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AERO - lots of people soon returning to Coinbase on this next run and that is the core DEX on Base. users that want to try out this “DeFi” thing will likely encounter this first. I’m also a big fan of the DEX it’s a fork of on OP - Velodrome. ILV - been buying this up the last two years but it’s still within a great buying range. if any gamefi has a chance to break out it’s Illuvium. if you stake you also get ecosystem fees. SNX/KWENTA - they are the OG Defi protocol about to make a serious run at having centralized exchange experience on chain.
Top 10 decentralized perp dexes by trading volume over the last 30 days. #dYdX $DYDX - $17.3B #HMX $HMX - $2.16B #Kwenta $KWENTA - $1.84B #Vertex - $1.79B #ApolloX $APX - $1.51B #GMX $GMX - $1.49B #GainsNetwork $GNX - $1.2B #Polynomial - $971M #PerpetualProtocol $PERP - $606M #MUXProtocol $MUX - $596M https://twitter.com/CryptoRank_io/status/1707020686835736905
Perp dexes are popping up more and more every day. GMX, KWENTA, DYDX and GNS are all growing all the time as well as a few other newer ones. This trend will likely only accelerate imo.
They're starting to give out OP rewards to the big protocols on their network like HOP and KWENTA who are passing it on to users. Most of the people getting these are turbo farmers.
Every pick should be separated on parts, to get more in possible FUDs (as today) old ones ADA and Link bought on dips looking good. OP and ARB good to. new ones JOE, RDNT, KWENTA are great in future. PS. Everyday we got new heroes, like PEPE todays burst) insights, etc
tldr; Kwenta (KWENTA) jumped by 20% on Friday, defying a nearly universal crypto market downtrend. Kwenta is a derivatives DEX that offers exposure to real-world and on-chain synthetic assets using the Synthetix protocol. The 262nd-ranked crypto asset by market cap first went live last November and set an all-time high of $680. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Get more of today's trending news [here](https://coinfeeds.substack.com).*
$KWENTA grinding up a casual 3.5x while the market gets crushed in this range.
I’m bullish on KWENTA. I think SOL keeps crashing so it’s shit.
I have a suggestion here, from my research I stumbled on KWENTA it's having an insane run of price uptrend. It is a decentralized derivatives trading platform, live on Optimism, offering real-world and on-chain synthetic assets using the power of the Synthetix protocol. However DYOR is vital. I also learnt the token just got listed on MEXC and the token is trading at $393 atm.
So after $KWENTA’s move it looks like $THALES is up next up from the Synthetix family to break out. Especially with March Madness right around the corner. See ya at 2 bucks.
KWENTA being an absolute monster.