DeFi exchange dYdX attracts stakers amid $41bn in trading volume
With Bitcoin hitting new highs on a weekly basis, dYdX stakers are earning hundreds of thousands of dollars in trading fees. Stakers on the decentralised perpetual exchange earned an aggregate of $460,000 on March 5, the first time Bitcoin broke past its previous record high of $69,000. In the last 30 days, all dYdX stakers have earned a total of $5 million, according to data from Mintscan. The fees were paid out in USDC, Circle’s US dollar-pegged stablecoin.
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