The dYdX Chain has officially launched π
At 17:00 UTC today, dYdX Chain Validators created the Genesis block of the dYdX Chain
π’The dYdX Operations subDAO public front-end for bridging is set to go live on October 30, 2023 (subject to confirmation)
π We just hit a new milestone!
π On Dec 29th, we reached a new daily record of $608 million in trading volume
π¨ ETH/USD led the way with over $246M traded.
π«ΆWhat an incredible achievement before the year ends, just a month after launching the dYdX Chain!π€
If the dYdX Community decides to move from the Beta Stage to Full Trading this unlocks full functionality of the dYdX Chain π₯
Full functionality includes;
π Trading Rewards
π Staking Rewards continue
ππ½ 6-month Launch Incentives Program
π§΅π
π dYdX Chain now integrates with
@okx
Wallet!
π This update allows for direct deposits and withdrawals using the OKX Wallet extension, enhancing your trading experience on the dYdX Chain. π€
1/2 π Exciting news! You can now easily move funds between CEXs and DEXs, making your trading journey smoother. βοΈ
Thanks to
@noble_xyz
, off/on-ramping from platforms like Coinbase is seamless.π
Our User Interface for bridging is now available π
You can bridge your ethDYDX tokens from Ethereum to the dYdX Chain via;
Follow the
@dydxfoundation
step-by-step guide on How to Bridge π
π New milestone achieved! dYdX Chain has officially hit $1 Billion in 24-hour trading volume on January 12!
π π Most traded pair? ETH/USDC with $412M.
A heartfelt thank you to our community for making this possible. Onward to the next billion! π«Ά
Announcing the launch of Full Trading on the dYdX Chain π
Full Trading unlocks;
ππ½ Trading Rewards
π€ Continuation of Staking Rewards
π 6-month Launch Incentive Program > 20M USD in DYDX
β° BTC, ETH, SOL & LINK markets are available for trading
The Beta Stage is live on π
After the dYdX community voted to transition to the Beta Stage, the dYdX Chain now offers
π Perpetual Trading in 33+ Markets
π€ Trading Fees accrue to Validators and Stakers
Read the blog π
1/6 π The dYdX Chain Protocol v3.0 Upgrade has been successfully implemented at block height 7147832.
π«ΆThanks to everyone who voted and contributed!
What does the upgrade change?
Keep reading π
Genesis of the
@dYdX
Chain represents a new chapter for the dYdX ecosystem marked by increased decentralization, superior UI & progress in democratizing access to financial opportunity.
Genesis has 3 phases:
πPre-Genesis
π‘Genesis
π«Post-Genesis
π§΅π
π₯οΈ Beta Stage Deep Dive
The Beta Stage introduces trading functionality, trading fees will accrue to Validators and Stakers + 33 Markets will be added π
The dYdX governance community could evaluate the timing of transitioning to the Beta Stage
π§΅π
In under two weeks, we've hit a new milestone on the dYdX Chain! βοΈ
over $500M in trading volume! π¨π
A big thank you to our community for being part of this journey.π«Ά
In this update
@Bruceleener
deep dives on the Alpha Stage πͺ
The highlights
πPriority is stability and security of the chain
π οΈMeasure key performance metrics
π‘Staking to a diverse set of Validators helps to ensure Stability and Security
Stay tuned for a Beta Stage Deep Dive.
π¨
#3
Update on dYdX Chain Software Upgrade v4.0.0
βοΈ The dYdX Chain is now back up and producing blocks with the v4.0.2 fix for the recent software bug.
A critical update was needed due to a bug in the v4.0.0 binary, now resolved with v4.0.2 and a post-upgrade snapshot.
Forβ¦
π¨ Update
#2
The dYdX Chain is halted due to the v4.0.0 software upgrade, the issue is currently being investigated.
π‘We are hoping to get it sorted in the next few hours.
We'll keep you updated, thank you for your patience
We hope you enjoyed the dYdX Community Town Hall today!
tl;dr from the Town Hall;
β¨
@dYdX
open-sourced the dYdX Chain code
βοΈ Genesis is planned for Thursday, 26 October
π Stay tuned for an announcement about the Public Bridge Front End
π§΅π
1/ Itβs finally here π
Today, weβre proud to present and fully open-source the completed dYdX Chain!
This is the next chapter for dYdX and weβre so excited that itβs here.
Letβs get into the details:
π CCTP is now fully integrated on the dYdX Chain
π Transfer USDC effortlessly across blockchains, enhancing your trading experience on dYdX Chain regardless of where your assets are.
π« USDC on Ethereum, Avalanche, or other chains - CCTP makes it simple, easy and efficient.β¦
The dYdX Operations subDAO team has decided to open access to the front-end user interface.
This strategic move is primarily aimed at Market Makers, with the objective of bootstrapping liquidity on the dYdX Chain βοΈ
βΌοΈ$50 Billion Volume Achieved! π
π―dYdX Chain has officially reached $50B in trading volume since launch.
π«Ά Huge thanks to our community for propelling us to this milestone! π
Itβs Day 5 since dYdX Chain Genesis π
Bridging ethDYDX to dYdX Chain DYDX is now available
The current Block Time is: 1.36 seconds
The current Block Height is: 253,622
Check these stats live here:
After the successful launch of the dYdX Chain yesterday at 17:00 UTC, we are in the Post Genesis Phase & this involves two crucial stages;
πAlpha - Network Gains Security
π₯οΈ Beta - Limited Trading Enabled
In this 𧡠we deep dive on the Alpha Stage
π¨ Update
#2
The dYdX Chain is halted due to the v4.0.0 software upgrade, the issue is currently being investigated.
π‘We are hoping to get it sorted in the next few hours.
We'll keep you updated, thank you for your patience
π¨ Update on the dYdX Chain Protocol v4.0 Software Upgrade.
The upgrade is now expected to happen between 7:00-8:00 AM (UTC)
π Monitor the targeted block height page since time may vary.
π§ Block Height:
1/2 π¨ Heads Up, dYdX Community!
πPlan for potential delays and downtime on April 29th, from 1:00 PM to 2:00 PM UTC due to the implementation of the dYdX Chain v4.1.0 Software Upgrade.
The exact timing may vary depending on the block height, for more details visit the linksβ¦
π¨ 1/ Exciting news from dYdX Operations subDAOΒ
Since our dYdX Chain Genesis launch, we've hit some major milestones. Hereβs a quick dive into our recent progress. πΒ
#DeFi
#dYdX
Tune in to the daily dYdX Chain Genesis Updates π
π Total ethDYDX Bridged: 60,576,962
π Total DYDX bonded: 464,970
π οΈ The current Block Time is: 1.38 seconds
π The current Block Height is: 362,741
Live stats:
Bridge stats:
Kicking off the week with new trading pairs on the dYdX Chain! βοΈ
Weβre bringing NEAR-USD, APT-USD, SUI-USD, DOT-USD, and ETC-USD into the mix. π¨
Explore these markets and find your next trading opportunity > π
We've hit a new milestone on the dYdX Chain β $150M in Trading Volume in just 5 days! π
A big thank you to our community for making this happen π«Ά
Here's to many more records together!π
Start trading now on >
We're thrilled to share the dYdX DAO Playbook! π¦π
The playbook aims to guide the community through the formation and governance of subDAOs to scale the future dYdX DAO.
Quick thread on the content below ‡οΈ
Tune in to the daily dYdX Chain Genesis Updates π
π Total ethDYDX Bridged: 349,201,248
π Total DYDX bonded: 6,850,000
π οΈ The current Block Time is: 1.48 seconds
π The current Block Height is: 997,810
Live stats:
Bridge stats:
A new day and five new markets for the dYdX Chain βοΈ
Today we have introduced the trading pairs: XRP-USD, UNI-USD, ADA-USD, TRX-USD, and OP-USD.
Now live on >
1/4 π We've seen incredible growth in the past 3 months since the
#dYdXChain
launch.
π― From hitting $2B in trading volume in 24 hours yesterday to launching over 47 markets.
Our journey has been groundbreaking βΌοΈ π
π Just over a month since our launch dYdX Chain has already seen $10 Billion in trading volume!
π This is a remarkable testament to our vibrant community's activity. Thanks to everyone for being a part of our journey. π«Ά
π Trade now on
Diving into the week's highlights from the dYdX Chain:
πΉ Weekly Trading Volume: $1.9B+
πΉ Most Active Pairs: BTC/USD, ETH/USD, SOL/USD
πΉ Distributed Rewards: $341K+ USDC
πΉ Cumulative Volume: Now over $3.1B!
Discover new opportunities, trade now on .
As the week progresses, we're not slowing down.
Today, we welcome ARB-USD, CRV-USD, BLUR-USD, FIL-USD, and XLM-USD to the dYdX Chain. βοΈπ€
start trading today > π
Tune in to the daily dYdX Chain Genesis Updates π
π Total ethDYDX Bridged: 350,923,405
π Total DYDX bonded: 9,640,000
π οΈ The current Block Time is: 1.67 seconds
π The current Block Height is: 1,237,534
Live stats:
Bridge stats:
Tune in to the daily dYdX Chain Genesis Updates π
π Total ethDYDX Bridged: 147,358,886
π Total DYDX bonded: 4,190,000
π οΈ The current Block Time is: 1.38 seconds
π The current Block Height is: 861,188
Live stats:
Bridge stats:
Our 2023 dYdX Operations subDAO Year Review is here! π
Explore our pivotal moments from the past year, including the launch of DOS and the dYdX Chain. βοΈ
For the full story and a sneak peek into 2024, read here:
Tune in to the daily dYdX Chain Genesis Updates π
π Total ethDYDX Bridged: 350,447,121
π Total DYDX bonded: 9,610,000
π οΈ The current Block Time is: 1.39 seconds
π The current Block Height is: 1,183,053
Live stats:
Bridge stats:
Tune in to the daily dYdX Chain Genesis Updates π
π Total ethDYDX Bridged: 75,598,938
π Total DYDX bonded: 1,260,000
π οΈ The current Block Time is: 1.37 seconds
π The current Block Height is: 560,423
Live stats:
Bridge stats:
Tune in to the daily dYdX Chain Genesis Updates π
π Total ethDYDX Bridged: 136,397,837
π Total DYDX bonded: 3,990,000
π οΈ The current Block Time is: 1.33 seconds
π The current Block Height is: 811,433
Live stats:
Bridge stats:
1/2 π¨ Heads Up, dYdX Community! π¨
Expect delays and potential downtime on April 8th, between 8:00 - 9:00 AM UTC (may vary), due to the implementation of the dYdX Chain v4.0 software upgrade.
π‘Stay tuned for further updates, and we appreciate your patience during this time.β¦
Diving into the week's highlights from the dYdX Chain:
πΉ Weekly Trading Volume: $1.85B
πΉ Accrued Fees: $306.26K
πΉ Most Active Pairs: BTC, ETH, SOL
πΉ Rewards Given: $306.51K USDC
πΉ Cumulative Volume: Now over $4.8B!
Trade now on
Follow us to ensure you stay up to date with important dYdX Chain Updates.
Read the dYdX Chain Genesis blog for further details and insights about the Post Genesis stages:
πAlpha - Bridging, Staking and Security
π₯οΈ Beta - Trading Enabled with no rewards
Diving into the week's highlights from the dYdX Chain:
πΉ Weekly Trading Volume: $4,93B
πΉ Accrued Fees: $749,53K
πΉ Most Active Pairs: BTC, ETH, SOL
πΉ Rewards Given: $750K USDC
πΉ Cumulative Volume: Now over $15B!
Trade now on
Tune in to the daily dYdX Chain Genesis Updates π
π Total ethDYDX Bridged: 348,660,724
π Total DYDX bonded: 5,700,000
π οΈ The current Block Time is: 1.37 seconds
π The current Block Height is: 937,069
Live stats:
Bridge stats:
β οΈ We recommend that the dYdX community refrain from bridging until the dYdX Operations SubDAO public bridge front end is live β οΈ
Pay attention to the announcement on Monday 30th October and for more information about how to bridge.
Trading is now live for $PYTH and $BONK on the dYdX Chain π
$PYTH & $BONK were added to the dYdX Chain through the βNew Markets Widgetβ π
β‘οΈ
β‘οΈ
1/2 π¨ Attention: We've been alerted to a malicious iOS app named "dYdX Anywhere" on the App Store, impersonating our platform.
This app is a wallet drainer and asks for private keys, which we or any legitimate app will NEVER ask for.
βΌοΈΒ Please stay vigilant and safe.π
π¦ Meet the faces behind the future of DeFi! Check out the dYdX Operations SubDAO team in action at our
#Cosmosverse
booth. See you there! π
#DeFi
#dYdX
Before ending the week, we're further expanding your trading options on dYdX Chain βοΈ
Introducing new pairs: MKR-USD, DOGE-USD, SHIB-USD, COMP-USD, and LDO-USD
Trade now > π
Tune in to the daily dYdX Chain Genesis Updates π
π Total ethDYDX Bridged: 76,907,425
π Total DYDX bonded: 1,820,000
π οΈ The current Block Time is: 1.37 seconds
π The current Block Height is: 635,799
Live stats:
Bridge stats:
π¨ Update on the dYdX Chain Software Upgrade v4.1.0
βοΈ The dYdX Chain is now fully operational and producing blocks following the successful upgrade! π
Thank you for your patience during this time. π«Ά
1/2 π¨ Heads Up, dYdX Community!
πPlan for potential delays and downtime on April 29th, from 1:00 PM to 2:00 PM UTC due to the implementation of the dYdX Chain v4.1.0 Software Upgrade.
The exact timing may vary depending on the block height, for more details visit the linksβ¦
π¨Reminderπ¨
Expect delays and downtime starting in one hour due to the implementation of the dYdX Chain v4.1.0 Software Upgrade.π‘
π» For updates, visit:
1/2 π¨ Heads Up, dYdX Community!
πPlan for potential delays and downtime on April 29th, from 1:00 PM to 2:00 PM UTC due to the implementation of the dYdX Chain v4.1.0 Software Upgrade.
The exact timing may vary depending on the block height, for more details visit the linksβ¦
Trading is now live for $AAVE and $BNB on the dYdX Chain π
$AAVE & $BNB were added to the dYdX Chain through the βNew Markets Widgetβπ‘
β‘οΈ
β‘οΈ
Trading is now live for $JUP on the dYdX Chain π
$JUP was the first new market added to the dYdX Chain through the βNew Markets Widgetβπ‘
β‘οΈ
Tune in to the daily dYdX Chain Genesis Updates π
π Total ethDYDX Bridged: 77,217,638
π Total DYDX bonded: 3,170,000
π οΈ The current Block Time is: 1.46 seconds
π The current Block Height is: 688,305
Live stats:
Bridge stats:
Diving into the week's highlights from the dYdX Chain:
πΉ Weekly Trading Volume: $7,52B
πΉ Rewards Distributed During the Week: $1,29M
πΉ Total Rewards Given: $7,77M USDC
πΉ Cumulative Volume: Now over $47,40B!
Midweek brings more market options for you on the dYdX Chain! ποΈ
Joining today are π PEPE-USD, WLD-USD, SEI-USD, LTC-USD, and BCH-USD.
Start trading today > βοΈ
Diving into the week's highlights from the dYdX Chain:
πΉ Weekly Trading Volume: $4,7B
πΉ Rewards Distributed During the Week: $801,9M
πΉ Total Rewards Given: $5,23M USDC
πΉ Cumulative Volume: Now over $32,31B!
Tune in to the daily dYdX Chain Genesis Updates π
π Total ethDYDX Bridged: 60,744,919
π Total DYDX bonded: 976,930
π οΈ The current Block Time is: 1.37 seconds
π The current Block Height is: 432,683
Live stats:
Bridge stats:
Tune in to the daily dYdX Chain Genesis Updates π
π Total ethDYDX Bridged: 352,077,229
π Total DYDX bonded: 13,150,000
π οΈ The current Block Time is: 1.37 seconds
π The current Block Height is: 1,533,570
Live stats:
Bridgeβ¦
Attend the 6th dYdX Community Town Hall for more updates and a deeper explanation of the Alpha and Beta Stages.
π Wednesday, 25th October, 2023
β° 1 pm UTC
Registerπ
ποΈ Join us tomorrow to discuss the transition of the dYdX Operations Trust to the Cayman Islands Foundation Company π§
We'll dive into:
π The shift from Guernsey Trust to Cayman Foundation
π Optimizing legal structure & maintaining governance
Over the last week and a half since the dYdX Chain launch, we've seen some outstanding numbers.π
π« Volume Surpassed: A staggering $1B+
π Total Rewards Distributed: Over $440K USDC
β±οΈ Average Block Time: 1.18 seconds
π Most Traded Pairs: BTC/USD, ETH/USD, SOL/USD
Here'sβ¦
2/2 π Plus, CCTP is now enabled for AVAX and Optimism networks, broadening the scope for chain interoperability. β
οΈ
π€ This update is part of our ongoing effort to enhance the functionality and connectivity of the dYdX Chain for more users.
What does Full trading Include?
π Trading Rewards - Trading on the dYdX Chain yields DYDX
πStaking Rewards continue - Validators & Stakers earn USDC
ππ½ Launch Incentive Program - $20m of DYDX will be distributed over 6 months however distribution is subject to governance votes
Diving into the week's highlights from the dYdX Chain:
πΉ Weekly Trading Volume: $11,6B
πΉ Rewards Distributed During the Week: $1,99M
πΉ Total Rewards Given: $13,17M USDC
πΉ Cumulative Volume: Now over $78,7B!
Should the dYdX Chain protocol software prove to be stable with minimal bugs and issues
The dYdX community may consider initiating trading rewards and transitioning from the Beta Phase to Full Trading, subject to a governance vote πͺ
The establishment & progression of a mainnet deployment of the dYdX Chain open-source software rests on three pivotal phases: Pre-Genesis, Genesis, and Post-Genesis.