dYdX Launches Public Testnet On Cosmos
According to a press release, dYdX, a decentralised exchange (DEX), has launched its public test network on Cosmos, bringing it closer to its transition away from the current version built on Ethereum.
Users can now place market orders, generate private keys, and place limit orders with advanced options on the dYdX testnet. The public testnet began with bitcoin and ethereum markets, but the company expects it to eventually include more than 30 markets as the network evolves.
The Ethereum platform, known for perpetual contracts, has seen over $728 million in trading volume in the past 24 hours. DYdX, the governance token, has seen a 23% increase in the past two weeks. DYdX announced last year that its “v4” blockchain will be a standalone blockchain based on the Cosmos SDK and Tendermint proof-of-stake consensus protocol. The company plans to launch the main network on Cosmos later this year, but has not set a specific date.
(With inputs from Shikha Singh)
You need to login in order to Like
