dtx

ChainCatcher news, according to on-chain data, the decentralized trading and liquidity protocol DTX.trade surpassed a cumulative trading volume of 10 million USD and a TVL of over 7.15 million USD within 24 hours of launching on the Taiko mainnet, ranking first in the Taiko ecosystem. Currently, DTX has become one of the most liquid DeFi protocols in the Taiko ecosystem, providing better support for trading Taiko native assets.On June 5, DTX announced the launch of a trading incentive program on the Taiko mainnet, offering rewards of 200,000 USD worth of TAIKO tokens to users who utilize the swap, perpetual trading features, and add liquidity.

ChainCatcher news, Christian2022.mid, co-founder of the crypto fund NDV and NFT whale, posted on platform X that yesterday a trader contributed $200 million in trading volume on DTX with one address. This doesn't seem like wash trading, as they used 100x leverage and only went long. The trader's transaction fees reached $100,000 and they are still in profit since Bitcoin's rise last night.