Data shared by dYdX, one of the leading decentralized cryptocurrency exchanges (DEX), for the year 2022 triggered a spike in the local token price.
The detailed report of 2022 by the dYdX Foundation had a positive impact on users and the local token price. In the report, the cumulative trading volume of the stock market $466.3 billion reported to have been reached. Looking at the data, the cumulative volume of the platform is in 2021. 322 billion dollars in 2022 compared to 140% It increased. However, stock market transactions $137.8 million earned income.
dYdX in 2021 $1.1 billion The total value of locked assets (TVL) reaching levels in 2022 400 million dollars while the trading volumes in the stock market showed an increasing trend. The increase in the number of users and transaction volume throughout the year has been a clear indicator of how the loss of confidence in centralized exchanges has been reflected positively on the DEX side, especially in recent years. These good data published by the stock market for the past year also brought a sudden price movement on the local token.
during the day yesterday $2.35 by trading levels DYDXrising after the report was shared more than 50% appreciated and $3.55 reached until. CoinGecko According to the data, there was a slight withdrawal at the time the news was written. DYDXin the last 24 hours 24.9% increase yeare from $2.99 is being traded.
on the other hand dYdXwhich will be held recently for investors-owned tokens 150 million tokens worth $282 million unlocking process February 3 from the history December postponed to a month.
