Hello #DeFi enthusiasts! Today, we are witnessing one of the most recent and exciting developments in the sector. #dYdX has shared its long-awaited application-specific chain, the dYdX Chain, with the world as an open source. So, what does this mean, and what does it offer us?
Why dYdX Chain?🧐
As is known, dYdX has always pioneered radical changes to offer the best experience to its users. This chain is a result of dYdX's vision. Before L2 technologies became popular, they took the step to decide to create an application-specific chain. As a result, they offer unprecedented speed for the DeFi sector, with the ability to confirm up to 2,000 transactions per second, along with complete decentralization.
Independence and Customization⚙️
By creating an independent chain, dYdX has achieved full control over every aspect of the technology. Everything from the order book to third-party validators is completely decentralized. This offers users a more personalized experience and higher security.
Looking to the Future🚀
With the publication of this open-source code, it's extremely exciting to see how the DeFi world will adopt and implement this chain. dYdX extends its gratitude to its community, team, and everyone who supported them along the way. They will also inform about how you can be more involved in the dYdX community and about new potential features related to this chain.
Final Words🤝🏻
DeFi is a constantly evolving and changing sector. However, the dYdX Chain proves that innovation in this sector is just at the beginning. We eagerly await to see how this new chain will shape the future of DeFi.
