One of the leading futures companies, it will soon launch its own chain, with an expected return of 10 times in the future
advantage analysis:
DYDX announced at the end of June that V4 will be migrated to the Cosmos network, using Cosmos development tools to build its own L1 PoS blockchain dYdX Chain, thereby achieving complete decentralization of the order book and transaction matching engine, while increasing the use cases of tokens. However, it should be noted that DYDX currently lacks application scenarios, so even though the platform has developed brilliantly, the current token performance is very ordinary.
If dYdX is successfully migrated to the application chain, DYDX will be used as a gas token and will also provide staking services. As the transaction volume increases, the gas consumption will also increase, and the token price may rise with the development of the protocol.
main problem:
DYDX currently has a circulation of only 15.6%, and the huge selling pressure in the future is still worth noting
Are users willing to migrate to V4? If users are not willing, it will lead to user loss.
Summary:
DYDX has excellent technical and fundamental aspects, but whether it can succeed after leaving Ethereum is still unknown. Investors can make small positions within their tolerance range and expect a 10x increase in the bull market.
