dYdX
dYdX is a decentralized exchange built on the Ethereum blockchain, offering a wide range of trading options including spot, perpetual, and margin trading.
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What is dYdX?
Established in 2017, dYdX is an Ethereum-based decentralized exchange that offers a range of crypto asset trading options. In addition to spot market trading, dYdX specializes in providing access to advanced crypto products such as perpetual and margin trading, as well as borrowing and lending services.
To enhance scalability, dYdX introduced a layer 2 protocol in 2021, leveraging StarkWare’s zero-knowledge rollups technology. Looking ahead, the DEX has unveiled its intentions to launch an independent blockchain based on the Cosmos SDK in 2022.
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