📢 Gate Square Exclusive: #WXTM Creative Contest# Is Now Live!
Celebrate CandyDrop Round 59 featuring MinoTari (WXTM) — compete for a 70,000 WXTM prize pool!
🎯 About MinoTari (WXTM)
Tari is a Rust-based blockchain protocol centered around digital assets.
It empowers creators to build new types of digital experiences and narratives.
With Tari, digitally scarce assets—like collectibles or in-game items—unlock new business opportunities for creators.
🎨 Event Period:
Aug 7, 2025, 09:00 – Aug 12, 2025, 16:00 (UTC)
📌 How to Participate:
Post original content on Gate Square related to WXTM or its
$DYDX In the comments section, someone mentioned dYdX, which is quite representative. How is the situation of this former on-chain contract leader now? Let's continue to use AI analysis tools to take a look.
dYdX, an old project from 2017, was initially built on the Ethereum chain, and later constructed the dYdX Chain using Cosmos SDK technology, essentially creating its own chain. During the dYdX airdrop, both trading volume and price surged dramatically, enjoying a moment of glory, but now, times have changed.
According to the official website, in the past 24 hours, the total contract trading volume was 330 million. In comparison, we can see that hyperliquid has a trading volume of 5-6 billion for just the BTC trading pair, which is nearly 20 times that of dYdX. However, I looked at GMX, and its trading volume is only over 200 million. In contrast, dYdX's trading volume is still considered acceptable.
Overall, I personally rate dYdX quite low. First of all, dYdX still has a market cap of over 400 million, but the on-chain perpetual contract market has already lost its leading position, with hyperliquid occupying over 80% of the market. This shows that perp is also a sector with a significant head effect. Therefore, I do not recommend investing in dYdX anymore.
For friends who already hold dYdX, considering that dYdX is currently distributing 100% of the protocol revenue (to node stakers, liquidity providers, and the treasury), there is a certain level of user stickiness. Additionally, the current trading volume has not severely shrunk, and there are also recent trading incentive activities. Therefore, this round of market conditions can still be expected, but do not expect too much, and long-term holding is not recommended. As for the price, currently at 0.5, without considering speculation, it is suggested to gradually sell above 1 dollar. If it can reach 2 dollars, it is recommended to clear all holdings.
The above is a personal opinion and is for reference only. I will analyze some individual coins in the near future, so feel free to leave a message about any coins you are interested in.