dYdX, a decentralized exchange (DEX), lets cryptocurrency traders access perpetuals, which are a form of derivative. A derivative is a financial product whose price is determined by the value of another asset, and derivatives in the cryptocurrency market take value from the prices of various cryptocurrencies. Using your Ethereum wallet as your dYdX account, you trade futures linked to cryptocurrencies including Bitcoin, Ethereum, Solana, Doge, Avalanche, and others.
This platform is on fire, and it’s worth warming your trading paws at the blaze. On two days in late September, dYdX recorded a trading volume of $19 billion in crypto transactions in contrast with Coinbase, which processed just $6 billion in crypto transactions during that time.
Excitement for this DEX is growing and with it an active user base that Juliano expects will accelerate growth into 2022.
It’s a bandwagon you might consider hopping on.
DYDX currently broke out of its downwards channel and its pretty much holding onto support on the daily chart.
If previous resistance now acts as support you could see this continue up.
Keep this on your watchlist.
- Factor Four
This platform is on fire, and it’s worth warming your trading paws at the blaze. On two days in late September, dYdX recorded a trading volume of $19 billion in crypto transactions in contrast with Coinbase, which processed just $6 billion in crypto transactions during that time.
Excitement for this DEX is growing and with it an active user base that Juliano expects will accelerate growth into 2022.
It’s a bandwagon you might consider hopping on.
DYDX currently broke out of its downwards channel and its pretty much holding onto support on the daily chart.
If previous resistance now acts as support you could see this continue up.
Keep this on your watchlist.
- Factor Four