One of the decentralized exchanges, dYdx (DYDX), has seen a huge trading volume expansion in recent days and has managed to surpass the famous decentralized exchange Uniswap (UNI) in total trading volume.
The throne of Uniswap, one of the most popular decentralized cryptocurrency exchanges, seems to have started to be shaken by dYdX, which has recently gained great momentum. dYdX exchange managed to sit on the leadership throne after a large market volume increase in the last 24 hours.
$1.33 Billion Traded in dYdX in the Last 24 Hours
According to the information shared by Antonio Juliano, the founder of the dYdX exchange, on Twitter, the decentralized cryptocurrency exchange dYdX has become one of the most popular exchanges in the market in a short time.
Now 🚀 https://t.co/aKb9qKCDbk pic.twitter.com/29aVINcieJ
— Antonio | dYdX 🦔 (@AntonioMJuliano) September 17, 2021
As of September 17, 2021, the stock market, which achieved a total increase of 47% in its daily trading volume, managed to reach a total trading volume of $ 1.33 billion with this increase.
Ethereum-based Uniswap v3, popular among decentralized exchanges, saw a 0.47% drop in total trading volume compared to the previous day. PancakeSwap (CAKE), which is very popular and currently the leader in Binance Smart Chain (BSC), achieved double-digit growth in trading volume and was over $1.02 billion.
The decentralized exchange dYdX recently had one of the biggest airdrops of all time. In the airdrop, which distributed 75 billion dYdX tokens in total, users obtained between 310 and 9529 tokens. dYdX is trading at $15.53 as of the time of this news.