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

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Fri, 09/17/2021 - 16:05
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Vladislav Sopov
DeFi veterans dYdX (DYDX) dethroned Uniswap as interest in decentralized finances rockets
dYdX (DYDX) DeFi Surpasses Uniswap (UNI) by Trading Volume
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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.

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.

Related
DeFi Veteran dYdX Has its DYDX Token Launched on Ethereum (ETH)

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
Image by Coingecko

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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About the author

Blockchain Analyst & Writer with scientific background. 6+ years in IT-analytics, 3+ years in blockchain.

Worked in independent analysis as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)