{"id":24508,"date":"2023-11-14T13:27:36","date_gmt":"2023-11-14T13:27:36","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/dydx-chain-enters-beta-mainnet-stage-launches-active-trading-across-33-markets\/"},"modified":"2023-11-14T13:27:36","modified_gmt":"2023-11-14T13:27:36","slug":"dydx-chain-enters-beta-mainnet-stage-launches-active-trading-across-33-markets","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/dydx-chain-enters-beta-mainnet-stage-launches-active-trading-across-33-markets\/","title":{"rendered":"dYdX Chain enters Beta Mainnet stage, launches active trading across 33 markets"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/11\/1644509030180-d112fdd4-bbe0-498a-bf88-11e15c2710fe-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/11\/1644509030180-d112fdd4-bbe0-498a-bf88-11e15c2710fe-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/11\/1644509030180-d112fdd4-bbe0-498a-bf88-11e15c2710fe-smartcrop-750x375.png\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/11\/1644509030180-d112fdd4-bbe0-498a-bf88-11e15c2710fe-smartcrop-363x181.png\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>dYdX Chain Beta Mainnet launch enables active trading across 33 markets.<\/li>\n<li>Users can trade on dydx.trade with 20x leverage.<\/li>\n<li>There will however be no rewards during the beta stage.<\/li>\n<\/ul>\n<p>In a significant development for the decentralized derivatives trading space, the dYdX Chain has officially entered its beta mainnet stage.<\/p>\n<p>This move follows a <a href=\"https:\/\/www.mintscan.io\/dydx\/proposals\/1\">decisive governance vote<\/a>, with over 99% community support, allowing active trading across more than 33 markets.<\/p>\n<h2>Beta Mainnet launch and trading features<\/h2>\n<p>The transition from the alpha stage to the beta mainnet stage occurred at 8:45 a.m. EST on a Monday, as confirmed by the dYdX Operations subDAO, responsible for the decentralized infrastructure of the dYdX Chain.<\/p>\n<p>Users can now actively participate in trading via the dydx.trade platform, with access to over 33 perpetual markets offering up to 20x leverage.<\/p>\n<p>During this beta stage, no trading rewards will be distributed to users. However, validators and stakers will accrue trading fees. This phase serves as a critical testing period for the active trading environment on the dYdX Chain.<\/p>\n<h2>Evolution from Ethereum Layer 2 scaling to Cosmos-based blockchain<\/h2>\n<p>The dYdX Chain\u2019s journey to this point involved a notable shift from its reliance on <a href=\"https:\/\/coinjournal.net\/ethereum\/what-is-ethereum\/\">Ethereum<\/a> Layer 2 scaling solution StarkEx in version 3 to becoming a standalone Layer 1 blockchain on the <a href=\"https:\/\/coinjournal.net\/cosmos\/what-is-cosmos\/\">Cosmos ecosystem<\/a> with the launch of version 4. The alpha mainnet for dYdX version 4 and the debut of its Cosmos-based blockchain took place on October 26.<\/p>\n<p>The dYdX platform, renowned as the most extensive decentralized derivatives trading platform in the crypto space, has seen a cumulative trading volume exceeding $1 trillion since 2020. The successful governance vote and subsequent beta mainnet launch mark a crucial step in dYdX\u2019s ongoing commitment to providing a robust and efficient decentralized trading experience.<\/p>\n<p>This news underscores the platform\u2019s focus on community-driven decision-making and its dedication to refining the dYdX Chain through meticulous testing before progressing to full trading with rewards.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/dydx-chain-enters-beta-mainnet-stage-launches-active-trading-across-33-markets\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) dYdX Chain Beta Mainnet launch enables active trading across 33 markets. Users can trade on dydx.trade with 20x leverage. There will however be no rewards during the beta stage. In a significant development for the decentralized derivatives trading space, the dYdX Chain has [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":24509,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/24508"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=24508"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/24508\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/24509"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=24508"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=24508"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=24508"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}