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dYdX (DYDX) DeFi Surpasses Uniswap (UNI) by Trading Volume


u.today 17 September 2021 16:33, UTC
Reading time: ~2 m

Decentralized exchange dYdX (DYDX) is going through an unparalleled spike of net trading volume across its products.

$1.33 billion traded on dYdX in 24 hours

According to information shared by its founder, Antonio Juliano, top-tier decentralized exchange dYdX is now the most popular DEX in the industry.

Now 🚀 https://t.co/aKb9qKCDbk pic.twitter.com/29aVINcieJ

— Antonio | dYdX 🦔 (@AntonioMJuliano) September 17, 2021

Today, on Sept. 17, 2021, amidst a 47% increase in daily trading volume, the aggregated amount of all trades on dYdX exceeded $1.334 billion.

Uniswap v3, a flagship Ethereum-based decentralized exchange, processed $1.15 billion, or 0.47% less than yesterday.

The leading Defi on Binance Smart Chain (BSC), PancakeSwap (CAKE), also prints a double-digit increase in trading volume. For PancakeSwap, this indicator is above $1.02 billion.

Largest airdrop so far

On Sept. 8, 2021, dYdX released its governance token, DYDX, and listed it on multiple mainstream platforms.

Also, 64,306 dYdX users received DYDX in an unparalleled airdrop. In total, 75 million tokens were distributed: each user received between 310 and 9,529 tokens.

dydx token prints new high

As DYDX has printed another all-time high earlier today, the net value of the most generous token drops sent to early dYdX advocates exceeds $171,500 now.

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