.Crypto_Potato recently interviewed dgogel at EthCC 💪 In the interview David shares details of how the DEX market has evolved and what the future could look like 🎤 This 🧵 highlights the key talking points 👀
. I’ve been with the foundation for about two years now. Our mission is to enable communities, developers, and decentralized governance over the current version of the protocol and future versions of the protocol.”Since its inception, dYdX has seen substantial growth, with peak volumes reaching $10 to $15 billion daily. Although volumes have declined, David confidently expressed that net flows into crypto have increased over time, with a shift from centralized exchanges to DEXs.
of dYdX from Ethereum to Cosmos. He emphasized the historical importance of Starkware’s L2 for settlement on the Ethereum network. “The Cosmos ecosystem allowed us to be able to build a custom chain specific to our use case, which is around trading high-velocity products. So, dYdX Trading has been building the Cosmos open-source code for the last year and a half. The big difference is the order book and the matching engine will run in memory by the validators… it allows for a highly scalable system, high throughput, but also has that decentralization ethos.
“Should the community decide to vote for v4, the next 12 months are really focused on supporting a migration and then developing and growing a big ecosystem around the dYdX chain.”
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