Notably, dYdX’s v3 Ethereum market, which is still active, also ranks among the top three DEXs. The v3 has had a trading volume of approximately $405.9 million in the past day.
dYdX reclaims $3
DYDX’s notable trading volume milestone propelled its token’s value to over $3 for the first time this year—a remarkable 7% increase within the last 24 hours.
Data from CoinMarketCap highlights a previous dip in the digital asset’s value to $2.36 earlier this year. Nevertheless, it has experienced a consistent upward trend over the past week, boasting a gain exceeding 10%.
Despite this positive momentum, potential challenges lie ahead for the crypto token. Token Unlocks data reveals a looming sell pressure, with approximately $2 million worth of assets poised to be unlocked in the coming week.
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