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Crypto Reporter

Online magazine about cryptocurrencies, NFTs, DeFi, GameFi and other blockchain technologies

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DTX Exchange Makes History With Sign-Ups as DeFi Protocol Takes Over Cardano and Aave Market Share

August 7, 2024 By Crypto Reporter

DTX Exchange, after raising $1 million in a short period of time, has again made history with more than 12,000+ sign ups just after its two-month launch. Traders and investors are aggressively signing up for the platform, which is the first hybrid exchange.

Cardano (ADA) and Aave (AAVE) investors have shifted into the DTX Exchange after the report came out. Another reason for the shift of Cardano (ADA) and Aave (AAVE) is the overall market condition, but DTX Exchange is leading the way by rising 100% last month from $0.02 to its current level of $0.04.

Cardano (ADA) Rejecting The Lower Levels

The market’s bearish strength is clear after the anticipation of a recession. Most coins are trading near the lows, but Cardano (ADA) has been rejected from the lower levels and has climbed around 10% from the low. Carano (ADA) hit the low of $0.2774 but is now trading at the $0.3104 level.

Cardano (ADA) price is trying to sustain above the support level of $0.32. If the Cardano (ADA) price bounces from this level, we can potentially see a double bottom and the start of a new trend upwards.

Aave (AAVE) Earns $6 Million In Market Correction

On Monday, the decentralized finance (DeFi) protocol Aave (AAVE) made headlines by generating $6 million in revenue during a dramatic crypto market sell-off. Despite the broader market collapse, Aave (AAVE) showed resilience.

Aave (AAVE) protocol navigated stress across 14 active markets on various Layer 1 and Layer 2 solutions, securing $21 billion in value. Aave (AAVE) founder Stani Kulechov highlighted the platform’s performance on X, saying, “Aave (AAVE) Protocol withstood market stress across 14 active markets on various L1s and L2s, securing $21B worth of value.”

DTX Exchange Making History With More Than 12,000 Signups

The strong demand for the DTX Exchange presale highlights the growing strength of the crypto market. Investors from Cardano (ADA) and Aave (AAVE) are adding DTX Exchange to diversify their portfolios, while other coin holders have sold their positions due to weak price action.

The platform supports quantitative and algorithmic trading with advanced tools and APIs for automated strategies. These features allow traders to capitalize on market inefficiencies with unmatched efficiency and accuracy, elevating their trading performance.

DTX Exchange addresses leverage and speed issues for traders, offering lightning-fast execution speeds averaging 0.04 seconds. This ensures traders can quickly seize market opportunities and stay ahead of the competition in the fast-paced trading world.

The platform has shown impressive growth, raising over $2 million in a private seed round and over $1 million in the presale. Early investors see rising potential, with the current token price at $0.04 and a projected increase to $0.12 at the time of launch.

Learn more:

Visit DTX Presale

Read Whitepaper

Join The DTX Community

Disclaimer: The statements, views and opinions expressed in this article are solely those of the content provider and do not necessarily represent those of Crypto Reporter. Crypto Reporter is not responsible for the trustworthiness, quality, accuracy of any materials in this article. This article is provided for educational purposes only. Crypto Reporter is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Do your research and invest at your own risk.

Filed Under: General News, News

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