Scaling
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,…
Eth2 is Already Among the Largest PoS Chains
Phase 0 of Eth2 is set to kick off on its targeted launch date of Dec. 1 now that more than 584,224 ETH (or about $350M) is staked in the deposit contract. The historic threshold was needed to deploy the Beacon Chain, the new primary source of truth for Ethereum as it transitions from Proof…
