DYDX Unveils Cosmos-Based Public Testnet with a Twist

DYDX Unveils Cosmos-Based Public Testnet with a Twist


DYDX Foundation has announced a new launch date for the public testnet of its Cosmos-based blockchain. The testnet is set to go live on July 5, earlier than the previous schedule. This is the fourth phase of DYDX’s five-stage milestones to test its blockchain before the full release of the mainnet. During the private testnet, the team made improvements to the network, including enabling documentation for market makers and validators, limit orders, dynamic funding rates, and other features. The public testnet will allow users to test and explore more features, including accessing order books, account balances, order history, and market data.

– DYDX Foundation announces new launch date for public testnet of its Cosmos-based blockchain
– Testnet to go live on July 5, earlier than previous schedule
– Improvements made during private testnet, including enabling documentation for market makers and validators, limit orders, and dynamic funding rates
– Public testnet will allow users to test and explore more features
– Initially supports only Bitcoin and Ethereum markets, but plans to expand to include at least 30 markets in the future

DYDX intends to move away from Ethereum due to scalability issues. The project noted that Ethereum could no longer process transactions fast enough, even after exploring layer2 solutions.

Closing paragraph: DYDX Foundation is making progress with its Cosmos-based blockchain, with the public testnet set to launch earlier than expected. This milestone brings the project closer to its eventual mainnet launch and its departure from the Ethereum ecosystem. The move away from Ethereum is driven by scalability issues and the desire to provide faster transaction processing. With the upcoming public testnet, users will have the opportunity to test and explore various features of the blockchain, paving the way for future market expansion.

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