Decentralized exchange dYdX announced its Cosmos-based appchain dYdX Chain's (also known as V4) v1.0 is officially released, with the code, including the protocol, orderbook, front end, and more, audited and open-sourced.
dYdX announced the plan to develop an appchain in the Cosmos ecosystem last year in June. According to the press release, the dYdX Chain can offer up to 2,000 transactions per second and all parts of the protocol will be fully decentralized. dYdX Trading will not run any part of the infrastructure behind any deployment of the new dYdX Chain, and will no longer earn trading fee revenue. The deployment and operations of the new chain will be handed over to third parties.
Related: dYdX Trading to Transform into a Public Benefit Corporation and No Longer Earn Trading Fee Revenue
Stay updated with the most important cryptocurrency news and valuable insights, conveniently delivered to your email every day. Subscribe to the TokenInsight mailing list now!
Prefer social media? Follow us on Twitter, or subscribe to our Telegram channel!
If you have news reports or announcements that you want to reach a wider audience, feel free to email us at news@tokeninsight.com
DeFi
DEX
Cosmos
dYdX
