2023-02-03
dYdX, the largest crypto derivative exchange had trading volume reached
record high. As of February 2, 2023 dYdX has cumulative trading volume of $822
billion and daily trading volume of $186 million. The platform make money by fees
from trading, in 2022 it made $137.8 million from fees.
About dYdX
DYDX is a native token for dYdX’s platform, uses for governance token
and reduce fees. DyDx is a decentralized exchanged like Uniswap, but the
platform focuses on derivative exchange which allow users to trade 10x
investment from their original funds. The platform was dYdX Foundation, headquarter
located in Switzerland.
