dYdX Migration to Cosmos

dYdX announcing they will be moving to Cosmos which has stirred up a lot of controversy and many in the crypto ecosystem trying to decide if this questions the value proposition of Ethereum Layer 2s.

For those unfamiliar dYdX is a very popular decentralized exchange that in 2022 has done daily volume of roughly 400 Million to 15.43 Billion a day. Rather then Curious Cosmonaut Research covering this topic directly we decided their was already many valuable resources but scattered and decided to consolidate them.

First, here is dYdX’s announcement

Here is Antonio’s commentary on some of the pushback from dYdX’s announcement.

Next to consolidate here is Thyborg’s take on the dYdX move to Cosmos. Thyborg is a researcher in the Cosmos space who recently joined the Informal team in Cosmos.

Here is some of Antionio’s responses to the controversy of abandoning Ethereum Layer 2s