dYdX has surpassed $1 billion in trading volume in the last 24 | DeFI News & Alerts

dYdX has surpassed $1 billion in trading volume in the last 24 hours

According to CoinMarketCap, dYdX, a decentralized cryptocurrency derivatives trading platform, has surpassed $1 billion in trading volume in the last 24 hours, surpassing Uniswap V3 ($893 billion) and Pancakeswap, ranking first in the DEX trading volume.

"The dYdX transaction volume has increased nearly 84% in the last 24 hours, which can mostly be attributed to the large number of airdrop. The real demand for transaction volume may not be as good as the top two DEXs," Wu Blockchain wrote on the subject.