Project (DeFi) | What is dYdX?

dYdX is a protocol that operates within the decentralized finance (DeFi) ecosystem, established in 2017. It runs on the Ethereum blockchain and stands out from its competitors due to its ability to conduct derivative transactions. The protocol operates in a decentralized manner, with all transactions carried out through smart contracts. As a result, users can carry out derivative transactions on their own wallets without using a centralized trading platform.