tl;dr
Decentralized exchange dYdX recently made a successful migration from Ethereum to Cosmos, topping Uniswap's market to become the largest DEX by daily trading volume. Its v4 version saw impressive trading volume, and its total trade volume since launch is substantial. dYdX's focus on facilitating the...
Decentralized exchange dYdX recently made a successful migration from Ethereum to Cosmos, topping Uniswap's market to become the largest DEX by daily trading volume. Its v4 version saw impressive trading volume, and its total trade volume since launch is substantial. dYdX's focus on facilitating the trading of perpetual futures and its transition to v4, which is fully decentralized, address challenges in the decentralized finance space, and the platform is backed by reputable investors.
dYdX, a decentralized exchange, has recently surpassed Uniswap to become the largest DEX by daily trading volume after migrating to Cosmos. Its v4 version's trading volume outperformed Uniswap v3, and the platform has reached a total trade volume of $17.8 billion since launch. With a focus on facilitating perpetual futures trading, dYdX's transition to v4, which operates on a standalone blockchain using the Cosmos SDK, presents a promising solution to key challenges in the decentralized finance ecosystem. Furthermore, the platform has garnered support from notable investors, adding to its credibility and stability in the market.
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