dYdX launches Arcus DEX on Robinhood Chain as DYDX token drops 23%

On July 1, dYdX launched Arcus on the Robinhood Chain. Arcus is a decentralized exchange that supports tokenized equities and perpetual futures. Following the reveal of Arcus, trading volume soared over 650%, and the price of DYDX dropped to $0.138, representing a 23% decrease in value during those 24 hours. The introduction of Arcus fundamentally...