Volumele tranzacțiilor dYdX de 24 de ore cresc peste Coinbase, dar iată captura

Leading decentralized exchange (DEX) dYdX has recently seen a strong surge in trading volume. Popular crypto analyst Colin Wu reported that the dYDx transaction volumes in the last 24 hours surpassed 4.28 billion, surpassing the leading crypto exchange Coinbase for the first time.

Potrivit datelor CoinMarketCap, volumul tranzacțiilor dYdX din ultimele 24 de ore a ajuns la 4.28 miliarde, depășind pentru prima dată cele 3.79 miliarde Coinbase. pic.twitter.com/PR7PX6UbbF

- Wu Blockchain (@WuBlockchain) 27 Septembrie, 2021

This comes amid the latest Chinese represiunea last week and a large rush of Chinese investors moving to decentralized exchanges. Last Saturday, September 25, Colin Wu also reported about the same. the analyst noted:

Un număr mare de utilizatori chinezi vor pătrunde în lumea DeFi, iar numărul utilizatorilor MetaMask și dYdX va crește foarte mult. Toate comunitățile chineze discută despre cum să învețe defi.

Amid the recent rally, the dYdX native cryptocurrency has surged 34% today. As of press time, DYDX is trading at a price of $20.55 and a market cap of $1.14 billion.

Transaction Volume Driven By Farming

However, Colin Wu states that a large number of the transaction volumes are coming from DYDX farming and are not driven by real demand. He notes that these volumes have been supported by the epoch1 developments taking on the platform. However, investors need to be careful at this point as Wu notiţe:

The epoch1 of dYdX transaction mining will end tomorrow at 15:00 (UTC). Within one week after epoch0 on August 31, the 24-hour transaction volume of dYdX dropped by 90%.

But the daily exchange-traded volumes on dYdX have been on the rise over the last six months. Since April 2021, the trading volumes on dYdX have surged by nearly 20,000% which shows a massive demand for decentralized exchanges.

Amid the recent China ban, crypto exchange Huobi had to suspenda the derivatives trading services for Chinese investors. These regulatory actions are like to push more investors towards adopting decentralized platforms. China’s crackdown on crypto is nothing new and has been going on since 2017. Investor participation in crypto continues to grow despite it.