Keep up with what's happening in the crypto world in real-time.
All Filters (1)
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.
The Dydx chain, a proof-of-stake blockchain network, has successfully launched its mainnet and introduced dydx as its layer one (L1) token. On October 26, at 1 p.m. EDT, the network's validators created the first block, signifying the start of a new era for the Dydx chain.
The cryptocurrency market saw an eventful week with bluechips, memecoins and gaming tokens all taking part in the rally, signaling that crypto winter might be thawing. Floki Inu (FLOKI) topped the list with a whopping 85% gain as the memecoin continued its recent price surge, partially due to the TokenFi platform announcement.
On October 26, the dYdX Foundation officially pivoted from running an Ethereum layer-2 blockchain to supporting the layer-1 dYdX Chain (DYDX). This move can create more demand for its native token DYDX, which validators are staking to secure the network, and users are spending for the gas fees.
The dYdX Foundation has launched the dYdX Chain mainnet, a significant development that enhances the utility of the DYDX token in the realms of staking, security, and governance. This proof-of-stake network, built using the Cosmos SDK, positions DYDX as its Layer 1 token, further cementing its role in the dYdX Chain.
Stakers and validators will also earn all of the newly launched chain's fees for helping to secure the dYdX Chain.
dYdX completes the launch of its layer 1 proof-of-stake blockchain with the creation of its genesis block by chain validators.
The dYdX Chain will allocate all accrued fees to its network validators and stakers, while tokens will need to be staked to vote on governance matters.
This shift denotes a substantial evolution for the project, moving it to a standalone Cosmos-based blockchain after previously relying on Ethereum Layer 2 scaling solution StarkEx.
In what is seen to be a monumental move, dYdX, a layer-2 decentralized exchange (DEX), is open-sourcing its code as the platform prepares to implement v4. The exchange has a total value locked (TVL) of over $353 million, according to DeFiLlama.
The dYdX version 4 and its standalone Cosmos blockchain has rolled out is alpha mainnet phase.
Crypto exchange dYdX has published open-source code for its new Cosmos-based blockchain. The new code includes “protocol, order book, interface and more,” the release said.
When it comes to crafting content, three essential elements come into play: “perplexity,” “burstiness,” and “predictability.” Perplexity gauges the intricacy of the text.
Introduced as a standalone app chain, dYdX Chain is able to handle 2,000 transactions per second. It also brings decentralization to many trading instruments for dYdX users, including orderbook, matching engine and so on.
In a groundbreaking move that highlights the principles of blockchain transparency, the decentralized exchange (DEX) dYdX has unveiled its latest initiative, ushering in the era of its version 4 upgrade. This significant development not only signifies a shift towards complete decentralization but also sets the stage for dYdX's transition from Ethereum's layer-2 network to a fully independent blockchain within the Cosmos ecosystem.
The transition of v4 to the mainnet will be decided through a governance vote overseen by the dYdX Foundation.
