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It appears that the dYdX Chain is ready to take up an active role in the decentralized finance (DeFi) sector. The dYdX Foundation may have just made a series of new announcements signaling the arrival of a new phase in the ecosystem. This follows after it announced the launch of its
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The dYdX Foundation announces the launch of its mainnet and a new Bridge User Interface. The dYdX Foundation announced a series of pivotal updates that signal a new phase for the dYdX ecosystem. Most notably, the mainnet genesis of the dYdX Chain is now live, with Genesis Validators having participated in
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Decentralized cryptocurrency exchange dYdX has launched its layer 1 blockchain with the creation of its genesis block which will operate using native DYDX tokens.The dYdX Chain is set to distribute all fees to validators and stakers in USD Coin (USDC). This includes trading fees denominated in USDC as well as
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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. dYdX Chain has marked a major milestone by officially launching its mainnet as an independent Cosmos Layer 1 blockchain. This launch, which occurred with the
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Crypto exchange dYdX has published the open source code for its new Cosmos-based network of the same name, according to an October 23 blog post. The new code includes the “protocol, order book, front-end, and more,” the post stated. The publication of the code is intended to pave the way
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“I think it's a really exciting moment, to take something that in DeFi that already has a product market fit, where there is a billion dollars traded on average on dYdX every day, and fully decentralize it on a fundamentally new technology stack,” Antonio Juliano, dYdX’s Trading founder and CEO,
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Decentralized exchange dYdX Trading announces its transformation into a public benefit corporation, emphasizing community alignment by waiving trading fee revenues for its upcoming v4 platform. Decentralized exchanges are rapidly evolving, and one of the key players, dYdX Trading, has recently announced a significant change in its operations. As of its upcoming
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Juliano: I do strongly believe that layer 2s will get to a point where the sequencer is a network, rather than just a single operator. And that will make the sequencers much more decentralized, censorship-resistant. But the problem with having a single sequencer on layer 2’s right now is, the
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Decentralized exchange (DEX) platform dYdX plans to offer a “purely decentralized” order book exchange as it migrates its ecosystem from the Ethereum network to the interchain network Cosmos.At the Korea Blockchain Week 2023, Cointelegraph's Andrew Fenton spoke with dYdX Foundation CEO Charles d'Haussy about the DEX’s plans to implement decentralized
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DYDX, the native token of a decentralized exchange (DEX) with the same name, has been on a good run in the past
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