Tron (TRX) has been in bullish mode throughout the market downtrend, and it is still resisting the pullback while Bitcoin once again broke below $60,000.
Meanwhile, DTX Exchange (DTX) Uniswap (UNI) killer, called by experts, is working as a UNI killer. After the DTX testnet launched last week, Uniswap (UNI) has fallen more than 20% and slid below the $6 level. DTX Exchange is expected to take over the billion-dollar exchange industry with its innovative technology and community-focused approach.
New Ethereum Linked Memecoin Surges On Uniswap (UNI)
A meme coin, a new connection to Ethereum’s genesis block, soared rapidly to the top of the Uniswap (UNI) trading charts on the 28th of August. The data we see tells us that the PHIL token, recently introduced by a wallet supported by Ethereum’s Genesis block, grew in popularity very quickly on Uniswap V2. A few hours after the launch, the token got over $125 million in capitalization and became the most innovative coin.
PHIL is now being exchanged on the decentralized exchange Uniswap (UNI) V2, with the current price standing at about $0.06, down from $0.1356, its peak price only an hour after the launch. The research data provided by DEX Screener indicates that PHIL became the most traded asset by volume on Uniswap (UNI), and trading volumes soared by 86,000% from the beginning until now. The coin’s market cap is now over $68 million.
DTX Exchange (DTX): Bringing New Era In Trading
DTX Exchange is quickly gaining recognition for its wide range of potential benefits and strong security features, which are why it has become the most interesting investment to large-scale investors, such as those from Uniswap (UNI) and Tron (TRX). Analysts are predicting considerable gains.
The platform is the most suitable option for large-scale investors because of its exclusive benefits and strong security features. In contrast to conventional centralized exchanges (CEXs), DTX Exchange is based on an Ethereum blockchain, thus offering a secure and transparent trading environment.
DTX’s positive movement is driven by ongoing partnerships with other exchanges, new blockchain integrations, and upcoming DeFi features. These activities are expected to contribute to improved liquidity, increase the user base, and facilitate easy exchange of assets between platforms, thus making DTX the top participant in the DeFi sector.
The market is witnessing a recovery process following the recent downtrends, and DTX’s cutting-edge layer-1 blockchain technology is the project that you should pay attention to in the coming months. With the possibility of earning income and the optimism for growth and extension, DTX Exchange promises to become a leader in the new cycle and era of industry trading.
Why Is Tron (TRX) Surging Amid The Market Fall?
The main reason behind the continuous rise of Tron (TRX) is the significant increase in daily active addresses on the Tron (TRX) network, indicating growing interest and usage. The higher transaction volume also reflects increased activity and confidence in the network.
According to data from the crypto intelligence tracker Artemis Terminal, Tron (TRX) TVL grew from $8.3 billion on Friday to $8.6 billion on Monday, continuing an upward trend. Additionally, data shows that Tron (TRX) Chain’s decentralized exchange (DEX) trading volume surged from $237.9 million on Friday to $280.4 million on Monday, reaching its highest level since December 2022.