The decentralized exchange dYdX has surpassed Uniswap as the largest DEX by volume, with trading volumes exceeding $600 million and $800 million in the past 24 hours. dYdX Chain, based on Cosmos, has gained significant traction, attracting over 44,000 daily active traders in less than a month. The protocol's success has led to a return of over $3M of USDC to dYdX stakers since the launch of v4. This development signals a bullish trend for decentralized futures exchanges and aggregate liquidity on their respective chains.
Leading perpetuals exchange @dYdX has become the top DEX by daily volume📈 The protocol processed over $800M worth of trades in the past 24 hours across its V4 and V3 iterations. Read more: https://t.co/GTkHBRvNKY https://t.co/K2hwp0EkID
Over $3M of USDC has been returned to @dYdX stakers since v4 launched. Oh, and you probably saw that it surpassed V3 as the largest DEX in the world by volume. Here's what @ChorusOne had to say on our latest episode 👇 https://t.co/qxXv6MgLoz
DeFi Exchange dYdX Dethrones Ethereum's Uniswap as Token Outpaces the Market ► https://t.co/qGXsRwDkTY https://t.co/qGXsRwDkTY
Trading volumes on the decentralized exchange (DEX) dYdX v4 exceeded $600 million, beating out rival Uniswap https://t.co/T58LUb0ZtH
dYdX Chain is #1 in less than 2 months since Full Trading was enabled 🍾 https://t.co/aVKku3BgQx
.@dYdX just topped @Uniswap as the biggest decentralized exchange by volume. https://t.co/33jPkTdr3A
dYdX Chain Reigns Supreme 👑 The Cosmos-based dYdX Chain flipped Uniswap's volume What's the opp here? Find out 👇 https://t.co/0f9WC3wFsW
DYDX overtaking Uniswap in 24 hour volume is so bullish for Swaps that aggregate liquidity on their own chains. 🤝 💧yum. https://t.co/0WMYZLka2O
.@dYdX just topped @Uniswap as the biggest decentralized exchange by volume. @LedesmaLyllah reports https://t.co/THAimqogZA
As more liquidity comes into $BTC post-ETF, I'm getting bullish on decentralized futures exchanges. Even on new chains, perp DEXes are seeing crazy volumes. Holdstation on zkSync for example, has 44,000 DAILY active traders already less than a month after launch. Crazy.