Crypto News Week 3 and 4 (Part 3)
$DYDX $MATIC $UNI $BNB $ETH $SOL
Highlights of the week:
- Dydx rises 30% after delayed token release
- Polygon rises 16 ahead of mainnet launch
Decentralised exchange dYdX rallied 30% after it was announced that a $156 million token launch will be delayed from February to December.
The announcement, made in a blog post on Thursday, postpones a move that would have doubled the circulating supply as tokens were distributed to "investors, employees and advisors".
Elsewhere in the decentralised exchange ecosystem, Uniswap ended the week on a weak note, failing to respond to a poll showing 80 per cent support for making the protocol available on the BNB chain.
Polygon rises 16% ahead of mainnet launch
One of the best performing cryptoassets in 2022, Polygon , extends its winning streak into 2023.
Ethereum's scalable network rose 16% last week to become the tenth best-performing cryptocurrency, helped by the rise in daily transactions, trailing only BNB Chain.
Since the New Year, the token has risen 48% and some analysts believe the party has just begun. Possible bullish catalysts in the coming weeks include the launch of the zkEVM mainnet and the migration of Solana's main NFT projects DeGods and y00ts.