{"id":24737,"date":"2023-11-26T16:08:04","date_gmt":"2023-11-26T16:08:04","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/crypto-token-outlook-this-week-vertex-protocol-vrtx\/"},"modified":"2023-11-26T16:08:04","modified_gmt":"2023-11-26T16:08:04","slug":"crypto-token-outlook-this-week-vertex-protocol-vrtx","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/crypto-token-outlook-this-week-vertex-protocol-vrtx\/","title":{"rendered":"Crypto token outlook this week: Vertex Protocol (VRTX)"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/11\/crypto-market-watch-vertex-protocol-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/11\/crypto-market-watch-vertex-protocol-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/11\/crypto-market-watch-vertex-protocol-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/11\/crypto-market-watch-vertex-protocol-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li><span style=\"font-weight: 400\">Vertex Protocol (VRTX), the decentralised exchange (DEX) on Arbitrum, is seeing increased volumes for spot and perpetuals.<\/span><\/li>\n<li><span style=\"font-weight: 400\">VRTX price was 33% up in 24 hours, hitting $0.44 and 89% up from $0.22 on November 22.<\/span><\/li>\n<li><span style=\"font-weight: 400\">Total value locked (TVL) has reached $32 million.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">Most <a href=\"https:\/\/coinjournal.net\/news\/tag\/altcoins\/\">altcoins<\/a> are trading at near year-to-date highs after mirroring Bitcoin\u2019s march to its highest price in 18 months \u2013 the spike to above $38k.<\/span><\/p>\n<p><span style=\"font-weight: 400\">With the overall market outlook remaining bullish, analysts are pointing to a potential upward continuation for BTC.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Here is what to know about Vertex Protocol (VRTX) going into next week.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Vertex (VRTX)<\/span><\/h2>\n<p><span style=\"font-weight: 400\">The Vertex Protocol is a decentralized exchange (DEX) on Arbitrum that offers spot, perpetuals and money markets. The hybrid orderbook-automated money maker DEX has seen increased volume in the past few days, with its 24 hour trading volume surpassing <a href=\"https:\/\/coinjournal.net\/dydx\/\">dYdX<\/a> as top volume DEX for perpetuals.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Another 24h volume ATH for <a href=\"https:\/\/twitter.com\/vertex_protocol?ref_src=twsrc%5Etfw\">@vertex_protocol<\/a>!<\/p>\n<p>It surpassed dYdX for the No. 1 perp dex in volume. <a href=\"https:\/\/t.co\/QqGiOSkacW\">https:\/\/t.co\/QqGiOSkacW<\/a> <a href=\"https:\/\/t.co\/FQdZQfl7OD\">pic.twitter.com\/FQdZQfl7OD<\/a><\/p>\n<p>\u2014 Laevitas (@laevitas1) <a href=\"https:\/\/twitter.com\/laevitas1\/status\/1728611638553776315?ref_src=twsrc%5Etfw\">November 26, 2023<\/a><\/p>\n<\/blockquote>\n<h2><span style=\"font-weight: 400\">Vertex Protocol TVL and price<\/span><\/h2>\n<p><span style=\"font-weight: 400\">With users incentivized via the recently <a href=\"https:\/\/twitter.com\/vertex_protocol\/status\/1726945133831295443\" target=\"_blank\" rel=\"noopener\">launched<\/a> Arbitrum (ARB) incentives program, trading volumes are likely to continue surging. The ARB incentives week 2 saw over 210,000 ARB tokens distributed to traders last week.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The claim for the tokens is live, adding to the incentive that earn traders VRTX via the Vertex Protocol\u2019s Trade &amp; Earn program. Users are thus poised to 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.<\/span><\/p>\n<p><span style=\"font-weight: 400\">According to<\/span><a href=\"https:\/\/defillama.com\/protocol\/vertex-protocol\"> <span style=\"font-weight: 400\">DeFiLlama<\/span><\/a><span style=\"font-weight: 400\">, a total of $32 million has been staked on the Vertex chain, with $566 million in derivatives volumes recorded in the past 24 hours.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">VRTX is currently listed on crypto exchanges such as Bybit, Bitget, and Gate.io. Data from CoinGecko shows the VRTX price is up 34% in the past 24 hours and reached a high of $0.44. VRTX\/USD is currently trading at $0.42, up 89% from its lows of $0.22 on November 22.<\/span><\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/crypto-token-outlook-this-week-vertex-protocol-vrtx\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) Vertex Protocol (VRTX), the decentralised exchange (DEX) on Arbitrum, is seeing increased volumes for spot and perpetuals. VRTX price was 33% up in 24 hours, hitting $0.44 and 89% up from $0.22 on November 22. Total value locked (TVL) has reached $32 million. [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":24738,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/24737"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=24737"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/24737\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/24738"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=24737"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=24737"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=24737"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}