weekly high of $11.06 million to the current volume of $1.90 million. The volume of dYdX spiked over the weekend in the wake of the Chinese crypto ban, where many Chinese traders turned to defi as centralized exchanges such as

The trading volume of popular Dex protocol dYdX nosedived by 80% overnight, dropping from a weekly high of $11.06 million to the current volume of $1.90 million. The volume of dYdX spiked over the weekend in the wake of the Chinese crypto ban, where many Chinese traders turned to defi as centralized exchanges such as

dYdX
DeFi News
dYdX
DeFi News

dYdX 24-Hours Transaction Volumes Surges Above Coinbase’s, But Here’s the Catch

Leading decentralized exchange (DEX) dYdX has recently seen a strong surge in trading volume. Popular crypto analyst Colin Wu reported that the dYDx transaction volumes in the last 24 hours surpassed 4.28 billion, surpassing the leading crypto exchange Coinbase for the first time. According to CoinMarketCap data, the dYdX transaction volume in the past 24

Leading decentralized exchange (DEX) dYdX has recently seen a strong surge in trading volume. Popular crypto analyst Colin Wu reported that the dYDx transaction volumes in the last 24 hours surpassed 4.28 billion, surpassing the leading crypto exchange Coinbase for the first time. According to CoinMarketCap data, the dYdX transaction volume in the past 24

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Altcoin News
dydx
Altcoin News

Defi Lending Platform dYdX Records Over $1 Billion In Loans In A Year, Bullish Signals For Ethereum?

Defi lending platform, dYdX, records $1 billion in total loans over the past year. Ethereum (ETH) remains the leading asset originating close to half of the amount. The growing Defi space looks to propel ETH price in the coming weeks. Open finance is gaining gradual adoption despite the slow the stagnant performance the cryptocurrency industry

Defi lending platform, dYdX, records $1 billion in total loans over the past year. Ethereum (ETH) remains the leading asset originating close to half of the amount. The growing Defi space looks to propel ETH price in the coming weeks. Open finance is gaining gradual adoption despite the slow the stagnant performance the cryptocurrency industry

DeFi Ethereum (ETH) Liquidation
Altcoin News
DeFi Ethereum (ETH) Liquidation
Altcoin News

DeFi Forced Liquidations to Increase as Ethereum (ETH) Prices Free Fall

Two DeFi apps, dydx and MakerDAO, liquidated $3 million of Ethereum (ETH) to cover for issued loans. But the bloodbath may continue. Not because there is now use and demand for loans and above-rate interest rates, but because of sliding ETH prices. Ether is the choice of most DeFi dapps because most are launched from

Two DeFi apps, dydx and MakerDAO, liquidated $3 million of Ethereum (ETH) to cover for issued loans. But the bloodbath may continue. Not because there is now use and demand for loans and above-rate interest rates, but because of sliding ETH prices. Ether is the choice of most DeFi dapps because most are launched from