What is DYDX?

Modified on Fri, 17 Feb 2023 at 12:38 AM

DYDX is a token of a DEX platform with a similar name, dYdX. dYdX is Decentralized Exchange (DEX) built on the Ethereum network.


Unlike Centralized Exchange (CEX), DEX does not require an intermediary to control the exchange, but uses Smart contracts as a mechanism to automate all transactions with transparency. The mechanism also can be checked due to the fact that smart contracts are written and recorded on blockchain technology.


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