THIS NEWSLETTER IS SPONSORED BY | What's behind dYdX's explosive growth and skyrocketing revenue? | Quick Takes - dYdX has seen soaring volumes and rapidly rising revenues in recent months.
- We take a look at the technology that has enabled this, and what incentives have spurred it on.
| Derivatives exchange dYdX is proving to be one of the first success stories on Ethereum's layer two.
On September 30, the exchange crossed $70 billion in all-time trading volume. In recent days, its trading volumes have exceeded other centralized derivatives exchanges like BitMEX. And, in total, it has made more than $40 million in revenue since it launched.
Messari analyst Ryan Watkins points to data from Token Terminal that shows it has generated more revenue than any other DeFi protocol. "It's not even close." | | | Mexico's stock exchange is analyzing crypto-focused products | Mexico's stock exchange BMV (Bolsa Mexicana de Valores) has been evaluating the possibility of listing crypto-based financial instruments like futures, CEO José-Oriol Bosch Par said during an Oct. 5 discussion streamed on YouTube. | Chainalysis announces long-term partnership with Dapper Labs for monitoring NFT transactions | Dapper Labs will leverage Chainalysis' blockchain analytics tools to monitor transactions and ensure better compliance to regulatory guidelines. In particular, Dapper Labs plans to use Chainalysis' tools Know Your Transaction (KYT) and Reactor to respectively flag suspicious activity and investigate those interactions. | Digital currencies could 'reduce reliance on the U.S. dollar' says new Fed paper | In a paper published on October 6 and entitled "The International Role of the U.S. Dollar," leaders of the Fed's international finance department did not predict any dislodging of the U.S. dollar from its privileged position in the "foreseeable future." | | | THIS NEWSLETTER IS BROUGHT TO YOU BY | You may be wondering:
Why are fellow digital asset trading pros choosing to run their operations on Fireblocks?
How can Fireblocks streamline my operations?
Should I be on Fireblocks too?
Let us show you. | | | For a third consecutive quarter, the blockchain/crypto sector saw historic levels of capital allocation by private investors. During Q3, the industry received nearly $8 billion in private investment across 423 total deals or a 21% increase in venture funding Q/Q. | | | What's Next in Crypto and Payments | Crypto has become both a cultural and technological phenomenon—with a flurry of game-changing innovations (such as stablecoins and DeFi), surging digital currency values, and even professional athletes getting paid in Bitcoin.
If your head is spinning from the seemingly endless barrage of crypto headlines, you're not alone. That's why we put together a webinar to help you cut through the noise and discover what's truly worth knowing about where crypto is heading.
Panelists: Lily Glazer, Blockchain/NFT Strategist, Manchester United
Michael McCaffrey, CEO, The Block
Sina Nader, COO, FTX US
AJ Shanley, Global Head of Crypto Solutions, Visa | | | Digital Assets Can Do It Better | How can our industry defend against rising scrutiny, forthcoming legislation and agency rule-making? The same way we have for the past decade; show them that crypto and digital assets offer fundamentals that are simply better than the alternative. | | | You are receiving this e-mail because you are subscribed to The Block's free newsletter. If someone shared this newsletter with you, you can easily subscribe to receive it in your inbox here. If you're looking for even more content, we have a separate newsletter for The Block Research, which you can sign-up for here. | | | | |
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