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Similar to , dYdX is a decentralised exchange that allows users to trade derivates.
On dYdX you can also do margin trading, which is a type of trading that's done using leverage.
With leverage, in a best case scenario, you X your win, but in a worst case scenario, you can also X, as in multiply, your losses.
dYdx is built on Starkware, which is an L2, Ethereum-based platform.
Unlike other equivalent platforms such as UniSwap or Curve, dYdx doesn't rely on Automated Market Makers (AMM).
Instead, it relies on order books, basically like an old fashioned trading firm.
dYdX is currently trading at $3.07.
By the way, on December 26, the platform set a new record for daily trading volume: $5 billion.
