dYdX

dYdX is a leading non-custodial decentralized exchange (DEX) focused on perpetual futures trading. Initially launched on the Ethereum blockchain and later on a Layer 2 scaling solution, the protocol has since migrated to its own sovereign, Cosmos-based blockchain known as the dYdX Chain. The platform's mission is to build a premier, open, and community-governed trading platform that offers the performance of a centralized exchange while maintaining the security and self-custody benefits of decentralization. The protocol is supported by the dYdX Foundation, a non-profit entity based in Switzerland, and is governed by the holders of its native DYDX token.