Interesting to analyze the organic trading activity on the platform without incentives. Although we had a significant drop over the weekend, we are back among the top volume positions in the ranking. A good foundation to make the protocol sustainable. At these prices, I believe the market is currently pricing in the expectation that we won’t see growth like we did in the past year. However, if we do experience growth, it’s clear that the market is significantly undervaluing it.
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this volume is split between V3 and V4 though, with V3 currently doing $148M
(dYdX)
and V4 doing only $210M
(dYdX Chain Markets | Explore Tradable Pairs and Market Dynamics)
considering that V4 gains nothing in terms of volume from V3, our ranking is at best 6 or 7 in terms of volume at the moment
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