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TheBlock
2019-11-01 22:02:15

dYdX attracts significant liquidity after releasing native markets

Quick TakeJust 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 ordersdYdX 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 monthMarket maker Wintermute Trading cites ease of integration and customer support for dYdX’s success in attracting liquidity to its native markets