dYdX Foundation Requests $30M Budget, Pledges to Issue Annual Spending Report
The Foundation wants to preserve an 18-month runway through at least mid-2026.
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The Foundation wants to preserve an 18-month runway through at least mid-2026.
The decentralized exchange, which last year moved over to the Cosmos blockchain, just saw $757 million of volume over a 24-hour period.
Several major alternative cryptocurrencies including DYDX, Optimism (OP) and SUI dropped sharply as massive token unlocks weighed on prices.
Last week marked the one-year anniversary of Ethereum’s historic “Merge” – the shift to a more energy-efficient proof-of-stake network. But in some ways the largest smart-contract blockchain has become a victim of its own success: Staking is so popular that the number of network validators is mushrooming toward 1 million, introducing new concerns related to the sprawl. We discuss how Ethereum developers are addressing the issue with the EIP-7514 proposal.
In theory, this could boost the price of DYDX, based on the basics of supply and demand.
The DEX said users can now trade bitcoin and ethereum on the public testnet.