Best Crypto to Buy Now January 18 – dYdX, Flare, Sui
Having hit a new monthly high after outpacing Uniswap in volume, the dYdX price has had an impressive surge, making DYDX one of the leading choices for the best crypto to buy now.
While Flare has seen a 10% increase fueled by its new Google Cloud partnership, Sui Network has experienced negative volatility lately even with the platform’s DeFi expansion.
For those seeking Bitcoin alternatives, crypto presales like Bitcoin Minetrix and Launchpad XYZ remain appealing options worth considering.
dYdX, a decentralized exchange now operating on the Cosmos ecosystem, recorded a massive trading volume of nearly $757 million.
This leap in activity has propelled it past Uniswap v3’s Ethereum market, which saw $608 million in trades during the same timeframe.
#dYdX Tops #Uniswap as Largest DEX by Volume
The decentralized exchange, which last year moved over to the Cosmos blockchain, just saw $757 million of volume over a 24-hour period pic.twitter.com/dye8ZFw46l
— Ajay Kashyap (@EverythingAjay) January 18, 2024
dYdX’s market share has risen to approximately 12%, edging out Uniswap’s 9.7%.
Despite leaving Ethereum’s more sizable community behind, dYdX’s move to Cosmos has brought benefits like the elimination of gas fees, now replaced by trade-based fees.
The platform’s focus on perpetual futures trading continues to attract DeFi investors.
With a total trade volume of $17.8 billion since its inception, dYdX v4 demonstrates a strong presence in the DeFi sector.
Flare’s market performance has also been notable, with the FLR price climbing over 9.11%, reaching $0.02299 so far today.
Flare onboards @GoogleCloud as an infrastructure provider to validate the network and contribute to the Flare Time Series Oracle.
Enshrining decentralized data delivery
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