dYdX’s Cosmos Decision: ATOM Up 12 Percent

dYdX, one of the largest decentralized cryptocurrency exchanges, announced that it will replace the Ethereum infrastructure it uses and develop its own blockchain on the Cosmos base.

dYdX official website on June 22 from the site made statements. In the statements made by the company, it was announced that dYdX will switch to a Cosmos-based blockchain. Also, since dYdX any blockchain can support highly scalable and fully decentralizedz has been announced.

In the statements made, it was stated that the ability of Cosmos to be developed to fully meet dYdX needs was an important point in their selection. Mentioning that a certain transaction volume must be paid in the current situation in the purchase and sale transactions made through dYdX, the company said that thanks to Cosmos. No processing fee will be paid. told.

In the statement, which stated that all dYdX V4 codes will be open source, no service will be transferred to “dYdX Trading Inc.” will not be run by highlighted.

The atom is currently in the resistance zone. If this zone is exceeded in case the “Adam & Eve” formation works for $10.73 can rise up. If the current resistance zone is $5.80 at levels exists.

In the last 24 hour period close to 12% on the rise $7.71 ATOM, the native token of Cosmos, has reached the levels of one of the most rising altcoins in Bitcoin parity.

The local token of the company that made the announcement, dYdX, has been in the last 24 hours. 4% increase lived and $1.43 reached levels.

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