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
Sei community weighs proposal to deprecate native Cosmos accounts, move to EVM-only model Sei community weighs proposal to deprecate native Cosmos accounts, move to EVM-only model
Term Finance recovers $1 million of $1.6 million loss to oracle configuration error Term Finance recovers $1 million of $1.6 million loss to oracle configuration error
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
Latest News More More
2 Days Ago Crypto industry cheers progress in 'historic' stablecoin legislation as Senate advances GENIUS Act
3 Days Ago Vitalik Buterin suggests implementing ‘partially stateless nodes’ to help scale Ethereum
May 15 Synthetix proposes $27 million token swap to acquire options protocol Derive
May 14 FalconX partners with Standard Chartered to boost crypto offerings for institutional clients
May 13 COIN jumps 8% on news Coinbase will become the first pure-play crypto firm to join S&P 500 index

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