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Decentralized exchange dYdX entered beta mainnet for its layer-1 on Tuesday, enabling USDC staking rewards for the proof-of-stake blockchain.

In a groundbreaking leap for the world of decentralized trading, dYdX Chain has officially announced the launch of its Beta Mainnet phase, ushering in a new era of enhanced trading capabilities across a diverse array of 33 markets. This pivotal moment marks a significant shift in the landscape of decentralized derivatives trading, offering users unprecedented opportunities within a robust and efficient trading ecosystem.

Over 2 million DYDX tokens are expected to be released into circulation at the end of November.

The beta mainnet stage of the dYdX chain has finally gone live, thus launching active trading across different markets.

With Bitcoin crossing the $35K level, the altcoins are booming especially the DeFi sectors. The Top DeFi tokens are breaking multiple resistances to give double digit returns over the last week and teases an uptrend continuation. In the last 24 hours, the top DeFi token performers are DYDX, RUNE, and CAKE.

DYDX, the native token of the newly released eponymous chain and decentralized exchange, has risen by more than 20% in the past 24 hours, just 16 days before more than $500 million worth of the tokens will be released to early investors and core team members.

Major coins and tokens, including Solana, have cooled from their recent rallies.

Circle's CCTP was available on Noble's testnet on Nov. 3 and will launch on the network's mainnet on Nov. 28.

dYdX Chain's beta mainnet stage has gone live, enabling active trading across more than 33 perpetual markets.

The dYdX Foundation is pleased to announce the open-sourcing of software for a Bridge User Interface that, if deployed, could “facilitate the conversion by users of ethDYDX to DYDX, the layer 1 (L1) token of the dYdX Chain.

Hardly a week after moving $19M, FTX and Alameda research have transferred $13.6M to centralized exchanges.

For those less versed in blockchain technology, this development signifies a significant leap forward in the world of decentralized finance and cryptocurrency. The dYdX ecosystem, a powerhouse in the crypto space, has taken a significant step in its mission to provide a decentralized, transparent, and accessible financial infrastructure for users worldwide.

The dYdX Foundation that fosters the popular dYdX decentralized exchange has announced another big milestone as it seeks to migrate away from Ethereum to its own, Cosmos-based blockchain network.

The dYdX Chain launch introduces bridging and staking functionalities, allowing ethDYDX to DYDX token conversion and enhancing network security.

Explore the journey of the dYdX Chain as it embraces its L1 token, DYDX, enhancing protocol functionality and community engagement.

Two days after dYdX Trading Inc. announced the release of the dYdX Chain open-source software, the dYdX Operations subDAO officially initiated the mainnet genesis of the dYdX Chain on October 26, 2023. This marked a pivotal moment in the project's development, with Genesis Validators participating in the creation of the first block.

It appears that the dYdX Chain is ready to take up an active role in the decentralized finance (DeFi) sector.

dYdX, a significant decentralized exchange (DEX), has officially transitioned from its Ethereum base to launch its native chain. This marks the first instance of a major DEX opting for autonomy by setting up its own native blockchain.

The dYdX Foundation announces the launch of its mainnet and a new Bridge User Interface.

Decentralized cryptocurrency exchange dYdX has announced the launch of its layer-1 blockchain after the successful creation of its genesis block. The new blockchain will operate using the native DYDX tokens.

Antonio Juliano, dYdX founder, has flagged an upcoming large-scale migration of locked $DYDX tokens to the dYdX Chain following its recent launch. This migration, strictly abiding by legal agreements, marks a significant phase in dYdX's transition to a layer-1 blockchain, amplifying the utility of DYDX tokens for staking and governance purposes.

In a groundbreaking move, dYdX, one of the forerunners in the world of decentralized derivatives, has ushered in a new era by launching its alpha mainnet for version 4. This development comes hand in hand with the unveiling of a standalone Cosmos-based blockchain.

With optimism in the crypto realm, dYdX introduces V4, a fully decentralized trading platform, while its token remains resilient.

In a groundbreaking development, dYdX, a layer-2 decentralized exchange (DEX), is taking a momentous step by open-sourcing its code as it gears up for the implementation of version 4 (v4). DeFiLlama data reveals that dYdX currently boasts a total value locked (TVL) exceeding $353 million, showcasing the platform's impressive growth in the decentralized finance (DeFi) ecosystem.