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Decentralized dYdX Went Down Due to Reliance on Centralized Cloud Services
8.12.2021
Decentralized exchange (DEX) dYdX was down for 9 hours Monday afternoon to Tuesday morning, due to a major outage that hit Amazon's cloud-service network Amazon Web Services (AWS), once again stirring up debates about decentralization.
Some commenters have questioned whether a decentralized...
Solana-Based Drift Protocol Raises $3.8 Million — Project Reveals Drift Alpha Ticket NFTs
27.10.2021
While the blockchain network Solana’s native token has skyrocketed in value this week jumping 31.4%, the Solana-based perpetual swap platform Drift Protocol announced it raised $3.8 million from strategic investors. At the same time, Drift announced the launch of its alpha mainnet after...
Finance Redefined: dYdX milestone and $1M DeFi bounty, Sept. 24–Oct. 1
1.10.2021
DYdX volume tops Coinbase for the day, Cardano enables a new stablecoin, and a DeFi bounty hunter is highly rewarded — all coming to you this week in Finance Redefined
Dydx Trading Volumes Explode After Latest Chinese Crypto Ban
1.10.2021
Dydx, a decentralized exchange, has seen its trading volumes explode in the last few days, surpassing other recognized decentralized exchanges like Uniswap and Pancakeswap. Some analysts have suggested this might be the result of the latest Chinese cryptocurrency ban causing China-based users...
DYDX gains 80% in a week — What's driving the DEX token rally?
29.9.2021
Traders raised their bids for the decentralized exchange token, believing it would benefit from China's decision to classify all crypto transactions as "illegal."
DeFi farmers boast about gaming dYdX airdrop as prices surge
28.9.2021
DeFi farmers are claiming to have made hundreds of thousands of dollars by gaming dYdX ‘s recent airdrop
DYDX Soars as Protocol Sees Trading Volume Double That of Coinbase
27.9.2021
t price of USD 20.82, the newly issued token has already risen more than 80% since coming into circulation on September 8 this year.Price of DYDX. Source: CoinGeckoThe rise today follows yesterday's tweet from dYdX founder Antonio Juliano in which he said that dYdX Protocol now, for the first
Derivatives DEX dYdX beats out Coinbase by volume amid China FUD
27.9.2021
Chinese traders appear to be flocking to derivatives DEX dYdX amid concerns over a renewed crypto crackdown in China
Dydx Protocol Unlocks Airdrop Rewards; Users Get up to $50K
9.9.2021
Dydx, a decentralized exchange, finally unlocked its airdrop rewards for users. Its governance token, dydx, was locked due to airdrop restrictions since the protocol announced its distribution on August 3rd. Since its release the price has skyrocketed, giving some of the more active users on...
dYdX exchange releases governance token, making its airdrop worth up to $100K
9.9.2021
The DYDX governance token becomes the latest airdrop to surpass $100,000 for the most active users, and the DEX's transaction volumes highlight the rising popularity of layer-2 platforms
dYdX Protocol Partners With Hummingbot
2.8.2021
The platform of dYdX has entered into a partnership with Hummingbot to launch the much-awaited bounty hunt program. The Ethereum-based protocol for derivatives and short selling, dYdX, has joined hands with Hummingbot to distribute prizes worth $15,000 among the community members, creative hackers...
Defi Derivatives Exchange Dydx Raises $65 Million – Project Plans to ‘Launch a Mobile Application’
16.6.2021
The decentralized exchange (dex) Dydx announced the organization has raised $65 million in a Series C funding round led by Paradigm. The Dydx announcement notes that the additional capital will be leveraged to “significantly improve liquidity” on the dex platform “through...
DeFi exchange dYdX raises $65M in Series C fundraiser
15.6.2021
The dYdX platform allows users to trade perpetual contracts with exposure to various crypto markets. It claims to have built the fastest decentralized exchange through layer-two solutions
Big Guns Back $10M Investment in DeFi’s dYdX
26.1.2021
The funding round, led by Three Arrows and DeFiance Capital, was also joined by Andreessen Horowitz, Polychain Capital and Coinbase co-founder Fred Ehrsam
DeFi the odds: Total user numbers up 55% in just six weeks
13.11.2020
Decentralized finance users steadily increased by 40% during October, despite many DeFi tokens posting heavy losses for the month
Uniswap Captures $2 Billion Locked, Dex Volume Outpaces Second-Largest Centralized Exchange
30.9.2020
The decentralized exchange (dex) built on Ethereum, Uniswap has accumulated a whopping $2 billion in total value locked (TVL) this week. Tuesday’s data shows out of all the decentralized finance (defi) application’s Uniswap dominates the $11 billion landscape by over 18%. Just recently...
Crypto Borrowing: Here Are Seven of the Best Interest Rates on the Market
9.9.2020
Cryptocurrency is sizing up traditional finance on its legacy turf of lending and borrowing with competitive interest rates (currently as low as 0.44% for ethereum and 4.50% per year for bitcoin) as well as less cumbersome verification procedures. Crypto holders present their virtual assets...
Dex Platforms Trade Over $2.4 Billion in 7 Days, Defi Swaps up 68% Since Last Week
16.8.2020
Years ago the cryptocurrency community did not have access to a plethora of decentralized exchanges (dex). In 2020 with the rise of Ethereum, dex platforms have grown exponentially with trading applications like Uniswap, 0x, Kyber, and more. Dex trading growth has spiked over 68% this week alone...
Market Wrap: Bitcoin Stumbles to $11,300; USDC Lending Rates Skyrocket
11.8.2020
Bitcoin experienced heavy selling Tuesday, while traders are finding profits in stablecoin borrowing strategies
Decentralized Exchange dYdX Debuts Ether Perpetual Swaps
4.8.2020
Perpetual swaps that track the price of ether (ETH) are coming to dYdX, the company announced Tuesday