Crypto Gems

dYdX Leaving Ethereum for Cosmos


Join Daily Airdrop



Twitter: https://twitter.com/Dynamo_Patrick
Get 10% off fees on Kucoin: https://www.kucoin.com/r/af/QBSSS45V

dYdX Announcement – https://dydx.exchange/blog/dydx-chain
Thread on Cosmos – https://twitter.com/Dynamo_Patrick/status/1541155975834517510

dYdX, a large protocol currently on an Ethereum Layer 2, announced that it is moving to its own Cosmos chain. In this video, I go through how this could be the start of a showdown between Ethereum Layer 2 rollups and Cosmos chains to be the predominant blockchain scaling solution.

0:00 Intro
0:56 Dynamo DeFi
1:06 dYdX Background and Decision
3:39 Implications of dYdX Move
6:18 Other Cosmos News
7:37 What does it Mean to be Built on Cosmos?
9:05 Cosmos Hub and ATOM
11:06 Ethereum Rollup Momentum

#cryptocurrency #defi #passiveincome #crypto

source


Join Daily Airdrop

Related Articles

14 Comments

  1. Good for them! It's time for more developers to step out of the "safety" of "because we have always used ETH" Its time to see developers letting go of those fears of upgrading to modern, more appropriate technology. ETH tech is old.

  2. Not a smart move. By doing this it loses out on one of the biggest communities in Crypto. Dydx price may go up, but users likely to go down imo.

  3. I < must say that you are the most erudite and smart analyst in the crypto space. First of all, you're just awesome! <Looks like more volatile days are ahead in the broader crypto market with inflation still rising at an increasing rate. <If chronic fear, bear market conditions and inflation continues to rise expect BTC to touch $18k – 20k and ETH to touch $1000! Paper handers will panic sell and miss the opportunities of a lifetime. <It was a long time coming, but Bitcoin has finally broken out of the tight range in which it has traded since first dipping to ten-month lows last month. <Just to be clear, despite short/medium term issues which unfortunately are across the board, if you can survive and play your moves right or with help of a professional like Dean vella without blowing up or risking too much so you have no capital, this is IMO the opportunity of a lifetime. <Macro factors are demanding further downside, as the impact of inflation and geopolitical strife is clearly felt on equities markets…But whatever you lose in a macro downtrend, you'll gain multiples back in a macro uptrend. All you have to do is pay attention to the markets when they are ultra bearish. <It’s not the first time we’ve gone through a crypto winter. If we are in a crypto winter it would be wise to be proactive, with the help of Dean vella, i was able to grow my assets to over 11' btc using his signals and his risk management strategy. <The global economic environment is becoming extremely tough to navigate for investors involved in all kinds of markets, so it is no surprise that bitcoin is also facing increased downward pressure in other to successfully navigate this bear season contact him today You can reach out to Mr Dean on his personal handle via telegram @deanvella1970 or What'sapp+33755531299.

  4. Nothing in the world is more common than unsuccessful people with talent." –Anonymou
    "

  5. Thanks Patrick for the very important news again. I have a new video idea your favorite projects on cosmos (juno,osmosis,evmos,scrt?) and also if you see any bluechip L1 interoperability in the future atom-dot-eth-avax, if that's feasible and if cosmos hub could be the main governor for that? Thanks again cheers!

  6. Excellent stuff Patrick – definitely the best explanation of the value of Cosmos I've seen so far!

  7. I keep telling people eth is done! It was just first and riding off of popularity. When you get down to the actual tech… It’s already obsolete so what future does it have… The rabbit never wins the race!

Back to top button