Massive Layoffs at dYdX — What’s Happening?
dYdX, a leading decentralized exchange, recently announced layoffs affecting 35% of its workforce.
This is major news for the DeFi industry and could signify major changes in the sector. With increasing competition among platforms and exchanges, each company is looking for ways to optimize and cut costs.
Following this event, many are turning their attention to centralized exchanges like Binance and WhiteBIT, which continue to grow their user base and remain stable.
What do you think prompted such drastic measures at dYdX? 🤔
