dYdX
Established in 2017, dYdX operates as a decentralized exchange within the Ethereum Network. Although users have the option to trade crypto assets in the spot market on dYdX, the exchange primarily aims to offer access to sophisticated crypto products such as perpetual and margin trading, along with borrowing and lending services. In 2021, dYdX introduced a layer 2 protocol utilizing StarkWare’s zero-knowledge rollups to enhance trading scalability. In 2022, the DEX revealed intentions to create its own autonomous blockchain utilizing the Cosmos SDK.
