[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  ThatDeFiRaph [@_jasmine_9ja](/creator/twitter/_jasmine_9ja) on x 5598 followers Created: 2025-07-25 08:06:11 UTC Is dYdX too decentralized for its own good? I say this as someone who uses the product, believes in the mission, and watches the ecosystem closely. But if we’re honest, decentralization isn’t just a strength; it’s a friction point. The move to the dYdX Chain was bold. Cosmos SDK. CometBFT. No centralized sequencer. A fully sovereign appchain where validators run the order book. It’s beautiful in theory. But in practice? It’s hard mode. TVL? Around $22M. Open Interest? ~$430M. Validator set? Growing, but still small relative to the risk they secure. And the reality is this: the more decentralized it gets, the harder it becomes to iterate quickly. This isn’t Uniswap or Arbitrum. There’s no foundation flicking switches. Upgrades take governance. Upgrades take time. And meanwhile, competitors are shipping faster with far fewer constraints. But maybe that’s the point. dYdX is trying to win the right way, not the fast way. No hidden backdoors. No sequencer biases. No governance theater. It’s easy to criticize when speed slows down. But what happens when the next FTX moment hits? What happens when users finally demand transparency, verifiability, and control? Maybe then the world remembers why dYdX took the hard road. Until then, we’re stuck in a weird in-between: Too decentralized to move fast Too early to be fully understood But maybe… just maybe… right on time Will traders choose principles over convenience before it’s too late? gdYdX 🫡  XXXXX engagements  **Related Topics** [cosmos](/topic/cosmos) [bold](/topic/bold) [decentralization](/topic/decentralization) [decentralized](/topic/decentralized) [Post Link](https://x.com/_jasmine_9ja/status/1948656010140307812)
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ThatDeFiRaph @_jasmine_9ja on x 5598 followers
Created: 2025-07-25 08:06:11 UTC
Is dYdX too decentralized for its own good? I say this as someone who uses the product, believes in the mission, and watches the ecosystem closely. But if we’re honest, decentralization isn’t just a strength; it’s a friction point.
The move to the dYdX Chain was bold. Cosmos SDK. CometBFT. No centralized sequencer. A fully sovereign appchain where validators run the order book.
It’s beautiful in theory. But in practice? It’s hard mode.
TVL? Around $22M. Open Interest? ~$430M. Validator set? Growing, but still small relative to the risk they secure. And the reality is this: the more decentralized it gets, the harder it becomes to iterate quickly.
This isn’t Uniswap or Arbitrum. There’s no foundation flicking switches. Upgrades take governance. Upgrades take time. And meanwhile, competitors are shipping faster with far fewer constraints.
But maybe that’s the point.
dYdX is trying to win the right way, not the fast way. No hidden backdoors. No sequencer biases. No governance theater.
It’s easy to criticize when speed slows down. But what happens when the next FTX moment hits? What happens when users finally demand transparency, verifiability, and control?
Maybe then the world remembers why dYdX took the hard road.
Until then, we’re stuck in a weird in-between: Too decentralized to move fast Too early to be fully understood But maybe… just maybe… right on time
Will traders choose principles over convenience before it’s too late?
gdYdX 🫡
XXXXX engagements
Related Topics cosmos bold decentralization decentralized