avatar

dYdX to Develop Its Own Standalone Blockchain in Cosmos Ecosystem

StarkEx-based DEX dYdX announced that it will develop its own standalone blockchain in the Cosmos ecosystem, and expand dYdX V4 to it. dYdX team said that the new chain will feature a fully decentralized off-chain orderbook and matching engine, which can support low latency trading with extremely high throughput. $DYDX is expected to be the Layer1 token of the network, used for staking to validators as well as governance. The team plans to open source dYdX V4 by the end of 2022.
Source

dYdX

DEX

Cosmos

DeFi

In This Article

Related News
Pump.fun launches DEX called PumpSwap to instantly migrate graduated token Pump.fun launches DEX called PumpSwap to instantly migrate graduated token
OKX suspends DEX aggregator following Lazarus 'misuse' and heightened EU scrutiny OKX suspends DEX aggregator following Lazarus 'misuse' and heightened EU scrutiny
Wildcat, the decentralized credit platform built by Crypto Twitter mainstay Laurence Day, launches new version on Ethereum Wildcat, the decentralized credit platform built by Crypto Twitter mainstay Laurence Day, launches new version on Ethereum
Jupiter acquires majority stake in Moonshot, announces 'Jupnet' and $10 million AI fund at Catstanbul event Jupiter acquires majority stake in Moonshot, announces 'Jupnet' and $10 million AI fund at Catstanbul event
Hyperliquid sees record outflows following North Korea hack concerns Hyperliquid sees record outflows following North Korea hack concerns
Latest News More More
8 Hours Ago Citigroup predicts stablecoin supply could hit $3.7 trillion by 2030
8 Hours Ago Ark Invest raises 2030 bull-case bitcoin price projection to $2.4 million on 'aggressive' modeling
1 Day Ago Zora airdrop triggers confusion as token launches without announcement, requires users claim manually
2 Days Ago pot bitcoin ETFs see $936 million inflows as 'safe haven' narrative strengthens
2 Days Ago Binance South Africa to require information on senders and recipients for local compliance

About TokenInsight

Services

Products

Support

Google Play
Google Play
Google Play
2018 – 2023 © TokenInsight Ltd. All rights reserved
Disclaimer Terms of Service Privacy Policy
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open