Decentralized Exchange DYdX based on Ethereum layer-2 blockchains is developing its own blockchain. The new product from dYdX plans to be based on Cosmos, using Tendermint’s proof-of-stake consensus protocol to validate transactions.
DYdX is positioning itself as the largest decentralized derivatives exchange, with more than $690 million in trading volume in the past 24 hours.
[Via]
