Did you know? That, @dYdX v4 is no longer just a protocol built on Ethereum it’s now operating on its own sovereign Layer 1 blockchain. But if you’re saying what does that mean, here’s your answer👇🏻 1️⃣Built with Cosmos SDK: 🔹dYdX migrated to a Cosmos based appchain architecture. This gives the protocol full control over block production, validator sets, gas fees, and upgrade logic something not possible on Ethereum L2s. 2️⃣Fully onchain orderbook and matching engine: 🔹Unlike most perpetual DEXs where order matching happens offchain, dYdX v4 executes trades entirely onchain. 🔹Every order, match, and settlement is verified by the consensus layer. 3️⃣Performance tailored for high frequency trading: 🔹The Cosmos stack enables low latency block times and high throughput critical for delivering a centralized exchange like trading experience in a decentralized environment. 4️⃣DYDX token with actual utility: 🔹In v4, the DYDX token is not just a governance token. Trading fees are paid out to validators and stakers, meaning real value accrues to those securing the chain. 5️⃣And Why appchain matters? 🔹By owning its own chain, dYdX can integrate custom modules, deploy upgrades independently, and optimize every layer of its infrastructure for trading. 🔹This level of sovereignty isn’t possible on generic shared networks. So if you thought dYdX was just another DEX with a fancy UI, think again. This is a purpose built financial infrastructure, entirely onchain.