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0xData @0xData_ on x XXX followers
Created: 2025-07-20 14:35:59 UTC
ZK AppChain Powerhouse - @dydxfoundation $DYDX
Narrative: ZK, AppChains, Layer 2, Crypto Trading Infrastructure Total Raised: $85M Backers: Paradigm, A16Z, Wintermute, Polychain capital, CMS holding, Delphi Ventures,...
Core Product: dYdX Chain:
A decentralized exchange (DEX) purpose-built for perpetuals, margin, and spot trading
Uses a traditional order book and matching engine, but executes trades via smart contracts
Combines CEX-like experience with DeFi-level trust and transparency
Non-custodial, fully community-governed
Supports leverage up to 25x for both retail and institutional traders
Why it stands out
Recently migrated to its own custom-built AppChain no longer reliant on third-party L2s
Aims to become the most efficient trading infrastructure for crypto-native assets
More than a DEX it's a crypto organization redefining how financial dApps are built and governed
In a space where most L2s are chasing shared sequencers and rollup-as-a-service models, dYdX is going the other way building its own infra, its own architecture, and its own pace.
The ZK + AppChain narrative won’t just survive the cycle projects like $DYDX are here to prove that DeFi is not dead. It’s evolving.
#DYDX #ZK #DeFi #CryptoInfra #Narratives #Trading
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Related Topics a decentralized money fintech $22m onchain rwa decentralized index ventures