The decentralized exchange dYdX (DYDX) is experiencing an unprecedented surge in net trading volume across its products.
In 24 hours, $1.33 billion was traded on dYdX.
Top-tier decentralized exchange dYdX is now the most popular DEX in the industry, according to information shared by its founder, Antonio Juliano.
Today, on September 17, 2021, the total amount of all trades on dYdX surpassed $1.334 billion, despite a 47 percent increase in daily trading volume.
The flagship Ethereum-based decentralized exchange, Uniswap v3, processed $1.15 billion, or 0.47 percent less than yesterday.
PancakeSwap (CAKE), the leading Defi on Binance Smart Chain (BSC), also reports a double-digit increase in trading volume. This indicator is greater than $1.02 billion for PancakeSwap.
So far, the largest airdrop has occurred.
dYdX launched its governance token, DYDX, on September 8, 2021, and listed it on multiple mainstream platforms.
In addition, 64,306 dYdX users received DYDX in an unprecedented airdrop. 75 million tokens were distributed in total, with each user receiving between 310 and 9,529 tokens.
As DYDX reached another all-time high earlier today, the net value of the most generous token drops distributed to early dYdX supporters now exceeds $171,500.