The dYdX Chain, a decentralized derivatives trading platform, has reached a significant milestone with the launch of its beta mainnet stage. This transition was made possible through a governance vote that received overwhelming community support. The beta stage allows for active trading across 33 markets, offering users the opportunity to engage in trading with leverage of up to 20x. While users won’t receive trading rewards during this phase, validators and stakers will accrue trading fees. The dYdX Chain’s evolution involved a strategic shift from relying on Ethereum Layer 2 scaling solution StarkEx to becoming a standalone Layer 1 blockchain on the Cosmos ecosystem. The platform’s focus is on stability and security, with token holders encouraged to stake their DYDX tokens with Validators to strengthen the network. The team is committed to transparency and will provide frequent updates to the community. The beta mainnet launch represents a significant step forward for decentralized derivatives trading, showcasing the platform’s dedication to innovation and community-driven governance.

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