The trading volume of popular Dex protocol dYdX nosedived by 80% overnight, dropping from a weekly high of $11.06 million to the current volume of $1.90 million. The volume of dYdX spiked over the weekend in the wake of the Chinese crypto ban, where many Chinese traders turned to defi as centralized exchanges such as The post Defi Update: dYdX Trading Volume Nosedives by 80% in 24-Hours, Here’s Why appeared first on Coingape.