Decentralized exchange (DEX) platform DYdX has announced plans to migrate its entire ecosystem from the Ethereum network to Cosmos, while simultaneously introducing a decentralized order book strategy.

The development was revealed by Charles d’Haussy, CEO of dYdX Foundation, during an interview at Korea Blockchain Week 2023.

The migration signifies a significant strategic shift for dYdX and speaks to the broader push within the cryptocurrency world to uphold decentralization as a core value. Decentralization allows for greater inclusivity and security, limiting the potential for single points of failure or control. dYdX' move to establish a "purely decentralized" order book reflects an industry-wide quest to further these decentralized ideals.

One of the key challenges facing …