dYdX v4 launch event

Event · PageRank 0.0015

Overview

dYdX v4 launched as the dYdX Chain, a standalone Cosmos SDK proof-of-stake blockchain, when validators produced its genesis block on October 26, 2023. The move took dYdX off StarkEx, the Ethereum layer-2 scaling solution it had used for v3, and onto a fully open-source, community-governed chain with a decentralised off-chain order book. According to the dYdX Foundation the launch followed years of development and five testnets involving more than 60 validators and trading firms; the full v4 product rolled out in the weeks following the chain launch.

Within the DeFi Intel graph, dYdX v4 launch connects to 2 tracked entities, most strongly to dYdX, dYdX v4.

Relations

Top connections in the DeFi Intel knowledge graph (confidence-weighted, 2 of 2 total).

Frequently asked questions

When did the dYdX Chain go live?

Validators created the genesis block on October 26, 2023, marking the mainnet launch of dYdX v4.

What changed architecturally in v4?

dYdX moved from an Ethereum layer-2 built on StarkEx to a standalone Cosmos-based proof-of-stake blockchain with a decentralised off-chain order book, fully open source and governed by the community.

How was the launch prepared?

The dYdX Foundation said the launch followed years of development and five testnets involving more than 60 validators and trading firms.