Swiss-based decentralized trading platform dYdX has announced a 35% reduction in its core workforce. Platform CEO Antonio Juliano initially shared the news in a brief post on X, calling the decision “sad” while promising to provide more measured reasoning for the action later. A Leaner dYdX In the social media post, the CEO stressed that...Read More
DYDX, the native token of the dYdX Chain, has evolved from a governance-only coin to a dynamic, multifaceted asset within six months of its launch. According to a blog post by the dYdX Foundation, DYDX has become the powerhouse of the layer-1 blockchain, enabling decentralized governance and allowing users to stake their tokens for rewards....Read More
In an effort to protect its decentralized crypto exchange (DEX) against potential security threats, the dYdX community has approved a proposal to stake 20 million DYDX tokens. This decision comes amidst a surge in trading activity experienced by the platform. dYdX Proposes Enhanced Security Measures The proposal presented by dYdX emphasized the necessity of increasing...Read More
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...Read More
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...Read More
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...Read More
Coinbase adds WalletLink functionality enabling its users to use dApps within the company’s wallet app. One of the most interesting dApps is IDEX – currently the world’s largest decentralized exchange (DEX). San Francisco-based cryptocurrency exchange Coinbase added WalletLink functionality to enable its users to use dApps within the company’s wallet app. One of the most...Read More
