The issue facing the blowing DeFi application dYdX is one which typically concerns investors throughout the cryptosphere: Despite the huge growth of, and gains posted by the protocol recently, is there an inherent risk that the phenomenon is a bubble that is ready to burst?
PERP and DYDX are the two DeFi tokens leading the current boom in the crypto market. PERP token has recorded a 55% gain in the last 24 hours, taking its trading price to $17, according to data from Messari.
The latest fundraise will help dYdX steer ahead its goals of platform improvement as well as solve matters related to liquidity provision on the exchange. dYdX is also looking to add more assets and launch a mobile app in the near future.
