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News
DYDX Rallies 18% After Derivatives Exchange Delays Token Release
dYdX’s Decision to Postpone Unlock of Tokens to December Triggers Surge
By Samuel Haig
DYDX, the native token of the decentralized perpetuals exchange dYdX, soared 18% after the dYdX Foundation announced it will delay a scheduled unlock of 130M tokens worth around $300M by ten months.
Read the full story in The Defiant
NFT Collections
Pudgy Penguins and Doodles Seek Alternatives to Ethereum
Top NFT Collections Fear Return of High Gas Fees and Look to Layer 1s
By Samuel Haig
Despite Ethereum being the birth-place of NFTs, some of the network’s most popular NFT communities are expanding onto alternative Layer 1 blockchains. The reason? The threat Ethereum’s high gas fees may return.
Read the full story in The Defiant
Sponsored Post
Which platform delivered tens of millions to investors in 2022?
In the same year that everyday investors lost a whopping $350 billion, Masterworks had its best year yet – really. Their 9 art sales returned $25.8 million to investors, a record amount. Talk about a Happy New Year…
So, what did investors do with their cash? Charter a yacht in Ibiza? Finally close on that Alpaca farm? Maybe save a little? Naaah.
Either way, Masterworks wants to do the same thing for you. This fintech investing platform is unlocking an asset class that was once available only to billionaires.
To kick off the new year, Masterworks is inviting The Defiant readers to open a free, no-obligation account today. Isn’t it time you check them out?
“Net Return” refers to the annualized internal rate of return net of all fees and costs, calculated from the offering closing date to the date the sale is consummated. IRR may not be indicative of Masterworks paintings not yet sold and past performance is not indicative of future results. See important Regulation A disclosures at masterworks.com/cd.
Market Action
Optimism Activity Plummets After NFT Incentives End
OP Rallies To All-Time High
Transaction volumes on Optimism, a Layer 2 scaling solution for Ethereum, have plummeted after the end of a “learn-to-earn” incentives program last week.
Read the full story in The Defiant
Defiant Video
Podcast Video
An Inside look into Solana After FTX’s Collapse
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Sponsored Explainer
What is Vertex?
A Sponsored Primer on a Key Decentralized Trading Platform
The FTX collapse injected doubt into the very concept of centralized platforms. In contrast, decentralized exchanges offer both transparency and self-custody. But how can DEXs bridge the liquidity gap that CEXs offer?
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- Source: https://thedefiant.io/daily-defiant-dydx-rallies/
