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Binance, the world's largest digital asset ecosystem, has expanded its service offerings by integrating the dYdX (DYDX) mainnet into its platform, marking a significant enhancement in its trading infrastructure.
Binance, the leading cryptocurrency exchange, has announced the completion of the integration of dYdX (DYDX) mainnet. Deposits are now open, with withdrawals becoming available once there are sufficient deposits on the network.
With this integration, Binance now accepts DYDX deposits directly onto its mainnet. dYdX is a decentralized exchange built on Ethereum that focuses on derivatives and margin trading.
Ever since the dYdX Chain went live, the DYDX token has seen its use cases grow to encompass Staking, Governance, and Security. After a successful vote by the dYdX community, the dYdX Chain and its native Layer 1 coin, DYDX, launched on October 26th, 2023.
The dYdX Chain, together with its native Layer 1 token DYDX, was released on October 26, 2023.
DYDX has become the powerhouse of the layer-1 dYdX blockchain, enabling decentralized governance on the network.
Finbold encountered three cryptocurrencies to avoid trading in the first week of May due to significant token unlocks.
The DYDX token is an integral part of the dYdX Chain, focusing on decentralized financial (DeFi) instruments and derivatives. It has undergone significant changes after transitioning from Ethereum to the dYdX Chain, bringing new functionalities and an expanded utility.
TL;DR 2024 Forecast: dYdX is expected to trade between $2.10 and $9.88, with a potential to soar by 344.40% if it hits the higher end. 2025 Projection: The value of DYDX could potentially surge by 737.65% to reach $18.26 under optimal conditions. However, a more conservative forecast suggests that DYDX might surpass the $5.
dYdX is set to distribute $60-80 million in USDC to stakers as the platform's trading volume surpasses $100 billion in just five months.
To protect dYdX's DEX, the community decided to vote to stake $20 million worth of their native token, $DYDX. The staking approach is famous for preserving a platform against security threats.
A game-changer resolution made by the governance community in the secure DeFi platform dYdX in cooperation with decentralized derivatives exchange is the assignment of the largest portion of treasury funds, which goes to reinforce the security of the platform.
The dYdX DEX community has collectively voted to stake approximately $60 million worth of native token as a security measure.
The dYdX Chain, the underlying blockchain for the dYdX perpetual futures exchange, experienced a significant outage early Monday. The disruption, lasting for over nine hours, was attributed to a scheduled upgrade to version 4 of the chain.
The dYdX community has approved staking 20 million DYDX tokens to enhance security amid a surge in activity on the decentralized crypto exchange (DEX).
DYdX Chain, supporting the dYdX perpetual futures exchange, faced a significant nine-hour outage due to a scheduled v4 upgrade.
DYdX Chain, the blockchain built to house the perpetual futures exchange dYdX, experienced a “major outage” beginning early Monday morning. DYdX said the chain halt was caused by a scheduled v4 upgrade to the chain.
The dYdX community votes to stake $60 million in tokens with Stride, automating USDC rewards and bolstering network security.
TL;DR dYdX experienced a block production interruption after a scheduled update on April 8th. The development team is investigating the issue and seeking solutions with validators. The protocol has been active in implementing updates, including advancements in the order book and security improvements.
dYdX Chain faces a network outage for the first time since it migrated from Ethereum to Cosmos.
The decentralized derivatives exchange protocol, dYdX, went off the rails with an unexpected stop in its blockchain operations due to a planned upgrade, causing a major disruption to its mainnet services. However, engineers and system developers are now analyzing and remedying the issues.
The dYdX team said they are investigating and will reconvene with validators at 15:00 UTC today.
dYdX is facing a chain halt amid a scheduled upgrade, marking its first major outage since the launch of its fourth version. Cosmos-based dYdX Chain stopped producing blocks on Apr.
The outage has been ongoing for over two hours with no fix expected for several hours, according to an incident report.
