Crypto Strategist Flips Bullish on Gala, dYdX and One Red-Hot Altcoin – Here’s His Outlook

A widely followed crypto analyst is suddenly turning bullish on Gala (GALA) and two other altcoins. Pseudonymous crypto trader The Flow Horse tells his 186,500 followers on the social media platform X that the native asset of the blockchain-based gaming platform Gala is in an uptrend. He says that key metrics like the cumulative volume […]

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Crypto Market on Edge as Major Token Unlock Events Loom

In a significant week for the cryptocurrency market, investors are eyeing a series of token unlock events poised to release a substantial value of assets into circulation. ImmutableX (IMX), 1INCH, and dYdX (DYDX) lead the charge with unlocks totaling $105 million, a move likely to impact the market dynamics. Unlock Events Set to Influence Market

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dYdX price dips as $505 million worth of tokens hit the market

Decentralized finance (DeFi) protocol dYdX unlocked 150 million tokens earlier today, leading to a nearly 5% drop in its price during the past day despite the broader positive trend in the crypto market. $500M tokens unlocked The unlocked tokens, valued at $505 million, represent 81.63% of the circulating supply. Analysts anticipated the long-awaited unlocking would […]

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New dYdX Chain Goes Live With $20,000,000 in DYDX Token Rewards Up for Grabs

Decentralized exchange (DEX) dYdX is going live with its new native blockchain featuring a hefty rewards program for its users. dYdX Chain, built using the Tendermint consensus with the Cosmos SDK, is a standalone chain for the DEX, which previously ran on Ethereum (ETH). The launch of dYdX also features a six-month incentive program, launched […]

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dYdX Chain completes mainnet migration, rolls out $20 million in DYDX token rewards

The decentralized trading platform dYdX Chain has achieved a significant milestone, transitioning from its ‘Beta Stage’ to ‘Full Trading’ as of Nov. 28. The initiation on the dYdX Chain was activated following a dYdX governance vote, showcasing the platform’s focus on decentralized decision-making and community-driven development. Major markets such as BTC-USD, ETH-USD, SOL-USD, and LINK-USD […]

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Just In: DYDX Chain Launches Trading Rewards on Cosmos Layer 1

The dYdX Chain, now operating on the Cosmos-based Layer 1 platform, has recently taken a significant step forward by initiating trading rewards for validators and stakers. This development comes after the full trading launch of the decentralized derivatives trading protocol. Introducing these rewards marks a new chapter in the platform’s evolution, especially following a decisive

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