Given the recent Noble announcement and the issues brought by DYDX transition to cosmos, adding also the continuous disintegration of cosmos ecosystem showing that EVM, what is the DYDX position regarding this tech evolution?
woww that’s pretty bad. That puts the nail in the coffin.
but according to dydx and the dydx foundation the protocol is doing amazing, so I would’t worry
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Noble it was the one and only player in cosmos ecosystem that was issuing a stable coin with good profit for them.Now they decided that this profit its not enough and decided to move in EVM chain where the competition its huge for bigger profit.We will see the results after sometime.Now its a good chance for cosmos ecosystem to make its own stable coin and move forward .DYDX it was in eth network and left from there to come in cosmos for be truly decentralize. When it was in eth it was more trading volume but less players in dex market now there are so many dex platforms and the competition its huge.So at the end we will see who will stay and who will be eliminated but the only sure its that dydx its for sure from the little ones to be truly decentralized