After seeing the post from 리자몽, I thought I would share my thoughts as well..
Actually, when I first saw @Mira_Network, it reminded me of an 'order book style perp DEX' like dydx v2, which records only the results of off-chain operations on-chain.
It seemed similar in that most operations are performed off-chain, and only the results and changes in deposited capital are recorded on-chain.
Of course, in the case of an order book style perp DEX, the deposited capital is central, and the main purpose of off-chain operations is trading based on the order book, whereas,
in the case of Mira Network, the deposited capital is only used for rewards or slashing of Verifier Nodes,
and the 'main purpose' of off-chain operations seems to be the inference and sharding process, which has no relation to the deposited capital.
However, while the method of storing off-chain results on-chain was mostly centralized in the case of order book based perp DEX,
Mira's approach, as you mentioned, is very similar to the PoS consensus process of the blockchain.
In this regard, it seems to be more 'blockchain-like' than previous dApps? This gives me an abstract thought, haha.
So, as you mentioned in your post, I believe Mira is a project that borrows the methods of blockchain in the AI industry, taking a step closer to mass adoption.
Just as perp DEX has evolved from order book style to fully on-chain methods like AMM or hyperliquid with its own chain,
I think there is a sufficient possibility for projects like Mira to also move towards fully on-chain.
If Mira's in-house operations are based on LLM computations, there seems to be enough elements to apply concepts like zkML or opML from other 'AI projects that have a foot in blockchain.'
Of course, it would require tremendous advancements in zk technology and model lightweighting, among other developments in AI,
but if a singularity occurs where the utility gained through decentralization via 'trustlessness' becomes greater than the 'resource utility through centralization,'
I thought that it could become a fully on-chain deAI project utilizing blockchain throughout all processes and get closer to mass adoption. Haha.
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헤다 heda
dydx는 정녕 아무도 관심이 없는 것인가요?????
다른 슅 포스트가 1k뷰인 반면
dydx글은 단 200뷰에 그치지 않는 모습이다
너 대체 머가 문젠거니ㅜㅜㅜㅜ???????
얘 대체 왜 이러나요?!?!?!?
얘도 상금 있다면서요!!!!!!!!!!!
@dYdX @auz2or @co_cobling @bongbongcrypto
@UXLINKofficial @MemeCore_ORG @MemeX_MRC20
헤다 heda
Wow, what is this? I didn't expect the dydx to be this high.
Is there a chance with this? What do you think, seniors????
@dYdX @co_cobling @auz2or @bongbongcrypto
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Eugene Bulltime
Spot volume share:
DEX: 28%
CEX: 72%
Futures volume share:
PerpDEX: 8.2%
CEX: 91.8%
DEX and PerpDEX shares doubled per lat year.
Trading is shifting onchain.
Perpetual sector potential is approximately 3 times higher.
These factors lead TradFi and VC to buy $HYPE. This trend is just beginning.
other projects worth checking out:
@dYdX
@Lighter_xyz
@ostium
@JupiterExchange
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코생 (파머)
Talk more, receive more.
@dYdX Yapper Leaderboard 2: June 12 - July 12
Is it too late to join Season 2? Yes.. aim for Season 3.
Starts from July 12.
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LightLink ⛓️
1/6 What’s the real difference between building on L1 vs L2 if both are EVM-compatible?
Turns out, it’s massive
L2s unlock an entirely new toolkit for next-gen apps — cheaper, faster, and way more flexible
Let’s break it down 🧵👇
The current price of dYdX is $0.47900. Over the last 24 hours, dYdX has increased by +1.48%. It currently has a circulating supply of 746,103,082 DYDX and a maximum supply of 1,000,000,000 DYDX, giving it a fully diluted market cap of $357.16M. At present, dYdX holds the 88 position in market cap rankings. The dYdX/USD price is updated in real-time.
dYdX’s biggest 24-hour price drop was on Sep 8, 2021, (UTC+8), when it fell by $27.0000 (-90.00%). In Sep 2021, dYdX experienced its biggest drop over a month, falling by $27.0000 (-90.00%). dYdX’s biggest drop over a year was by $27.0000 (-90.00%) in 2021.
The rating provided is an aggregated rating collected by OKX from the sources provided and is for informational purpose only. OKX does not guarantee the quality or accuracy of the ratings. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. The price and performance of the digital assets are not guaranteed and may change without notice. Your digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX does not guarantee any return, repayment of principal or interest. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.
By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates ("OKX") are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets.
As a Layer-2 decentralized exchange, dYdX leverages Ethereum smart contracts to create various crypto-asset financial products. DYDX is the name and ticker symbol of the governance token of the dYdX exchange. With advanced trading features, this open trading platform supports perpetual futures, margin trading, borrowing, and lending to ensure fast execution, security, and transparency. The exchange also offers programmatic trading and helps traders build their trading bots on dYdX.
In 2020, the fully noncustodial protocol also implemented a Layer 2 scaling solution (ZK-rollups) by partnering with blockchain technology developer StarkWare. With this partnership, the perpetual contracts on the exchange are powered by StarkWare’s scalability engine, StarkEx. As a result, with 25 times more buying power, traders no longer have to pay fees to miners for each transaction.
The StarkWare and dYdX integration helped bring more trading pairs onto the exchange, allowing traders to increase capital efficiency and trade with lower margin requirements.
The liquidity of the dYdX exchange is mainly due to staking pools. dYdX has two types of staking pools, namely safety and liquidity pools. Both provide liquidity and allow the creation of new markets on the Layer 2 protocol. Users continue to receive staking rewards in proportion to their share in the pools. The platform also incentivizes long-term holders of DYDX tokens by providing them with trading rewards and discounts.
DYDX price and tokenomics
DYDX has a total supply of 1 billion, which will be distributed over five years. The perpetual inflation rate is fixed at a maximum of 2% per year, enforced via a governance proposal. All holders of DYDX tokens can participate in the governance process to make necessary changes to the Layer 2 protocol. For example, holders can define staking pool payouts and set risk parameters, adding more utility value to the DYDX token.
50% of the total supply of DYDX tokens will go towards the dYdX community, which includes traders, liquidity providers, and stakers. The remaining supply is distributed among past investors and employees of the dYdX Foundation. The token’s staking mechanism and governance utility has facilitated the growth of DYDX’s price.
About the founders
Antonio Juliano is the founder and CEO of dYdX. He started his journey in the crypto world after graduating from Princeton University with a computer science degree, which landed him an internship at Coinbase. He started the dYdX decentralized exchange to increase transparency, improve user safety, and faster trading transactions. Juliano felt a lot of demand for margin trading and pushed it as a use case for dYdX.
dYdX has raised a total of $87 million over four funding rounds. On June 15, 2021, dYdX raised $65 million during a Series C round led by Paradigm. The previous funding round in January 2021 helped raise $10 million, the lead investors being Three Arrows Capital and Defiance Capital.
Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 16K new posts about dYdX, driven by 3.1K contributors, and total online engagement reached 554K social interactions. The sentiment score for dYdX currently stands at 85%. Compared to all cryptocurrencies, post volume for dYdX currently ranks at 4308. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of dYdX.
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Interactions
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Sentiment
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Volume rank
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X
Posts
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Interactions
544,435
Sentiment
86%
dYdX FAQ
What is DYDX?
dYdX is an advanced trading exchange for spot, margin, and perpetual futures trading. Traders can directly access the platform without handing over their assets to a central entity. The platform is powered by smart contracts on Ethereum, making dYdX an open, permissionless, noncustodial DEX. DYDX is the ticker symbol of the exchange’s native governance token.
dYdX offers various trading tools and features that help with faster trade execution, security, and platform transparency. Moreover, there have been no gas fees after implementing Layer 2 scaling solutions, giving traders access to more trading pairs.
How does DYDX work?
The noncustodial dYdX exchange uses smart contracts for all its services. Each asset listed on dYdX has its own lending pool. Lenders and borrowers interact within asset pools, determining the supply and demand and each asset’s interest rates. DeFi services such as margin trading and perpetual futures trading are also available.
Where can I buy DYDX?
Easily buy dYdX tokens on the OKX cryptocurrency platform. Available trading pairs in the OKX spot trading terminal include dYdX/USDT and dYdX/USDC.
To view the estimated real-time conversion prices between fiat currencies, such as the USD, EUR, GBP, and others, into dYdX, visit the OKX Crypto Converter Calculator. OKX's high-liquidity crypto exchange ensures the best prices for your crypto purchases.
How much is 1 dYdX worth today?
Currently, one dYdX is worth $0.47900. For answers and insight into dYdX's price action, you're in the right place. Explore the latest dYdX charts and trade responsibly with OKX.
What is cryptocurrency?
Cryptocurrencies, such as dYdX, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as dYdX have been created as well.
Watch this video to learn about what happens when you move your money to a crypto exchange.
Disclaimer
The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
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