DYDX Rallies 18% After Token Release Delayed

News

Podcast

Today’s Sponsors

Chainalysis is on a mission to build trust in crypto for a global economy built on blockchains. Learn more about our blockchain data platform and the work ahead here.

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

By Aleksandar Gilbert

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