global 706 crypto positive
The dYdX Chain has reached a significant milestone with the launch of its beta mainnet, allowing active trading across 33 markets. Users can now trade on the platform with up to 20x leverage. However, there will be no trading rewards during this beta stage. This transition follows a governance vote with overwhelming community support. The dYdX Chain has evolved from relying on Ethereum Layer 2 scaling to becoming a standalone Layer 1 blockchain on the Cosmos ecosystem. The platform’s focus on community-driven decision-making and meticulous testing highlights its commitment to providing a robust and efficient decentralized trading experience.

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Information Details
Geography Global
Sentiment positive
Relevance Score 1
People None
Companies dYdX Operations subDAO, dYdX Chain, Ethereum Layer 2 scaling solution StarkEx, Cosmos ecosystem
Currencies None
Securities None

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