@echoh
gm🔥@dYdX Challenge 4 is open, remember to go for it!
Today, Lao Cha will talk about @dYdX, discussing the platform's advantages and shortcomings.
In terms of advantages, first, its decentralized perpetual contract trading experience is top-tier among similar products, with fast matching and settlement speeds, sufficient depth and liquidity, supporting hundreds of trading pairs, and the on-chain self-custody model avoids the "black box risk" of CEX.
Secondly, the launch of dYdX v4's independent chain frees it from Ethereum gas bottlenecks, with lower fees and smaller latency, which is particularly attractive to high-frequency traders and institutional users. However, shortcomings cannot be ignored.
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