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 <p class="is-style-lead">Trading <a rel="noopener noreferrer nofollow" title="volumes" href="https://thebittimes.com/tag/volumes.html">volumes</a> on the decentralized exchange (DEX) dYdX v4 exceeded $600 million.</p>
 <p>According to CoinMarketCap, from Jan. 17 to 18, <a rel="noopener noreferrer nofollow" title="trading" href="https://thebittimes.com/tag/trading.html">trading</a> <a rel="noopener noreferrer nofollow" title="volumes" href="https://thebittimes.com/tag/volumes.html">volumes</a> on dYdX were $603 million, with the decentralized exchange beating out the second highest DEX by <a rel="noopener noreferrer nofollow" title="volume" href="https://thebittimes.com/tag/volume.html">volume</a>, Uniswap, which saw $479 million in <a rel="noopener noreferrer nofollow" title="volume" href="https://thebittimes.com/tag/volume.html">volume</a> over that same time period.</p>
 <figure class="wp-block-image size-large"><picture decoding="async" class="wp-image-14239627">
   <source type="image/webp" srcset="https://cdn.thebittimes.com/images/2024/01/18/6d42684110e0ce538a0626996cf740ce.webp.webp">
   <img decoding="async" width="1024" height="290" src="https://cdn.thebittimes.com/images/2024/01/18/6d42684110e0ce538a0626996cf740ce.webp" alt="dYdX surpasses Uniswap in daily trading volumes - 1"> 
  </picture>
  <figcaption class="wp-element-caption">
   Source: CoinMarketCap
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 </figure>
 <p>Against recent indicators, Uniswap has lost its market share and now has 9.1447% versus dYdX’s 11.5086% total of DEX market share.</p>
 <p>Amid the news of the exchange’s <a rel="noopener noreferrer nofollow" title="daily" href="https://thebittimes.com/tag/daily.html">daily</a> <a rel="noopener noreferrer nofollow" title="volumes" href="https://thebittimes.com/tag/volumes.html">volumes</a>, the DYDX token has risen by more than 10% over the past 24 hours. At the time of publication, the asset is <a rel="noopener noreferrer nofollow" title="trading" href="https://thebittimes.com/tag/trading.html">trading</a> at around $3.2.</p>
 <figure class="wp-block-image size-large"><picture loading="lazy" decoding="async" class="wp-image-14239628">
   <source type="image/webp" srcset="https://cdn.thebittimes.com/images/2024/01/18/3f4911b66fc11fd7e93843e0509cf085.webp.webp">
   <img loading="lazy" decoding="async" width="1024" height="527" src="https://cdn.thebittimes.com/images/2024/01/18/3f4911b66fc11fd7e93843e0509cf085.webp" alt="dYdX surpasses Uniswap in daily trading volumes - 2"> 
  </picture>
  <figcaption class="wp-element-caption">
   Source: CoinMarketCap
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 </figure>
 <p>In October 2023, dYdX developers announced the project’s transition from Ethereum to Cosmos as well as the launch of dYdX v4. Before the release, they revealed the source code of the blockchain. Testnet was launched in July 2023. Users could then place market and limit orders and generate private keys on the dYdX testnet.</p>
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  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Crypto exchange dYdX increases margins after $9m loss
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/dydx-surpasses-uniswap-in-daily-trading-volumes-tbt76965.html">https://thebittimes.com/dydx-surpasses-uniswap-in-daily-trading-volumes-tbt76965.html</a></p>

dYdX surpasses Uniswap in daily trading volumes

TheBitTimes

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