Home Cryptocurrency dYdX outperforms Uniswap and Bitcoin Outlook Dour

dYdX outperforms Uniswap and Bitcoin Outlook Dour

by SuperiorInvest

Decentralized exchange dYdX, which recently migrated from Ethereum to Cosmos, replaced one of Uniswap’s marketplaces as larger DEX by daily trading volume, based on data from CoinMarketCap. The Cosmos-based dYdX v4 version just recorded a volume of $757 million in a 24-hour period, surpassing Uniswap v3, which had $608 million, data shows. dYdX’s v3 marketplace, which is still operating, earned $567 million, enough for third place. According to dYdX, the total trading volume so far for its v4 marketplace since its launch is $17.8 billion. In 2023, dYdX v3 recorded a total of over $1 billion in trading volume, with several days exceeding $2 billion in trading volume.

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