Decentralized Exchange (DEX), dYdX, Raises $10 Million Following A Record 2020

2021-1-28 21:10

Decentralized exchange dYdX has raised $10 million in Series B round led by Three Arrows Capital and DeFiance Capital, which the team calls “an important milestone.”

While a16z, Polychain Capital, Kindred Ventures, 1confirmation, Elad Gil, Fred Ehrsam continued their support, Wintermute, Hashed, GSR, SCP, Scalar Capital, Spartan Group, and RockTree Capital are the new investors in the DEX platform. Arthur Cheong, founder of DeFiance Capital said,

“We have been users since the early days and are excited to back dYdX in the current round to accelerate its mission to build the most powerful decentralized trading platform for cryptoassets.”

The funds raised will be used to add new assets and features, partnerships, strategically invest in international growth markets such as Asia, and further expand the team, which recently added six new members across engineering, design, & growth.

The DEX runs on smart contracts on the second-largest network, Ethereum, eliminating the need for a central exchange. The infrastructure of the decentralized exchange combines non-custodial, the on-chain settlement with an off-chain low-latency matching engine to deliver an institutional-grade, liquid, and low slippage trading experience.

The investment came after a “record” 2020 that saw the total cumulative trade volume across the perpetual, margin, and spot trading increasing 40x, reaching $2.5 billion in 2020, up from $63 million in 2019. Also, loan originations registered $17.4+ billion from dYdX lending pools.

In 2021, total cumulative trade volume has surpassed $3.5 billion, with the team preparing to launch Layer 2 solution with StarkWare for cross-margined perpetuals to scale lower cost in February.

Besides these metrics, dYdX users also jumped 4.8x with 38,588 unique wallets depositing funds into the exchange’s smart contracts.

dYdX, however, accounts for only 2.37% of total DEX volume, recording just over $5 million in volume in the last 24 hours. The majority of the DEX volume share is captured by Uniswap at 47.7%, followed by SushiSwap at 21.3%, and Curve and 0x at 11..21% and 9.69%, respectively, as per Dune Analytics.

The post Decentralized Exchange (DEX), dYdX, Raises Million Following A Record 2020 first appeared on BitcoinExchangeGuide.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

First Bitcoin Capital (BITCF) на Currencies.ru

$ 0.01244 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0.01244 - H: $0.01244
Капитализация $0 Rank 99999
Доступно / Всего 0 BITCF

capital million dydx exchange decentralized 2020 record

Источник: bitcoinexchangeguide.com

capital million → Результатов: 126


Bitfinex’s Parent iFinex Files A Discovery To Access $880M In Frozen Funds Under Crypto Capital

Bitfinex’s exchange parent company, iFinex Inc, recently filed a discovery application in South Carolina’s District Court in a dispute over its $880 million funds held by Crypto Capital. The past year’s regulatory pressures have been a big challenge to crypto players and now trickle-down effects are being experienced within the digital asset economy. Crypto Capital […]

2019-10-21 18:31


Фото:

Bitfinex Moves Judiciary to Unlock their $880 Million in Seized Capital

According to new court filings, Bitfinex’s parent company, iFinex Inc, has filed a discovery with relation to the $880 million seized from the exchange and its partner companies. These funds were held by Crypto Capital on behalf of Bitfinex and was seized by the FBI amid shadow banking allegations, as revealed by court filings, OctoberRead MoreRead More.

2019-10-21 15:00


PayPal co-founder invests in renewable energy-focused bitcoin mining facility

PayPal co-founder Peter Thiel recently made an investment into renewable energy centered Bitcoin mining facility called Layer 1 based in San Fransico. The firm revealed that it has raised $50 million from Series A funding rounds which attracted investment from Peter Thiel, Shasta Ventures, venture capital company Digital Currency Group and many other undisclosed investors.

2019-10-20 10:40


Фото:

What on earth is Kim Kardashian West doing at a tech conference in Armenia?

You might know Kim Kardashian West frombeen viewed more than 210 million times since its leak without her consent in 2007. Or from her marriage to 21-Grammy-award-winning musician Kanye West. But I’m curious about her latest claim to fame – being a speaker at the World Congress on Information Technology 2019, in Armenia’s capital… This story continues at The Next Web

2019-10-8 14:01


Фото:

Выпускник бизнес-инкубатора Y Combinator привлек инвестиции от Bitmain и Polychain Capital

Американский блокчейн-стартап NuCypher привлек $10,67 млн в рамках финансирования посредством продажи SAFT. Лид-инвестором выступил хедж-фонд Polychain Capital, к нему присоединились еще 10 инвесторов, среди которых бизнес-инкубатор Y Combinator и крупнейший производитель оборудования для майнинга Bitmain.

2019-10-8 17:29


Runa Capital вложился в потенциального лидера рынка онлайн-займов

Немецкий стартап Kreditech, основным направлением работы которого является выдача онлайн займов, привлек $22 млн финансирования. Известно, что компания использует средства для расширения бизнеса.

2019-9-26 08:18


Runa Capital вложился в потенциального лидера рынка онлайн займов

Немецкий стартап Kreditech, основным направлением работы которого является выдача онлайн займов, привлек $22 млн финансирования. Известно, что компания использует средства для расширения бизнеса.

2019-9-26 08:18


Фото:

Securitize Raises $14M From Santander, MUFG, Nomura

Security token issuance platform provider, Securitize, announced yesterday that it had banked $14 million from a group of investors, including Banco Santander, MUFG, and Nomura. Securitize Raises $30M in Total The blockchain-oriented firm extended its Series A round by securing investments from Banco Santander’s venture capital arm – Santander InnoVentures, Mitsubishi UFJ’s (MUFG) venture capital subsidiary MUFG Innovation Partners, and Japan’s Nomura Holdings.

2019-9-25 15:00


Matter Labs gets $2M to develop zero-knowledge proof technology

Matter Labs gets $2M to develop zero-knowledge proof technology - CryptoNinjas Matter Labs , an R&D company focused on bridging the gap between academic research on Zero-Knowledge Proofs and their applications in usable products, today announced a USD 2 million seed financing round led by Placeholder and joined by 1kx, Dekrypt, Hashed, and Dragonfly Capital Partners.

2019-9-24 18:00


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Bonfida DEX Restricts Access to US-based Users

Serum-based, Bonfida decentralized digital asset exchange (DEX) is the latest decentralized finance (DeFi) project to put the US in its restrictive region list. According to Bonfida's terms of use, the Bonfida DEX is not available to residents of the USA.

1Inch Network Restricts Access to US Users, imToken Blocks Chinese Users from using its DEX and DApps

Decentralized platforms might not be as decentralized as they claim to be. This can be seen with the decentralized exchange aggregator 1inch, which has started geofencing US IP addresses. “It looks like you are trying to use the linch dApp from a restricted territory or are using a VPN that shows your location as a […] The post 1Inch Network Restricts Access to US Users, imToken Blocks Chinese Users from using its DEX and DApps first appeared on BitcoinExchangeGuide.

1Inch Moves to Arbitrum For Faster Throughput And Lower Gas Fees  

Ethereum multi-chain solution, Arbitrum One is seeing major adoption by the day. The latest protocol looking to tap into lower fees and faster transactions is 1Inch Network. 1Inch Moves To Arbitrum According to a Wednesday tweet, popular decentralized cryptocurrency exchange (DEX) aggregator 1Inch Network announced support to Ethereum layer-two scaling solution Arbitrum.

Jack Dorsey is Building a KYC-Complaint DEX for Bitcoin with a Decentralized Identity Solution

Twitter CEO and co-founder Jack Dorsey have shared more details about his project that revolves around Bitcoin. Last month, Dorsey had said that decentralized finance (DeFi) on Bitcoin is his new goal — “an open developer platform with the sole goal of making it easy to create non-custodial, permissionless, and decentralized financial services” and that […] The post Jack Dorsey is Building a KYC-Complaint DEX for Bitcoin with a Decentralized Identity Solution first appeared on BitcoinExchangeGuide.