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Produced by Daniel Aharonoff & Mogul Media AI

Fjord Secures $4.3M Seed Round for Community Funding

Fjord Secures $4.3 Million Seed Round: A Game Changer for Community-Focused Funding In a pivotal moment for the burgeoning world of blockchain and cryptocurrency, Fjord has successfully closed a remarkable $4.3 million seed funding round. This achievement underscores the critical need for platforms that not only connect innovative projects with dedicated backers but also prioritize fairness and transparency in the funding process. For more insights into Fjord’s potential impact, check out Fjord . A Strong Backing The oversubscribed round was led by Lemniscap , a reputable investment firm known for its focus on emerging crypto assets. Other notable participants included Mechanism Capital , Zee Prime Capital , and Castle Capital , along with a roster of angel investors such as Crypto Kaduna , Fomosaurus , Joshua Rager , and Danny Wilson of Illuvium fame. This diverse group of investors highlights the growing confidence in Fjord's mission and its potential impact on the blockch...
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Produced by Daniel Aharonoff & Mogul Media AI

dYdX Surpasses Uniswap v3: Becomes Largest DEX by Daily Trading Volume

dYdX's recent milestone of becoming the largest DEX by daily trading volume marks a significant achievement in the world of decentralized exchanges. The shift from Ethereum to Cosmos and the subsequent activation of full trading under the new infrastructure have proven to be strategic moves, as evidenced by the impressive $542.5 million in trading volume recorded over a 24-hour period for the v4 version of dYdX on Cosmos, surpassing Uniswap v3's $464 million. Here are some key points to consider regarding this development:

  • dYdX now holds 10.7% of the crypto market share, indicating a strong position in the decentralized exchange landscape.
  • The migration to platforms other than Ethereum reflects a broader trend of decentralized exchanges diversifying and gaining prominence on alternative chains.
  • Solana's DEX volume surpassing that of Ethereum in December demonstrates the growing popularity of decentralized exchanges on networks with lower fees.
  • The price of dYdX's token currently sits at around $3.015, showing a slight retracement from the previous day's high of $3.14 and hovering below the price resistance level of $3.10.
  • The exponential moving average (EMA) analysis suggests a potential reversal in price correction for dYdX's token, with the shorter period EMA crossing above the longer period EMA indicating a bullish signal.

The success of dYdX in achieving the largest DEX status by trading volume underscores the evolving landscape of decentralized exchanges and the potential for further growth and innovation in this space.

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