DYDX
dYdX Bans Accounts In Wake Of Tornado Sanctions
The Move Underscores The Centralization Prevalent In Crypto
Industry Insiders Weigh In On dYdX’s Planned AppChain
With V4 planned on Cosmos, experts around the industry are mulling over what dYdX’s move means for the broader crypto industry.
dYdX To Deploy Own Blockchain On Cosmos
Derivatives Exchange dYdX Plans To Move Away From Ethereum And Develop Its Own Cosmos-based Blockchain For Its V4 Iteration.
Margin Trading Exchange dYdX to Fully Decentralize in 2022
One of the most widely used exchanges in DeFi plans to fully decentralize by the end of 2022.
dYdX Now Accounts for More Than All Other DEX Trading Combined
Non-custodial exchange dYdX has climbed to the top of the DEX rankings by trading volume, beating out Uniswap, for the first time. More than $9B has been exchanged on the trading platform in the last 24 hours, according to data provider CoinMarketCap. Uniswap’s V3 lands in second at $1.2B, the only other DEX to trade…
dYdX Drops Over $1B to Past Users in Airdrop
Margin trading protocol dYdX launched its native token with one of the largest distributions in decentralized finance. dYdX dropped 7.5% of its initial billion-strong token supply on Sept 8. At the current price of $11.12, those 75M tokens are worth more than $800M. At one point the airdropped tokens’ value eclipsed $1B. That’s up there…
dYdX Launches Layer 2 Perpetuals Powered by StarkWare
dYdX launched its cross-margined perpetuals product on a Layer 2 scaling solution powered by blockchain software developer StarkWare. The move is significant as it highlights how some of Ethereum’s most well-known DeFi projects are migrating to scaling solutions amid rising gas costs to operate directly on Ethereum’s Layer 1. $10M Trading Volume StarkWare co-founder and…
dYdX is Latest Major DeFi Project to Move to L2
Trading Ethereum-based assets is about to get cheaper. Decentralized exchange dYdX is moving its perpetual derivatives trading off the Ethereum main chain to a Layer 2 scaling solution. dYdX, the 7th largest DEX by volume, is moving its cross-margined perpetuals contracts to a Layer 2 protocol built over the past seven months together with StarkWare,…
dYdX Closes Series B with $10M Investment
dYdX closed its Series B round with an investment of $10M led by Three Arrows Capital and DeFiance Capital. Other investors include Wintermute, Hashed, GSR, SCP, Scalar Capital, Spartan Group, and RockTree Capital. The dYdX exchange, which focuses on derivatives trading, notes that since launching its decentralized perpetual contracts for three markets in 2020, it’s…
