DYdX Surges 3,6% Today As Its Airdop Jumps To $100K: Time To Buy?

The DYDX governance token became the latest airdrop to reach $100,000, and its transaction volumes have surpassed $100,000. At the current price of $14.24, the average user on the platform had traded between $10,000 and $1,000 in value. Airdrop is a cryptocurrency project that offers projects a way to incentivize early adoption. dYdX is a decentralized exchange that enables users to trade derivatives without being tied to a central bank.

DYdX Surges 3,6% Today As Its Airdop Jumps To $100K: Time To Buy?On its first day of trading, the token is currently trading at a price of $10.99. The number of tokens that each user receives is determined by the number of tokens that they traded during their previous trading sessions. The release of the DYDX governance token represents a major step towards the protocol’s goal of becoming a fully decentralized community-governed platform. Due to the complexity of blockchain projects, many decentralized exchanges are migrating to layer-two solutions like StarkWare. dYdX was one of the first to announce that it would be launching on StarkWare. There are over 32,700 DYDX holders on the platform, and since the first mining epoch, it has transacted over $13.7 billion in monthly trading volume.

Anthony Gonzales

Biotech, Tech, and Crypto reporterAnthony Gonzales brings 3 years of experience in helping grassroots, mid-sized organizations and large institutions strengthen their management and resource generating capacities and effectively plan for the future. He is also a mentor and professional advisor to artists working in all disciplines. He is the gold medalist from St. Marco University of Science and Technology in the Bachelors of Financial Management as well.