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dYdX is gearing up to introduce decentralized order books within its exchange. dYdX Foundation's vice president of strategy David Gogel discusses the move, along with a new report outlining the future of the dYdX ecosystem.
The dYdX Foundation, the non-profit organization overseeing the decentralized cryptocurrency exchange dYdX, has released its semi-annual report, which details the ecosystem's incredible growth and achievements in 2023.
Decentralized exchange dYdX founder Antonio has clarified that there are no plans for additional token inflation to compensate validators on the dYdX Chain. The current token distribution model, which has reduced inflation by over 60%, will continue to be implemented.
dYdX has experienced a $1.5 trillion trading volume in six months, with 2 million new users and 80% of trades on Layer 2. The platform has implemented 20 governance proposals and distributed $500 million in staking rewards.
The foundation fostered the development of the dYdX protocol and grew the dYdX community in preparation for the release of the dYdX Chain.
The dYdX Foundation has unveiled its 2023 Semi-Annual Ecosystem Report, offering a comprehensive overview of the achievements within the dYdX ecosystem. The report details the substantial progress witnessed throughout 2023 amid rather challenging market conditions.
The decentralized financial world thrives on transparency, adaptability, and the fearless challenge of established norms. And guess who's been at the epicenter of this financial maelstrom in 2023?
The dYdX Foundation has announced the publication of the dYdX 2023 Semi-Annual Ecosystem Report, which details the accomplishments made throughout the dYdX ecosystem.
dYdX' move to establish a "purely decentralized" order book reflects an industry-wide quest to further these decentralized ideals.
dYdX Foundation CEO Charles d'Haussy said that the dYdX exchange is taking a "new step forward" by decentralizing the order book.
DYDX holders have voted to make the token the native asset for the new soon-to-be-launched dYdX Chain as the decentralized exchange (DEX) gears up to migrate from Ethereum (ETH) to its own network.
A governance vote approved a proposal to transition dYdX to version 4 and make DYDX the Layer 1 token for its planned blockchain.
August 29, 2023 marks a significant step for dYdX, a decentralized exchange, as it plans to unleash $14.02 million in its unique DYDX tokens. The company is directing this financial move to bolster its community treasury as well as reward traders and those who provide liquidity to the platform.
The dYdX (DYDX) community unanimously voted in favor of Wintermute proposals, including adopting the dYdX version 4 (V4) software, as a $14 million token unlock got underway
DYDX, the native token of a decentralized exchange (DEX) with the same name, has been on a good run in the past few days. According to CoinGecko data, the cryptocurrency's price jumped by 10.7% in the past week, reflecting a positive performance after an unfavorable start to August.
The dYdX community is voting on a Wintermute proposal to upgrade to version 4 and introduce DYDX as the Layer 1 token for the upcoming dYdX Chain.
Out of the lot, 2.49 million DYDX tokens — worth $5.36 million — will be allocated to the community treasury. The treasury funds contributor grants, community initiatives and liquidity mining among other programs.
In the ever-evolving landscape of cryptocurrency, all eyes are currently fixated on the dYdX (DYDX) token, which finds itself navigating through a period of notable price volatility in the build-up to a highly anticipated token unlock event. Over the past week, the token has exhibited a dynamic trading pattern, hovering around the $2.16 mark.
The community that oversees the dYdX protocol is looking to adopt dYdX v4 in a recent governance proposal.
Bitcoin (CRYPTO: BTC) moved slightly higher, with the cryptocurrency prices trading above the $26,000 level on Monday. Ethereum (CRYPTO: ETH), also recorded gains, trading above the key $1,600 mark this morning.
If you are an avid crypto investor, you will want to mark your calendar for this week. According to Token Unlocks, a slew of tokens, including AGIX, GAL, DYDX, OP, EUL, NYM, 1INCH, HBAR and ACA are set for a massive unlock.
dYdX founder Antonio Juliano has suggested that the crypto space should “give up” on the US markets for the next five to ten years and focus on other markets. Juliano argued that crypto projects could scale faster by not serving the US markets because they would not have to deal with a hostile regulatory climate.
Antonio Juliano has suggested that cryptocurrency builders should shift their focus away from serving customers in the United States for the next five to ten years.
The dYdX community is gearing up for a significant decision as they prepare to cast their votes on a crucial proposal dYdX V4 starting tomorrow.
