DYDX, the native token of the newly-released dYdX chain, has risen by more than 20% in the past 24 hours, just 16 days before more than $500 million worth of tokens will be unlocked to early investors and core team members.
The surge in the DYDX price comes as the project, previously just a decentralized exchange (DEX), launched its layer-1 blockchain based on Cosmos – a move that enables validators to receive a portion of trading revenue as a reward for staking.
Over the past 30 days, DYDX has more than doubled in price as speculators anticipated the token’s migration from Ethereum to the dYdX chain. However, a
Trending: House Republicans: Force Joe Biden To Explain Why Israel And Ukraine Are More Important Than America
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!