Decentralized derivatives exchange (DEX) dYdX has just announced it has created its own network using the Cosmos SDK.
According to the project, the launch will take place as part of the dYdX V4 update, which involves going beyond the Ethereum ecosystem.
According to the dYdX Trading development team, the new version of the network will receive a fully decentralized offline order book and order matching mechanism, which is expected to allow the exchange to scale throughput.
The new dYdX network will be controlled by a distributed set of validators, not just the founding team. It is work mentioning that the update will launch in the coming months.