Decentralized exchange dYdX has placed Solana trades in “close only” mode, which means users can only close out their existing positions and not open new ones. According to dYdX, market volatility is the cause of the change. The announcement that FTX, a cryptocurrency exchange that owns a significant investment in Solana, has gone bankrupt caused a sharp decline in the value of the SOL token for Solana today. SOL is now trading for $14.10, down 40% from $24 one day ago. dYdX – Hybrid Decentralized Exchange The entirety of dYdX’s activities is facilitated by code instead of a central intermediary, The post DeFi Exchange Platform dYdX Sets Solana to “Close Only” Mode appeared first on Cryptoknowmics-Crypto News and Media Platform .
