China News by Thebittimes.Com

Pullix (PLX) continues to attract trader attention as its presale surpasses $3.8 million. Meanwhile, dYdX (DYDX), the native token of Cosmos-based decentralized exchange (DEX) platform dYdX Chain, has surged in the past week. This comes as dYdX flips Uniswap (UNI) to become the largest DEX by daily trading volume. As the market growth pushes the dYdX price higher, analysts say a new trading platform’s native token could be one of the best crypto to invest in today. This outlook comes as trader attention increasingly flips towards Pullix (PLX), a hybrid exchange project that’s currently in presale.  Here’s a look at dYdX’s milestone. Also find out why Pullix could be one of the top investment opportunities in 2024.     dYdX Chain: DYDX surges as volume flips Uniswap dYdX (DYDX) currently sits top of the ranking as the largest decentralized exchange ( DEX ) by trading volume . This is after the Cosmos-based dYdX surpasse...

Ethereum continues to be the dominant blockchain for developer activity, however, a few other chains continued to make ground. The notion that bear markets are good for builders appears to be true with the total number of monthly active Web3 developers increasing 5.4% to more than 23,300 over the last 12 months despite a near 70% drop in crypto prices. According to a Jan. 16 report from Electric Capital, “full-time” developers — categorized as those who contribute to 76% of Github commits — also increased 15.2% to over 7000, while “one-time” builders fell 6.2% to over 3,500 during the same time period between December 2021 and December 2022 Despite the crypto market capitalization beginning its long plunge from from its all-time high (ATH) of $2.9 trillion in Nov. 2021, monthly developer activity only began to fall in Jun. 2022 after the metric reached its record high of nearly 26,500. This fall was partly attributed to the fall in developer activity in the Terra ecosystem following ...