Latest dYdX updates on February 22nd

dYdX is a cryptocurrency project that has been actively engaging with their community on Twitter. On February 21st they shared their condolences and donated to the victims of the tragedy in Türkiye. On February 20th they asked their followers to describe DeFi in three words, and on February 19th they rewarded the first 200 people to interact with them. On February 18th they asked which token people would buy with $10,000 and on February 17th they asked for people’s thoughts on a project. On February 16th they highlighted Bitcoin’s all-time high of $25,000, and on February 15th they announced the launch of the dYdX Academy. On February 14th they shared their Valentine’s Day wishes and on February 13th they revealed their 24-hour trade volume and the number of trades. On February 12th they asked followers to HODL and on February 11th they asked which crypto people would buy for the next year. On February 10th they asked for cryptocurrencies to list for V4, on February 9th they reminded people to verify, and on February 7th they encouraged people to take control of their finances with crypto. Finally, on February 6th they shared a link.

What is dYdX ?

dYdX is a revolutionary trading platform that provides users with access to powerful financial tools, offering a secure and private environment to trade perpetual contracts with no fees. Utilizing a lightning quick Layer 2 solution, users can now trade with near-instant execution and confirmations on the blockchain within hours.

dYdX is backed by leading investors, including Brian Armstrong, Fred Ehrsam, Naval Ravikant, Elad Gil, and Avichal Garg. It is trusted by over 25,000 traders and has received global recognition for its innovative approach to decentralized trading.

dYdX has removed fees related to placing orders for accounts with less than $100,000 of trading volume in the previous thirty days, making it an attractive option for traders of all sizes. In addition, users can access leverage across positions in multiple markets from a single account and enjoy fast withdrawals with no wait required.

The platform is also mobile friendly, with a redesigned interface that allows users to access the platform from any device. Furthermore, StarkWare’s Layer 2 solution provides increased security and privacy via zero-knowledge rollups.

With dYdX, traders can access a wide range of Perpetual Contract markets, including Ethereum, Bitcoin, Cardano, Bitcoin Cash, Dogecoin, Polkadot, Litecoin, Chainlink, Uniswap, Solana, Polygon, Monero, EOS, Aave, Cosmos, Maker, Compound, Avalanche, Synthetix, SushiSwap, Yearn, UMA, Curve, 1inch, Zcash, Algorand, 0x, Enjin, Stellar, Ethereum Classic, Near, THORChain, Celo, Internet Computer, Tron, Tezos, and more.

dYdX is continuously launching new Perpetual Contract markets, making it a great choice for traders looking to diversify their portfolios. The platform is now available on mobile and is coming to Android early next year.

If you are looking for a powerful and secure trading platform with access to powerful financial tools, then look no further than dYdX. With its no-fee trading, deep liquidity, and up to 20x more buying power, dYdX is sure to meet all of your trading needs.

This article was published on 2023-01-29 by Marc Endevor. Information shown in this article was gathered from the project’s website and Twitter account. Coinvestigate cannot guarantee the accuracy of this information, or any news that may have impacted the project in the meantime.