DYDX on the dYdX exchange is the latest airdrop to break the $ 100,000 mark for its most active users, and DEX’s trading volume underscores the growing popularity of Layer 2 platforms.

Airdrops are one of the programs that crypto fans have loved for years as they are a way to reward early adopters and increase the distribution of tokens by the community.

The latest project to surprise the community with retroactive rewards for newly minted tokens is dYdX, a decentralized decentralized derivatives exchange that operates on the Layer 2 platform of the Ethereum network.

Data from CoinGecko shows DYDX is trading at $ 12.04 at press time, after hitting an intraday high of $ 14.24.

DYDX. Price chart | Source: CoinGecko

A user’s previous active trading on the dYdX exchange determines the amount of tokens received, with 310 DYDX distributed to users with a minimum trading volume of USD 1 and users with a minimum trading volume of DYDX.

DYDX distribution table in dYdX .Airdrop | Source: dYdX Foundation

At the intraday high of $ 14.24, the dYdX Airdrop was worth between $ 4,414 and $ 135,692.

And keep up with the trend, Binance notification will list dYdX (DYDX) in the special trading zone (innovation zone) and open trading for the trading pairs DYDX / BNB, DYDX / BTC, DYDX / BUSD and DYDX / USDT today at 9 a.m. according to Synthetic Teamese time. Users can now start depositing DYDX in preparation for trading.

The ongoing switch to Layer 2. solutions

The release of DYDX marks a huge step forward for dYdX on its way to becoming a fully decentralized, community-managed exchange. This is yet another sign of greater change as more projects turn to Layer 2 solutions to work in a lower fee environment.

Many blockchain projects are moving to various cross-chain and Layer 2 solutions like Polygon and dYdX is actually one of the first DEXs to announce that it will be launched on StarkWare, a Layer 2 solution. -2 was in Developed in cooperation with StarkEx.

According to data from dYdX, at the end of the first mining era there were 32,700 DYDX owners, a monthly trading volume of $ 13.8 billion and $ 141 million in market maker capital employed.

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Mr. Teacher

According to Cointelegraph

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