dYdX is a decentralized exchange that provides users with key financial instruments, such as perpetuals, margin trading, spot trading, lending, and borrowing. It equips traders with off-chain order books and on-chain settlement, allowing them to short-sell tokens, increase exposure by leveraging long positions, and earn interest on deposited tokens for faster transactions.
Round | Amount | Valuation | Date | Investors |
---|---|---|---|---|
Series C | $65M | -- | Jun 15, 2021 | |
Series B | $10M | -- | Jan 26, 2021 | |
Series A | $10M | -- | Oct 20, 2018 | |
Seed | -- | -- | Dec 20, 2017 |
dYdX is a leading decentralized exchange that currently supports perpetual trading over 35 popular cryptocurrencies including BTC、ETH、DOGE and so on with up to 20x leverage. It runs on smart contracts on the Ethereum blockchain, and allows users to trade with no intermediaries.
dYdX was founded by Antonio Juliano, a California-based entrepreneur, in August 2017. The exchange was launched in July 2017 initially offering crypto margin trading, lending and borrowing services over Ethereum Layer 1.
August 2021, dYdX started offering cross-margin perpetual trading, users can repurpose their available balance on the platform to provide liquidity to existing trades — a popular method to avoid liquidations during high volatility.
In July 2023, dYdX released its V4 testnet. According to the initial roadmap, the launch of the dYdX V4 mainnet is expected to be completed by the end of September 2023. The V4 version will turn dYdX into an independent Layer 1 in the Cosmos ecosystem, with greater customization permissions, and also greater control over its native tokens.
Above are only for introduction, not intended as investment advice.