Thursday , March 28 2024
Home / Tag Archives: Dydx

Tag Archives: Dydx

Osmosis, dYdX, Synthetix Spearhead DeFi Development Surge, Uniswap Trails Behind

Amidst a broader market rebound, several DeFi-related projects appear to be bustling with development activity. Topping the list is Cosmos-based decentralized exchange Osmosis, which experienced a notable surge in development activity, emerging as the leading DeFi project over the past month. Osmosis Leads DeFi Development According to the data shared by Santiment, Osmosis recorded more than 169 GitHub commits within the previous 30 days. The crypto analytic platform’s latest...

Read More »

Here’s How Whales Navigated dYdX’s 150M Token Unlock

Several crypto projects have unlocked significant amounts of tokens, with dYdX, a decentralized exchange, leading the way by unlocking 150 million tokens. This represented 30% of the tokens allocated to investors, founders, and current and future employees, and the unlocking occurred on December 1st. DYDX – the native cryptocurrency of the dYdX chain – experienced a decline of only 2%. Whales in Action Following the latest token unlock, three whale accounts, which received a...

Read More »

dYdX Bans ‘Highly Profitable Trading Strategies’ After Targeted Trades on Exchange

On the 17th of November, an unknown individual who may have been working as part of a team targeted the dYdX exchange and its YFI token. Allegedly, the same actor had previously tried a similar strategy on the exchange’s SUSHI market merely 2 weeks prior. Good Trades Or Malicious Intent? These trades, which the platform’s staff have classified as an attack, were done using a series of transactions that ultimately caused open interest on the exchange to surge by over $66...

Read More »

FTX and Alameda Research Moves $13.1M in Crypto to Other Exchanges

The new developments come after a court-mandated phased liquidation process, enabling FTX to sell digital assets worth a total of $3 billion on a weekly basis.  A flurry of activity in the crypto space last night grabbed the attention of industry watchers as the wallets associated with bankrupt crypto exchange FTX and its sister company Alameda Research transferred around $13.1 million in various digital assets to multiple exchanges overnight. Data from Spotonchain revealed that the...

Read More »

dYdX Chain Launches Mainnet as Independent Cosmos Layer 1

This shift denotes a substantial evolution for the project, moving it to a standalone Cosmos-based blockchain after previously relying on Ethereum Layer 2 scaling solution StarkEx. dYdX Chain has marked a major milestone by officially launching its mainnet as an independent Cosmos Layer 1 blockchain. This launch, which occurred with the creation of the genesis block by validators on October 26 at 1 p.m. EST, represents a monumental step forward for the leading decentralized derivatives...

Read More »

Crypto Regulation: Paxos, Others Out of Canadian Market

The decision coincides with the announcement of stricter crypto regulation by the Canadian Securities Administrators (CSA). As crypto regulation broadens in Canada, blockchain infrastructure platform Paxos has announced plans to shut down its operations in Canada. In a statement published on the company website, the firm advised its Canadian customers to begin withdrawing any funds from their accounts. “Beginning June 2nd, you will no longer be able to transact from your Paxos account,” it...

Read More »

Ethereum Optimism Airdrop: Gratis Token für alle

Ethereum Optimism Airdrop: Token für Alle? Ethereum Optimism ist eine Lösung rund um die Skalierbarkeit von Blockhchains. Um die Transaktionskosten im Ethereum Netzwerk zu senken, buhlen Skalierungslösungen wie Arbitrum oder dYdx (DYDX) um die Gunst der Investoren. Auch Optimism bündelt Transaktionen und senkt die Gebühren um das bis zu 20-fache. Die verwendete „Optimistic-Rollup-Technologie“ überzeugt. So sind momentan rund 690 Millionen...

Read More »

Dydx, One of the World’s Newest Crypto Exchanges, Is Growing Like Crazy

Coinbase is one of the largest cryptocurrency exchanges in the world. There’s no denying that, but sometimes, even the big dogs can be outdone by little pups as Dydx has shown. Dydx Is Looking to Be the Best of the Best Dydx is one of the globe’s newest crypto trading platforms. The company is only about four years old, and yet its daily trading volume is larger than anything Coinbase has experienced in recent days. Based in San Francisco, CA, Dydx recorded a trading...

Read More »