Largest derivatives DEX in DeFi picks Cosmos over ETH scaling solution for scaling?
Channel: Interchain
Date: 15/06/2023

✨About dYdX ✨

dYdX is a perpetuals DEX that started on an ETH L2, Starkware, that has since made the strategic decision to migrate their DEX to becoming fully on-chain. 

Because the Interchain Stack allows dYdX to customize the product experience for their users while achieving the scalability needed for the volume their users demand, they picked the Interchain Stack as the clear winning stack. 

dYdX is the largest derivatives exchange in DeFi in terms of volume, having over $300M DAV, which merits the need to move onto its own sovereign appchain.

Guest: Nathan Cha, dYdX marketing lead

►  Timestamps
0:18 intro
5:35 Cosmos has more developers than Ethereum
7:59 why dydx did not pick Solana
10:52 AMMs will be dead. The future of defi is on chain orderbooks
13:56 Mev challenges
17:47 V3 on starkware vs v4 on cosmos
19:50 dydx team
26:47 Decentralized derivatives market share vs cefi tam
32:16 Compliance in the backdrop of regulation by enforcement

🔗 Useful Links 🔗 
Follow: https://dydx.exchange/blog
Host: https://twitter.com/chjango


🚀 Tech moves fast. The Interchain moves faster. 🚀
The content of this video was correct at the time of recording.


► About the Interchain Foundation
The Interchain Foundation (ICF) is pushing the frontiers of blockchain-related infrastructure. As stewards of the Interchain, we fund and advance the creation of an interoperable, sustainable, and community-owned decentralized ecosystem. 

Among others, we help maintain the Cosmos Hub, Cosmos SDK, CosmWasm, CosmJS, IBC, and CometBFT. 

🔘 Visit interchain.io
🔘 Twitter: https://twitter.com/interchain_io
🔘 Blog: https://medium.com/the-interchain-foundation


► Questions / Need Support?
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► Please note:
As part of stewarding the Interchain ecosystem, the Interchain Foundation facilitates discussion and coordination between different individuals, contributors, and members of the public. Unless otherwise stated, views and opinions expressed in this video are that of the speaker and do not necessarily represent the views of the Interchain Foundation.

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