dYdX updates MEV dashboard to more accurately detect bad validators
dYdX on the X platform stated that it is updating the MEV dashboard to more accurately detect the maximum extractable value (MEV). The updated version can display the dollar value of MEV that each validator may extract, rather than the order book differences that may come from MEV or network noise in the initial version. dYdX Trading is continuing to explore further mechanisms and protocol-level designs to prevent MEV extraction.
dYdX integrates cross-chain solution from Axelar for seamless onboarding to version 4 platform
The largest decentralized financial derivatives platform, DYdX, has integrated a cross-chain infrastructure solution from Axelar's interoperability network. The integration will allow for single-click onboarding and offboarding to the upcoming dYdX version 4 platform, which will feature its own appchain model in the Cosmos ecosystem. The integration will utilize Squid, a cross-chain transaction builder built on Axelar's decentralized infrastructure, to efficiently transition users onto the new platform. <br>
dYdX: Yesterday’s 24-hour trading volume on dYdX was $1.05 billion
dYdX stated on X platform (formerly Twitter) that its 24-hour trading volume reached 1.05 billion US dollars yesterday.
dYdX Founder: After dYdX Chain Is Launched, DYDX Will Still Use the Existing Token Distribution Model
On September 12th, dYdX founder Antonio Juliano posted on X platform stating that there is currently no plan to compensate validators on the dYdX Chain through additional inflation, and that the existing token distribution model will be used after the launch of dYdX Chain (inflation has been reduced by more than 60%). Soon, dYdX Chain will become the Layer1 closest to Ethereum in terms of the sustainability of the token economic model.
dYdX Will Launch Testnet 3 on September 13th
September 8th, dYdX will close Testnet 2 at 23:00 on September 11th and launch Testnet 3 on September 13th.
Updates for Testnet 3 include: conditional orders, MEV nodes, delayed message modules, and support for using governance tokens to pay gas fees.
