The dYdX, a decentralized cryptocurrency exchange (DEX) focused on perpetual futures, is set to enter the prediction markets sector. This move will allow users to place leveraged bets on events such as political outcomes, sports results, or asset prices, using the platform’s perpetual futures contracts. This initiative is part of
Decentralized exchange dYdX is preparing for a significant upgrade this fall, dubbed dYdX Unlimited, which promises to reshape the platform by allowing users to list an unlimited number of markets. This new feature removes the need for governance approval when listing a new market, greatly enhancing flexibility and accessibility on
The dreadful hack of July that shook the entire crypto community was WazirX’s $230 million attack. Besides this, there was a minor breach staged. On July 23, dYdX, an Ethereum decentralized exchange (DEX), encountered a DNS hijack. What actually happened? How quickly did the platform recover? Who was affected, and
Decentralized finance (DeFi) crypto exchange dYdX restored its version 3.0 website after a DNS hijacking attempt on July 23. The team restored the website three hours after announcing the compromise. https://t.co/Ym1dFLLOwx website has been recovered by dYdX Trading Inc. 🙏 Please note that your machine may still be caching the
The dYdX perpetual futures exchange’s underlying blockchain, the dYdX Chain, went down early Monday. Due to a planned upgrade to version 4 of the chain, there was a disruption that lasted more than nine hours. There was an unanticipated stop in operations because the upgrading procedure hit a snag. The
In light of the recent uptick in activity on the dYdX decentralized crypto exchange (DEX), the community has decided to stake 20 million DYDX tokens in an effort to beef up security. Staking tokens from the community treasury, which are now worth over $61 million at current prices, using the
The decentralized exchange (DEX), dYdX, has emerged as a formidable leader, surpassing long-standing frontrunner Uniswap in daily trading volume, as per recent data from CoinMarketCap. This significant achievement comes on the heels of dYdX’s strategic move from the Ethereum blockchain to the Cosmos ecosystem with the launch of its version
dYdX, a decentralized cryptocurrency exchange, burned up $9 million of its insurance fund on November 17 to cover customer losses, prompting the exchange to announce additional procedures to reduce trading-related risks. The exchange has raised margin requirements for several tokens trading in “less liquid markets,” according to a post on
With delight, the dYdX Foundation announces the open-sourcing of software for a Bridge User Interface. If implemented, this interface might let users convert from ethDYDX to DYDX, which is the layer 1 (L1) token of the dYdX Chain. The dYdX Ecosystem has lately seen three noteworthy developments: The dYdX Operations
This week is poised to bring about a wave of significant token unlocks that could potentially impact prices and trading dynamics in the crypto market. According to Token Unlocks, several notable tokens are scheduled to experience substantial unlocks, leading to heightened anticipation and speculation within the crypto community. Tokens such
