$DYDX dYdX is a decentralized finance protocol built on the Ethereum blockchain and is also the world's first decentralized cryptocurrency derivatives trading platform. It offers a variety of financial products and services including perpetual contracts, margin trading, spot trading, and lending. dYdX aims to eliminate traditional financial intermediaries and centralized trading platforms through blockchain technology and smart contracts, providing users with safer, more transparent, and efficient financial trading and investment tools.

dYdX's main features include:

• Decentralized trading platform: dYdX is a non-custodial cryptocurrency trading platform that allows users to trade without KYC (Know Your Customer) identity verification.

• High leverage trading: dYdX supports leverage trading of up to 25 times, allowing users to increase investment returns by using leverage.

• Layer 2 network solution: dYdX utilizes StarkWare's Layer 2 solution StarkEx to enhance trading efficiency and reduce gas fees, providing users with a lightning-fast and seamless trading experience.

• Governance token DYDX: DYDX is the native governance token of dYdX, allowing network participants to control future developments, earn mining rewards, and receive trading discounts on its exchange.

• Cross-margin perpetual contract products: dYdX has launched its cross-margin perpetual contract products on the Layer 2 scaling solution supported by StarkWare.

dYdX's development history showcases its innovation and expansion in the decentralized finance space. Since its establishment in 2017, dYdX has raised multiple rounds of funding and reached a milestone of over $1 trillion in total trading volume on its L2 platform by July 1, 2023. Additionally, the dYdX Chain public testnet was officially launched on July 6, 2023, further promoting the platform's development.