Ethereum Decentralized Exchange Launches Starkware Second Layer

dydx l2 trading interface april 2021

One of ethereum’s biggest decentralized exchange, dYdX, with $270 million in crypto assets under management, has announced the launch of perpetual futures on second layer technology. “We had 110,000 users sign up for the waitlist, and users traded $90,000,000 in volume across over 25,000 trades. Today, we are excited to announce the public launch of our new protocol,” they say. The current base layer perpetual futures will be deprecated on April 20th, dYdX said, with all thus needing to move to the second layer. This is the first project of note to go live with this new scaling technology after launching a testnet as far back as summer 2019, with it now coming out of a private beta so we gave it a testrun. We have previously used dYdX to deposit a small amount just in case they airdrop a token, so it’s not clear whether with a plain address…

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