dYdX attracts significant liquidity after releasing native markets
November 1, 2019, 6:02PM EDT · 5 min read
Quick Take
- Just two months after launching native markets, dYdX, a non-custodial exchange for margin trading, now sees the 3rd most volume for ETH/DAI and the lowest percentage slippage for $1,000 market orders
- dYdX also commands majority market share for non-custodial lending protocols, with attractive borrow and supply rates versus Compound and over $17m in DAI originations over the past month
- Market maker Wintermute Trading cites ease of integration and customer support for dYdX’s success in attracting liquidity to its native markets
dYdX is a non-custodial exchange for margin trading, borrowing, and lending built on Ethereum. In May 2019, the team transitioned their product focus to a professional-focused order book exchange, providing a seamless interface for users to leverage long and short Ether. More recently, the team rolled out their own native ETH/DAI and ETH/USDC markets, which […]
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