Ethereum

Evolution

Cosmos

<div class="coinjournal">
 <ul>
  <li>dYdX Chain Beta Mainnet launch enables active trading across 33 markets.</li>
  <li>Users can trade on dydx.trade with 20x leverage.</li>
  <li>There will however be no rewards during the beta stage.</li>
 </ul>
 <p>In a significant development for the decentralized derivatives trading space, the dYdX Chain has officially entered its beta mainnet stage.</p>
 <p>This move follows a decisive governance vote, with over 99% community support, allowing active trading across more than 33 markets.</p>
 <h2 id="beta-mainnet-launch-and-trading-features">Beta Mainnet launch and trading features</h2>
 <p>The transition from the alpha stage to the beta mainnet stage occurred at 8:45 a.m. EST on a Monday, as confirmed by the dYdX Operations subDAO, responsible for the decentralized infrastructure of the dYdX Chain.</p>
 <p>Users can now actively participate in trading via the dydx.trade platform, with access to over 33 perpetual markets offering up to 20x leverage.</p>
 <p>During this beta <a rel="noopener noreferrer nofollow" title="stage" href="https://thebittimes.com/tag/stage.html">stage</a>, no <a rel="noopener noreferrer nofollow" title="trading" href="https://thebittimes.com/tag/trading.html">trading</a> rewards will be distributed to users. However, validators and stakers will accrue <a rel="noopener noreferrer nofollow" title="trading" href="https://thebittimes.com/tag/trading.html">trading</a> fees. This phase serves as a critical testing period for the <a rel="noopener noreferrer nofollow" title="active" href="https://thebittimes.com/tag/active.html">active</a> <a rel="noopener noreferrer nofollow" title="trading" href="https://thebittimes.com/tag/trading.html">trading</a> environment on the dYdX Chain.</p>
 <h2 id="evolution-from-ethereum-layer-2-scaling-to-cosmos-based-blockchain">Evolution from Ethereum Layer 2 scaling to Cosmos-based blockchain</h2>
 <p>The dYdX Chain’s journey to this point involved a notable shift from its reliance on Ethereum Layer 2 scaling solution StarkEx in version 3 to becoming a standalone Layer 1 blockchain on the Cosmos ecosystem with the launch of version 4. The alpha mainnet for dYdX version 4 and the debut of its Cosmos-based blockchain took place on October 26.</p>
 <p>The dYdX platform, renowned as the most extensive decentralized derivatives <a rel="noopener noreferrer nofollow" title="trading" href="https://thebittimes.com/tag/trading.html">trading</a> platform in the crypto space, has seen a cumulative <a rel="noopener noreferrer nofollow" title="trading" href="https://thebittimes.com/tag/trading.html">trading</a> volume exceeding $1 trillion since 2020. The successful governance vote and subsequent beta mainnet <a rel="noopener noreferrer nofollow" title="launch" href="https://thebittimes.com/tag/launch.html">launch</a> mark a crucial step in dYdX’s ongoing commitment to providing a robust and efficient decentralized <a rel="noopener noreferrer nofollow" title="trading" href="https://thebittimes.com/tag/trading.html">trading</a> experience.</p>
 <p>This news underscores the platform’s focus on community-driven decision-making and its dedication to refining the dYdX Chain through meticulous testing before progressing to full trading with rewards.</p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/dydx-chain-enters-beta-mainnet-stage-launches-active-trading-across-33-markets-tbt70230.html">https://thebittimes.com/dydx-chain-enters-beta-mainnet-stage-launches-active-trading-across-33-markets-tbt70230.html</a></p>

dYdX Chain enters Beta Mainnet stage, launches active trading across 33 markets

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TheBitTimes

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