dYdX Ditches Ethereum for Its Own Cosmos Blockchain

  1. tldr; dYdX is moving away from Ethereum and building its own chain in the Cosmos ecosystem. The move will allow the protocol to increase its processing capacity by at least ten. The new chain will also not be charging gas fees, only trading fees. The market responded well to the news, with the DYDX token being up 10%.

  2. Probably the biggest crypto related news of the day. Dydx moving away from Starkware and to the cosmos ecosystem is a major move and does cast some doubt on the medium term outlook for Ethereum.

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