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dYdX, a decentralized exchange, has launched its trading platform, dYdX Chain, enabling trading across 33+ markets. The launch has been accompanied by various developments, including protests against proposed taxes in the crypto industry, a fake filing for Blackrock XRP Trust causing a price spike, and collaborations with Circle and Noble for USDC swapping and access. The dYdX token has seen significant surges in value, with a 20% surge on Wednesday and a 21% surge in the last 24 hours. Staking and criticisms of locked tokens have also been reported, alongside a 60% rally in the past week and the introduction of Cosmos Native USDC via CCTP with Noble & Circle. The dYdX Chain's beta trading phase has been successful, with stakers and validators set to accrue trading fees from the perpetuals exchange during this phase. DEX volume has also seen a significant increase, reaching levels comparable to August-September 2021.
After languishing at 2020 levels for most of this year, DEX volume has pushed up to where it was in August-September 2021 this week. On-chain activity returning as quickly as it left? https://t.co/ILvXD4BGfy
📈DYDX has rallied 60% in the past week on the successful rollout of dYdX Chain's beta trading phase. Stakers and validators will accrue trading fees from the perpetuals exchange during this initial phase. Read more: https://t.co/QMZHqtmmc1 https://t.co/Z8gN1bYWb1
The DYDX token surged 21% in the last 24 hours and 67% over the past week following the beta launch announcement. https://t.co/HMKQlgL8j7
NEWS: dYdX enabled staking, and criticisms of the feature are centered around locked tokens https://t.co/R1FlFxk7wF
Introducing Cosmos Native USDC via CCTP with Noble & Circle https://t.co/6ecSiuAX5T
The @dYdX token continued a barnstorming month with a 20% surge on Wednesday. The jump comes alongside the launch of the dYdx blockchain and 16 days before another $500 million worth of tokens will be unlocked. Reporting by @oknightcrypto. https://t.co/IvjhTicQWD
.@dYdX V4 has arrived! 💜 🔗 dYdX chain in open Beta 📈 33 markets are live 🤑 Validators and stakers earn $USDC 🔜 CCTP coming on November 28 Read all about the big premier: 🔗 https://t.co/fVoN1zuqGI https://t.co/7khm7j2M8O
ICYMI: dYdX is working with Circle to give Noble users better access to USDC https://t.co/OPYN8LdCZp
Circle’s CCTP will go live on Noble by the end of the month to allow easy swapping of USDC. DYdX will be the first user of the service as it connects into Cosmos blockchain ecosystem. https://t.co/OYzh9nfRSC
ICYMI: dYdX Chain trading goes live, enters beta mainnet stage following governance vote https://t.co/jTpe0Iz2nk
SPECS DAILY ⌐◩-◩ 11/14/23: dYdX Trading Goes Live! ⭐️ TOP NEWS ♾️ dYdX Chain has gone live, enabling trading across 33+ markets 😡 Crypto industry sends 124,000 letters in protest of proposed taxes 📝 Fake filing for Blackrock XRP Trust causes price spike ⛓️ CRYPTO &… https://t.co/LWgS7002iT https://t.co/rxd4KsA1FN