DYDX to launch public testnet of Cosmos-based blockchain on July 5

The Block
The Block

28 Jun 2023 8:10 PM

Decentralized exchange DYDX said Wednesday that it would launch the public testnet of its Cosmos-based blockchain next week. ...

  • DYDX, a decentralized exchange, will launch the public testnet of its Cosmos-based blockchain next week.
  • The DYDX Chain completed Milestone 4 and has over 40 validators running the platform's software.
  • The testnet will launch ahead of schedule on July 5 and will initially support Bitcoin and Ethereum markets.
  • Functions to be tested include wallet connectivity, order book viewing, market orders, and account information.
  • DYDX plans to add over 30 more markets through future network upgrades.
  • The mainnet launch, completing Milestone 5, is scheduled for September.
  • In 2022, DYDX saw a 140% increase in cumulative transaction volume, reaching $466.3 billion.

The article provides positive news about DYDX's progress, with the successful completion of Milestone 4 and the upcoming launch of the public testnet. The mention of future network upgrades and the significant increase in transaction volume also contribute to a positive sentiment.

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You May Ask

When will DYDX launch the public testnet of its Cosmos-based blockchain?What functions will be tested during the testnet launch?Which markets will the public testnet initially support?How many more markets does DYDX plan to include through future network upgrades?When is the mainnet launch of DYDX's blockchain scheduled?

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