dYdX has processed more than $4.3 billion in transactions
According to CoinGecko, dYdX has processed more than $5 billion worth of transactions in the last 24 hours, surpassing other exchanges such as BitMEX and Bybit. The decentralized exchange is currently in the top 10 in global derivatives volume, and it will be interesting to see if it can hold that spot.It's worth noting that DYdX's native token (DYDX), which launched a few weeks ago after an airdrop, has also risen in USD value. Similar to most DeFi tokens, DYDX is up almost 30% today to $22 and even hit a new all-time high a few hours ago.
It looks like China is moving to DeFi
The most talked-about theory in the crypto community behind this sudden surge in trading volume and prices is related to China. As reported last week, the world's most populous country has once again gone after the crypto industry, banning all trading activity within its borders. Shortly after, Colin Wu, a Chinese blockchain journalist, pointed out that all local communities are "discussing how to learn DeFi" and predicted that they will "flood" to decentralized finance.Chinese journalist Wu Blockchain also showed that other derivatives exchanges are also seeing an increase in Chinese registrations. It looks like Chinese traders do not want to give up their trading opportunities. However, Wu also said that most of the transaction volume on dYdX was caused by farming, "rather than just demand." In this regard, he reminded his followers that the epoch1 of dYdX transaction mining would end in the next few hours. When epoch0 ended on August 31, the 24-hour transaction volume dropped by 90%, he concluded.
Continue reading by joining Cryptonary Pro
$1,548 $997/year
Get everything you need to actively manage your portfolio and stay ahead. Ideal for investors seeking regular guidance and access to tools that help make informed decisions.
For your security, all orders are processed on a secured server.
As a Cryptonary Pro subscriber, you also get:
24/7 access to experts with 50+ years’ experience Terms
All of our top token picks for 2025
On hand technical analysis on any token of your choice
Weekly livestreams & ask us anything with the team
Daily insights on Macro, Mechanics, and On-chain
Curated list of top upcoming airdrops (free money)
Our track record speaks for itself
With over 2.4M tokens and widespread misinformation in crypto, we cut through the noise and consistently find winning assets.
Our track record speaks for itself
With over 2.4M tokens and widespread misinformation in crypto, we cut
through the noise and consistently find winning assets.
Frequently Asked Questions
Can I trust Cryptonary's calls?
Yes. We've consistently identified winners across multiple cycles. Bitcoin under $1,000, Ethereum under $70, Solana under $10, WIF from $0.003 to $5, PopCat from $0.004 to $2, SPX blasting past $1.70, and our latest pick has already 200X'd since June 2025. Everything is timestamped and public record.
Do I need to be an experienced trader or investor to benefit?
No. When we founded Cryptonary in 2017 the market was new to everyone. We intentionally created content that was easy to understand and actionable. That foundational principle is the crux of Cryptonary. Taking complex ideas and opportunities and presenting them in a way a 10 year old could understand.
What makes Cryptonary different from free crypto content on YouTube or Twitter?
Signal vs noise. We filter out 99.9% of garbage projects, provide data backed analysis, and have a proven track record of finding winners. Not to mention since Cryptonary's inception in 2017 we have never taken investment, sponsorship or partnership. Compare this to pretty much everyone else, no track record, and a long list of partnerships that cloud judgements.
Why is there no trial or refund policy?
We share highly sensitive, time-critical research. Once it's out, it can't be "returned." That's why membership is annual only. Crypto success takes time and commitment. If someone is not willing to invest 12 months into their future, there is no place for them at Cryptonary.
Do I get direct access to the Cryptonary team?
Yes. You will have 24/7 to the team that bought you BTC at $1,000, ETH at $70, and SOL at $10. Through our community chats, live Q&As, and member only channels, you can ask questions and interact directly with the team. Our team has over 50 years of combined experience which you can tap into every single day.
How often is content updated?
Daily. We provide real-time updates, weekly reports, emergency alerts, and live Q&As when the markets move fast. In crypto, the market moves fast, in Cryptonary, we move faster.
Recommended from Cryptonary
