The dYdX Foundation has successfully developed the dYdX Chain, a proprietary blockchain with significant novel technology. The launch of the dYdX Chain involved coordination with various companies, including dydx_ops_subdao, dydxfoundation, noble_xyz, circleapp, and coinbase. The dYdX team and community have received congratulations for their pioneering efforts, with CoinbaseCloud expressing excitement to support them. The dYdX Chain will distribute all network fees to validators and stakers, and the DYDX token has seen a significant increase in value after becoming a layer 1 token for the dYdX Chain.
#Dydx Chain’s Mainnet Goes Live, Introducing Dydx as Integral L1 Token https://t.co/17yKTKQR5v
ICYMI: DYdX Chain to distribute all network fees to validators and stakers https://t.co/HOAWqygES5
.@dYdX's move to its own blockchain sees a major upgrade, with validators & stakers reaping the rewards in USDC. https://t.co/hBygVAgg8W
📈 DYDX Token Soars After Becoming a Layer 1 Token for the dYdX Chain The dYdX Foundation unveiled today the genesis creation of its proprietary blockchain and new functionality for the token. Read more: https://t.co/nWE2dAKgVs https://t.co/JIwkA9GE8D
DYdX Chain to distribute all network fees to validators and stakers https://t.co/WsUDv1GMGw
Huge congratulations to the @dYdX team and community! They've been pioneers for a long time and it's incredibly impressive and exciting that they've taken yet another leap into build the future they want to see. @CoinbaseCloud is thrilled to support them on their mission 🎉
The launch of the dYdX Chain network itself spanned a massive number of companies: 🚀 @dydx_ops_subdao coordinating genesis & launch generally + hosting indexer & frontend 🏛 @dydxfoundation coordinating community governance 💲 @noble_xyz, @circleapp, @coinbase for launching… https://t.co/JSCGGCBMu2
The software behind the dYdX Chain has been a massive effort to develop Building an entire blockchain including significant novel technology in 1.5y is a monumental achievement for which I'm incredibly proud of our team. True respect for you all ❤️