dYdX Chain Integrates Cross-Chain Infrastructure Axelar, with Mainnet to Launch in October

Decentralized derivatives exchange dYdX announced that the dYdX Chain (also known as V4) has integrated Axelar's cross-chain infrastructure to use Squid to enable one-click onboarding.

Squid is a cross-chain transaction protocol powered by Axelar. With the help of the integration, users will be able to deposit assets from Ethereum, Layer2s, or other app chains to the dYdX Chain, or to withdraw assets from dYdX, within a dYdX Chain front end in one click. Supported chains include Ethereum, Avalanche, OP Mainnet, Arbitrum, Polygon, Base, and more.

In addition, when interviewed by CoinDesk, dYdX founder Antonio Juliano said that the dYdX Chain is now in the final stages of testing and will be live on the mainnet in October.

Related: Proposal for dYdX V4 and Token Migration to dYdX Chain Approved

Stay updated with the most important cryptocurrency news and valuable insights, conveniently delivered to your email every day. Subscribe to the TokenInsight mailing list now!

Prefer social media? Follow us on Twitter, or subscribe to our Telegram channel!

If you have news reports or announcements that you want to reach a wider audience, feel free to email us at [email protected]