🚀 Injective may be gaining an important foothold in the Cosmos ecosystem!
More than US$80 million in USDC is awaiting migration to Injective—a move worth watching. The Cosmos Hub has already transferred its treasury to Injective’s USDC, while dYdX is considering migrating its US$68 million allocation through a vote.
With monthly trading volume exceeding US$1 billion, dYdX is a significant player in this situation.
In my view, this move goes beyond a simple stablecoin transfer. It shows how liquidity and integration between different ecosystems can influence the future of decentralized finance.
Now, the market is watching dYdX’s decision and the next steps in this potential migration. 👀
#dYdXPlansV9.9UpgradeToShiftUSDCToInjective #DYDX #INJ
$SHELL $MITO
More than US$80 million in USDC is awaiting migration to Injective—a move worth watching. The Cosmos Hub has already transferred its treasury to Injective’s USDC, while dYdX is considering migrating its US$68 million allocation through a vote.
With monthly trading volume exceeding US$1 billion, dYdX is a significant player in this situation.
In my view, this move goes beyond a simple stablecoin transfer. It shows how liquidity and integration between different ecosystems can influence the future of decentralized finance.
Now, the market is watching dYdX’s decision and the next steps in this potential migration. 👀
#dYdXPlansV9.9UpgradeToShiftUSDCToInjective #DYDX #INJ
$SHELL $MITO
