{"id":86291,"date":"2023-10-27T13:44:08","date_gmt":"2023-10-27T10:44:08","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=86291"},"modified":"2025-09-13T04:36:34","modified_gmt":"2025-09-13T01:36:34","slug":"dydx-developers-launch-their-own-l1-blockchain-built-on-cosmos","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/dydx-developers-launch-their-own-l1-blockchain-built-on-cosmos\/","title":{"rendered":"dYdX developers launch their own L1 blockchain built on Cosmos"},"content":{"rendered":"<p>The dYdX team deployed the fourth version of the decentralized crypto-derivatives exchange on an autonomous blockchain in the <a href=\"https:\/\/forklog.com\/en\/news\/what-is-cosmos-atom\">Cosmos<\/a> ecosystem.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">The dYdX Chain has launched \u26d3\ufe0f <a href=\"https:\/\/t.co\/olgePCDN0G\">https:\/\/t.co\/olgePCDN0G<\/a><\/p>\n<p>\u2014 dYdX Foundation ? (@dydxfoundation) <a href=\"https:\/\/twitter.com\/dydxfoundation\/status\/1717615225933836540?ref_src=twsrc%5Etfw\">October 26, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The developers have successfully formed the genesis block of the mainnet.<\/p>\n<p>In this alpha phase, the mainnet is primarily aimed at stress-testing parameters. The team is deploying more than 60 validators to ensure security. <\/p>\n<p>A subsequent beta launch is planned, which will require community approval. It will allow trading to commence.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cAfter several years of development, five test networks with over 60 validators and leading trading firms, the community and <\/em><a href=\"https:\/\/forklog.com\/en\/news\/what-is-a-dao-decentralised-autonomous-organisation\"><em>DAO<\/em><\/a><em> officially launched the dYdX blockchain,\u201d<\/em> \u2014 shared with<a href=\"https:\/\/www.theblock.co\/post\/259658\/dydx-chain-officially-launches-on-mainnet-as-standalone-cosmos-layer-1\"> The Block<\/a> CEO of the Dydx Foundation Charles d\u2019Haussi.<\/p>\n<\/blockquote>\n<p>On July 5, the project team <a href=\"https:\/\/forklog.com\/en\/news\/dydx-developers-launch-new-testnet-as-they-move-toward-full-decentralisation\">activated<\/a> a public testnet based on <a href=\"https:\/\/forklog.com\/en\/news\/what-is-cosmos-atom\">Cosmos<\/a> and the Tendermint consensus protocol.<\/p>\n<p>It was reported that on the exchange <a href=\"https:\/\/dydx.exchange\/blog\/dydx-chain\">\u0438\u0441\u0447\u0435\u0437\u043d\u0435\u0442<\/a> the centralized order book and order-matching engine. At the same time, the platform will not use <a href=\"https:\/\/forklog.com\/en\/news\/what-is-an-automated-market-maker\">AMM<\/a> algorithms.<\/p>\n<p>As a result of the migration, the main token will be replaced by wethDYDX, which will have the same governance functions.<\/p>\n<p>In August, dYdX <a href=\"https:\/\/forklog.com\/en\/news\/dydx-unlocks-tokens-worth-about-13-8-million\">unlocked<\/a> 6.52 million DYDX tokens worth $13.82 million. <\/p>\n<p>In April, the decentralized exchange <a href=\"https:\/\/forklog.com\/en\/news\/dydx-to-wind-down-operations-in-canada\">left<\/a> Canada due to regulatory pressure.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The dYdX team deployed the fourth version of the decentralized crypto-derivatives exchange on an autonomous blockchain in the Cosmos ecosystem.<\/p>\n","protected":false},"author":1,"featured_media":86292,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1173,1093,1337],"class_list":["post-86291","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cosmos-atom","tag-defi","tag-dydx"],"aioseo_notices":[],"amp_enabled":true,"views":"34","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/86291","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=86291"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/86291\/revisions"}],"predecessor-version":[{"id":86293,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/86291\/revisions\/86293"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/86292"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=86291"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=86291"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=86291"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}