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Stepn x Adidas Genesis Sneakers: A New Era in Fitness

The Stepn x Adidas Genesis Sneakers Collection: A Revolutionary Partnership The fusion of the digital and physical worlds is more than a trend; it is a burgeoning reality. The recent collaboration between Stepn and Adidas exemplifies this transformative shift. With the launch of the Genesis Sneakers collection, both companies are poised to redefine the boundaries of fitness, fashion, and technology in lifestyle rewards. This partnership is not only groundbreaking but also sets the stage for future innovations in the ever-evolving landscape of fitness applications and digital assets. A New Era of Phygital Experiences Stepn, a pioneering move-to-earn FitTech app, has taken a bold leap by teaming up with a global powerhouse like Adidas. This collaboration signifies a pivotal moment in the fitness and lifestyle sector, as highlighted by Stepn CEO Shiti Manghani: Phygital Partnership : The merging of physical and digital assets marks a new direction for lifestyle rewards. Enhanced...
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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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