The Launch of dYdX Chain Beta Mainnet
The dYdX Chain, a standalone Cosmos-based Layer 1, has progressed to its beta mainnet stage, allowing for active trading to go live after a decisive governance vote. This transition from the alpha stage was announced in a blog post by the dYdX Operations subDAO, marking a significant milestone for the decentralized infrastructure of dYdX Chain.
Users can now participate in trading across more than 33 perpetual markets via the dydx.trade platform, with leverage of up to 20x. Although no trading rewards will be distributed during this stage, validators and stakers will accrue trading fees. The subDAO emphasized the critical testing phase for active trading environments during the beta stage.
Transition to Cosmos Ecosystem
dYdX version 4’s alpha mainnet and the launch of its Cosmos-based blockchain on Oct. 26 signified a major shift for the leading decentralized derivatives platform. After years of development and extensive testing, the community and DAO officially launched the dYdX Chain. The platform has seen over $1 trillion in cumulative volume since 2020, solidifying its position as the most extensive decentralized derivatives trading platform in crypto.
Hot Take: The Future of dYdX Chain
The move to a standalone Layer 1 on Cosmos represents a significant step for dYdX Chain. As it enters the beta mainnet stage, it is poised to revolutionize decentralized derivatives trading and set new standards for active trading environments within the crypto space. With its impressive track record and commitment to innovation, dYdX Chain is well-positioned to continue shaping the future of decentralized finance (DeFi) and blockchain technology.
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