Native DEX token dYdX rises above $3 due to record daily volume
Decentralized trading platform dYdX Chain's native token DYDX rose above $3 for the first time this year after setting a DEX record for daily volume.
Data from CoinMarketCap shows that the v4 version of the platform, based on the Cosmos blockchain protocol, achieved an impressive 24-hour trading volume of almost $565.85 million. This figure surpasses Uniswap v3 on Ethereum, which had $458.46 million in volume over the same time period. .
If we analyze the trading activity of dYdX v4, the most traded pairs include Ethereum/USD, Bitcoin/USD and Solana/USD with volumes of $155 million, $131 million and $91 million respectively. The total open interest for these pairs on the platform reached approximately $26 million.
