According to CoinMarketCap, more than 9B$ has been traded in this exchange platform crushing out big platforms like Uniswap and Coinbase
What's dYdX? It is a non-custodial exchange meaning the users will utilize their own blockchain wallet to make transactions on the decentralized exchange
Who is China? Most of the cryptos were hammered after china telling it is banning crypto for n'th time maybe but tokens like dYdX, PERP saw an insane rise in transaction volumes
Though some crypto gurus are telling that this bull run is for the short term since china completely banning crypto is bad for the whole ecosystem.