dYdX

dYdX is a decentralized exchange on the Ethereum blockchain, specializing in spot, perpetual, and margin trading with advanced features.

Established in 2017, dYdX operates on the Ethereum Network as a leading decentralized exchange. It empowers users to trade a variety of crypto assets in the spot market while also offering advanced trading options such as perpetual and margin trading, as well as lending and borrowing services. In 2021, dYdX enhanced its capabilities by launching a layer 2 protocol utilizing StarkWare’s zero-knowledge rollups, significantly increasing its trading volume. The following year, dYdX announced ambitious plans to develop its own independent blockchain using the Cosmos SDK, further solidifying its position as a premier platform in the decentralized finance (DeFi) space.