Congratulations to all the dYdX team on another major milestone and the projects continued international growth particularly in Greater China, as investors and growth partners in China we're honored to be part of this journey with you!
Excerpt below from Coindesk article on Sept 8th, 2021
"Users Celebrate Massive DYDX Token Airdrop as Transfer Restrictions Lift"
Crypto derivatives exchange dYdX lifted transfer restrictions on its DYDX token on Wednesday, allowing users to claim a retroactive airdrop and trade the tokens. The token currently sits at a market cap of $650 million and a fully diluted valuation of $11.68 billion just hours after launch.
dYdX is a decentralized exchange built on the Starkware layer 2 network that features an order book architecture in contrast to automated market makers such as Uniswap or SushiSwap. Users can trade in spot, perpetual futures and margin markets on multiple trading pairs.
The DYDX token is a governance and utility token. DYDX can be used to vote on governance proposals, and it also confers trading fee and market making fee reductions proportional to DYDX holdings.