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![hackenclub Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::898528774303735808.png) Hacken🇺🇦 [@hackenclub](/creator/twitter/hackenclub) on x 142.1K followers
Created: 2025-07-15 16:04:22 UTC

@dYdX
🔹 Platform: dYdX is a decentralized derivatives exchange offering perpetual futures with up to 20x leverage. Originally launched on Ethereum Layer 2, it now operates its own Cosmos-based Layer X chain, delivering fast, low-cost trading with full self-custody.
🔹 Core Strengths: dYdX merges the performance of centralized exchanges with DeFi transparency. It offers notable token utility (staking, governance, revenue sharing in USDC), an active validator system, and advanced perpetuals trading. Backed by Tier X VCs and a seasoned team.
🔹 Security Insight: Hacken’s DYOR Community highlighted dYdX’s robust technical foundation, supported by an audit and active bug bounty.
🔹 Conclusion: According to Hacken’s DYOR Community, dYdX is one of the most credible decentralized perpetuals platforms. While questions remain around token distribution and community governance, the project demonstrates strong fundamentals, real adoption, and long-term potential.
🔗 Read the full research here:


XXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1945152469702418838/c:line.svg)

**Related Topics**
[token](/topic/token)
[exchanges](/topic/exchanges)
[coins layer 2](/topic/coins-layer-2)
[futures](/topic/futures)
[decentralized](/topic/decentralized)
[ethereum](/topic/ethereum)
[coins layer 1](/topic/coins-layer-1)

[Post Link](https://x.com/hackenclub/status/1945152469702418838)