Vertex Protocol (VRTX) is seeing increasing volumes for spot and perpetuals. VRTX price rose 33% in 24 hours, hitting a high of $0.44 – 89% up from $0.22 on November 22. Total value locked (TVL) has reached $32 million.
Most altcoins are trading near year-to-date highs, mirroring Bitcoin’s march to its highest price in 18 months – above $38k. Analysts are pointing to a potential upward continuation for BTC.
Vertex Protocol (VRTX) is a decentralized exchange (DEX) on Arbitrum that offers spot, perpetuals and money markets. It has the hybrid orderbook-automated money maker DEX, with 24 hour trading volume surpassing dYdX for top volume DEX for perpetuals. With users incentivized via the Arbitrum (ARB) incentives program, trading volumes are likely to continue surging. The claim for the tokens is live, and users can earn rewards on trading fees with a maximum of 75% of taker fees. VRTX liquid staking allows holders to stake VRTX to generate voVRTX and earn rewards.
VRTX is listed on crypto exchanges such as Bybit, Bitget, and Gate.io. According to DeFiLlama, $566 million in derivatives volumes have been recorded in the past 24 hours. VRTX/USD is currently trading at $0.42, up 89% from its lows of $0.22 on November 22.
