The DYDX mainnet has been integrated into the Binance platform.

The DYDX mainnet has been integrated into the Binance platform.

The new integration allows users to deposit and withdraw DYDX tokens directly. 

DYDX Chain is a Cosmos on-chain application that enables the trading of digital currency derivatives and ranks first in terms of volume in the decentralized permanent sector.

With the completion of the DYDX mainnet integration, Binance joins the growing list of cryptocurrency exchanges and wallet providers to accept the network.

The DYDX chain is an independent, open-source application chain that is fully decentralized, containing everything including the protocol and the order book. 

In November, DYDX Chain launched a new upgrade that introduced cross-chain accounts and allowed liquid staking protocols to integrate with the Cosmos-based network, simultaneously securing the DYDX chain while DYDX Turn your shares into a tradable asset that can be used for DeFi applications.

When DYDX was separated from Ethereum, there were doubts that cosmos was not working properly compared to Ethereum, because Ethereum has significantly more usage compared to the Cosmos ecosystem. However, DYDX's trading volume now surpasses Uniswap and other Ethereum-based exchanges, which seems to confirm the company's decision to change ecosystems.

DYDX Price:
 

At the time of writing this article, the price of each DYDX token
 It is $2, which has decreased by nearly 90% compared to when this token was released in 2021 due to the large correction of the digital currency market in the last 2 years.

But by improving the network and increasing the efficiency of this decentralized exchange, as well as changing the general market trend, it can increase the price of this cryptocurrency.
Of course, this is only an analysis by the cryptotimes team, and any profit or loss is the responsibility of the readers themselves.