DYDX - Page 3
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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,…
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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…