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dYdX Chain Reigns Supreme

Cosmos-based dYdX Chain flips Uniswap volume

Jack Inabinet
Jan 17, 2024 • 1 min read

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dYdX soars. Every degen has a pit in their soul that can only be filled by leverage trading, and crypto exchanges are the direct beneficiary of this demand! Which tokens stand to benefit the most from it?

Yesterday, the recently deployed Cosmos-based dYdX chain that hosts the Protocol’s V4 deployment flipped both Uniswap and dYdX’s V3 platform to become the largest decentralized exchange by volume.

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Written by Jack Inabinet

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Jack Inabinet is a Senior Analyst with a passion for exploring the bleeding edge of crypto and finance. Prior to joining Bankless, Jack worked as an analyst at HAL Real Estate where he conducted market research and financial analysis for commercial real estate development and acquisition activities in the Seattle region. He graduated from the University of Washington’s Michael G. Foster School of Business.