• Bitcoin
  • NFT
  • Binance
  • ETH
  • DeFi
  • Metaverse
  • IDO
  • Coinbase
  • Solana
  • ETF
  • FTX
  • GameFi
Newsletter
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
CoinLive
No Result
View All Result
Home Crypto News

DEX dYdX builds its very own blockchain on Cosmos

189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

The decentralized exchange dYdX on Ethereum has announced its intention to make its very own blockchain on the Cosmos platform.

DEX dYdX builds its very own blockchain on Cosmos

dYdX, the renowned decentralized Ethereum exchange, has announced the plan make a personal blockchain on the Cosmos platform and launch it in the coming months.

Related articles

Binance Labs invests $3.15 million in Open Campus, EDU builds columns

Binance Labs invests $three.15 million in Open Campus, EDU builds columns

November 27, 2023
Cosmos Founder Proposes Blockchain Hard Fork, ATOM Discounts

Cosmos Founder Proposes Blockchain Hard Fork, ATOM Discounts

November 27, 2023

Launched in 2018, dYdX is at the moment the biggest decentralized derivatives exchange on Ethereum with a 24-hour volume reaching more than $ 600 million, in accordance to CoinGecko. The exchange at the moment operates on StarkEx, a Tier two scaling resolution for Ethereum, produced by StarkWare.

Under a new advancement system named dYdX V4, the exchange needs to produce its very own blockchain by the Cosmos SDK, a programming toolkit for tasks in the Cosmos ecosystem.

DYdX founder Antonio Juliano commented:

“Developing a decentralized exchange, owning an order book and matching mechanism outside the blockchain, and then migrating it from Ethereum to a private blockchain is something no one has ever done, but we believe it will allow. The dYdX ecosystem has a good opportunity to become a network with long-term competitive advantages over centralized exchanges ”.

dYdX believes that possessing its very own blockchain will also assistance make the undertaking extra decentralized, in line with the objective of total decentralization by the finish of 2022. The dYdX blockchain on Cosmos will be managed by a group of validators, it does not always have to be maintained by the undertaking itself.

When asked about the intentions of the exchange with the recent edition on StarkEx, a spokesperson for dYdX unveiled that the exchange group has not nevertheless made the decision regardless of whether to preserve the two platforms in parallel or pick out Cosmos more than Ethereum.

The selling price of the exchange’s DYDX token has not fluctuated extended in advance of the over facts.

1D chart of the DYDX / USDT pair on Binance at eight:forty pm on June 22, 2022

Synthetic currency 68

Maybe you are interested:

Maybe you are interested:

Tags: BlockchainbuildsCosmosDEXdYdX
Share76Tweet47

Related Posts

Significant Outflows Hit Bitcoin Spot ETFs

by shark
June 7, 2025
0

Analysis of Bitcoin spot ETFs experiencing a $278 million net outflow on June 5, 2025, with impacts on institutional investments...

Institutions Reduce Bitcoin ETF Holdings by 23% Amid Profit-Taking

by shark
June 7, 2025
0

Institutional Bitcoin ETF exposure drops by 23% in Q1 2025 due to strategic profit-taking.

Bitcoin Holders Trigger Key Support Defense Amid Gains

by shark
June 6, 2025
0

Long-term Bitcoin holders initiate sales, challenging bulls at crucial $95,600 support level.

Uber Explores Stablecoin Usage for Global Settlements

by shark
June 6, 2025
0

Uber CEO Dara Khosrowshahi announced the company's interest in exploring stablecoins for global settlements to decrease foreign exchange costs and...

Yuga Labs CEO Proposes ApeCoin DAO Dissolution

by shark
June 6, 2025
0

Greg Solano, CEO of Yuga Labs, proposes dissolving ApeCoin DAO, transferring assets to ApeCo, aiming to boost operational efficiency.

Load More

Tags

analysis announces Bank billion Binance Bitcoin Blockchain BTC CEO Coin Coinbase Crypto cryptocurrencies Cryptocurrency DeFi ETH Ethereum Exchange Finance FTX fund game General News Information Investment Latest Launch launches market Metaverse million Network News NFT platform Price project Protocol Review SEC Solana Token trading users wallet

Recent Posts

  • Significant Outflows Hit Bitcoin Spot ETFs
  • Institutions Reduce Bitcoin ETF Holdings by 23% Amid Profit-Taking
  • BlockDAG Surges Past $287.5M as AVAX Cools and XLM Eyes Growth
  • Bitcoin Holders Trigger Key Support Defense Amid Gains
  • Uber Explores Stablecoin Usage for Global Settlements
  • Yuga Labs CEO Proposes ApeCoin DAO Dissolution
  • LayerZero CEO Accuses Hyperlane of Wash Trading Manipulation
  • Coinbase Adds Fartcoin and Subsquid to Listing Roadmap
  • About
  • FAQ
  • Contact Us
  • IGO
  • Altcoin
  • Terra
  • Launchpad
  • P2E
  • META
  • AXS
Email us: [email protected]

© 2021 CoinLive - Crypto News 24/7

No Result
View All Result
  • Home
  • Crypto News
  • Market Analysis
  • Learn

© 2021 CoinLive - Crypto News 24/7