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dYdX’s growth may have changed DEXs, but can it sustain itself
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In the world of DeFi, dYdX has made a name for itself by giving consumers exactly what they want. A decentralized exchange (DEX) platform with the same advantages that users would have in a centralized exchange (CEX), without the drawbacks of DEXs.
However, the question is – How long will it be before DEXs become mainstream and how can dYdX’s development over time warrant it as the top DEX?
dYdX has been the leader of the DEX space for over 2 months now. Despite it being in existence for over 2 years now, the DEX only began rising in August this year. In fact, in less than a month, its trading volume jumped from $611 million to more than $9 billion at one point.
dYdX trading volume | Source: TokenTerminal
What’s more, at the moment, the DEX
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