Decentralized exchange dYdX has released its governance token, airdropping tokens worth up to $100k to the most active users on the platform. Airdrops have always been a popular way of rewarding early adopters in the cryptocurrency ecosystem - with protocols such as Uniswap and 1Inch also utilising them in their infancy.
A report by Nansen, a blockchain data firm, claims that high-value traders are responsible for the meteoric rise of the Binance Smart Chain (BSC), as opposed to retail investors. Nansen analysed blockchain data, such as active addresses labelled as big traders and stablecoin transactions to come to its conclusion.
Popular Liquid staking protocol, Lido, has expanded to the Solana ecosystem and now supports the native token of Solana - SOL. Lido also has plans to expand its protocol to the Polkadot blockchain and popular layer 2 solution Polygon.
Top stories in the Crypto Roundup today:
- Decentralized Exchange dYdX Airdrops Governance Token
- Nansen Report Shows High-Value Traders Responsible for BSC Growth
- Staking Protocol Lido Expands to Solana Blockchain