DeXe Research Hub | DEXE information, history and analysis
The DeXe Network is a decentralized trading ecosystem that connects traders and pool investors through smart contracts. The DeXe Network was created to serve as a new toolkit for DeFi users, making it easier to copy top traders, make profit margins, control financial risk, and manage assets safely. Talented traders also benefit from the network by receiving a payment from the people copying their portfolios.
DEXE is the Token of the DEXE Network ecosystem that runs on the Ethereum blockchain and adheres to ERC20 standards. DEXE holders will receive a percentage of the profits generated by the platform’s business operations and vote for proposals related to ecosystem development in the future. In addition, users can stake DEXE into the loss prevention insurance fund.
Bitcoin experienced significant volatility, dropping under 90,000 USD due to selling pressure. It hit a low of 89,256 USD before recovering by approximately 6,000 USD to reach about 95,000 USD as investors bought back in.
Altcoins continued to decline, with DEXE noting the largest loss of over 13%. Ethereum also dipped below 3,000 USD, achieving a low of 2,920 USD prior to recovering to 3,165 USD, indicating a challenging trading environment for these assets.
Recently, DeXe Network’s X account has shared details about DeXe DAO’s latest strategic plan. Highlights include the releasing DeXe Protocol on Ethereum and the launching of a Staking-Governance feature within #DAO.
Following this announcement, $DEXE showed a strong positive reaction, surging by 30% within 24 hours to reach $19.5 this morning. In addition, DEXE’s 24-hour trading volume soared to $31.95 million, tripling the average volume recorded over the past 10 days.
On December 21st, DeXe, a decentralized trading platform renowned for its portfolio copy-trading feature, introduced a new DAO-specific staking mechanism.
Designed to attract new users, reward active contributors, and foster community loyalty, this mechanism has been well-received by the market.
Following the announcement, DEXE reacted positively, surging 19% from 9.14 USD on December 21st to 10.94 USD today.
Fantom (FTM) is the top gainer: Fantom (FTM) stands out today, leading the market with impressive growth. Its strong performance on December 14, 2024, highlights investor confidence, making it a focal point for those seeking new opportunities in cryptocurrency investments.
Significant rises for Algorand and DEXE: Both Algorand (ALGO) and DEXE (DEXE) have demonstrated noteworthy increases. Such upward trends in their market values reflect changing sentiments, positioning them as attractive options for investors looking for robust returns in the current landscape.
DWF Labs recently announced that it has established a partnership with DeXe Network (DEXE) to elevate DeXe Protocol’s allure to a broader user base and to facilitate the uptake of DeXe’s technology across various platforms.
As part of this partnership, DWF Labs purchased 300 thousand DEXE (~$4.74 million) from the DEXE DAO treasury wallet.