dYdX Chain protocol
Overview
dYdX Chain is a sovereign blockchain built with the Cosmos SDK that serves as the settlement and execution layer for the dYdX v4 perpetuals exchange. It operates as a decentralized order book and matching engine, enabling non-custodial trading of perpetual swaps. The chain's native token is DYDX, used for staking, security, and governance.
Within the DeFi Intel graph, dYdX Chain connects to 2 tracked entities, most strongly to dYdX Trading, dYdX.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 2 of 2 total).
| Relation | Connected entity | Confidence |
|---|---|---|
launched | dYdX Trading | 95% |
built_on | dYdX | 95% |
Frequently asked questions
What is dYdX Chain?
dYdX Chain is a sovereign blockchain built with the Cosmos SDK that serves as the settlement and execution layer for the dYdX v4 perpetuals exchange, operating as a decentralized order book and matching engine for non-custodial trading of perpetual swaps.
What is the native token of dYdX Chain and what is it used for?
The native token of dYdX Chain is DYDX, which is used for staking, security, and governance.
Who launched dYdX Chain and what is it built on?
dYdX Chain was launched by dYdX Trading and is built on dYdX.