DYDX Tokens Will Be Running On Cosmos On July 5

dYdX is a decentralized exchange and also provide perpetual futures trading that allow users for long/short trading. DYDX tokens are governance tokens.

dYdX on Twitter: "We are thrilled to announce that the dYdX Chain public testnet is set to launch on 7/05/2023 at 17:00 UTC! 🚀🥳 

dYdX wants to have its own blockchain running on Cosmos network. This blockchain is called dYdX Chain. It scheduled to launch dYdX public testnet at 1:00 p.m. ET (17:00 uTC) on July 5. dYdX already has 40 validators running its blockchain network.

DYDX tokens have a max supply of 1,000,000,000 DYDX. It is 98^th largest crypto by market cap. Its fully diluted market cap is $2.0 billion which considered overvalue. Cosmos fully diluted market cap is $3.2 billion with 7% inflation rate. dYdX has $353 million total value locked.