Cryptocurrency Q&A
Which blockchain is dYdX on?
Which blockchain is dYdX on?
CryptoConqueror
Mon Jun 24 2024
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5 answers
1034
Excuse me, could you elaborate on the blockchain technology utilized by dYdX? As a keen observer of the cryptocurrency landscape, I'm particularly interested in understanding the underlying infrastructure that powers this innovative platform. Is dYdX built on Ethereum, a popular smart contract-enabled blockchain, or perhaps another emerging technology? Clarifying this detail would greatly assist in my comprehension of dYdX's architecture and functionality within the broader decentralized finance ecosystem. Thank you for your time and consideration.
5 answers
KabukiPassion
Tue Jun 25 2024
These soaring gas fees posed a significant financial burden on dYdX, as it had been subsidizing its users' gas fees.
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SsamziegangSerenade
Tue Jun 25 2024
The initial launch of dYdX was facilitated by the Ethereum blockchain, providing a foundation for its operations.
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CryptoMercenary
Tue Jun 25 2024
The rising costs became unsustainable for the platform, threatening its long-term viability.
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Isabella
Tue Jun 25 2024
However, the increasing traffic on the Ethereum network soon became a challenge.
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PulseWind
Tue Jun 25 2024
As more transactions occurred, the associated gas fees began to rise significantly.
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