dYdX (ethDYDX)

Decentralized exchanges (DEX) have seen explosive demand at the end of 2022. The FTX debacle turned investors to look at decentralized exchanges (DEX); according to <a href="https://twitter.com/Delphi_Digital/status/1617213001576206337" rel="noopener noreferrer nofollow">Delphi Digital</a>, derivatives-based DEXs have risen over the past two years, where crypto investors have more control over their coins.While decentralized exchanges garner significant attention, one is &#34;differentiating&#34; itself from the rest.dYdX has achieved incredible product market fit since launching as an app-specific StarkEx rollup secured by Ethereum, surpassing the $80B mark for total cumulative trading volume at the beginning of January 2023.In terms of the past 7d earnings, dYdX clinched 3rd place after Ethereum and Opensea based on Token Terminal. Find out why we think, even with its price pump, <a href="https://chaindebrief.com/i-was-a-fan-of-dydx-until/" rel="noopener noreferrer nofollow">dYdX is not sustainable in the long run as we look into their tokenomics and investigate the possibility of inside trading. </a>[Editor’s Note: This article does not represent financial advice. Please do your research before investing.]

I Was A Fan Of dYdX Until...

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