dYdX to expand to its own blockchain in the Cosmos ecosystem

dYdX says that by launching a new blockchain, it would make its offering more competitive and decentralized. The post dYdX to expand to its own blockchain in the Cosmos ecosystem appeared first on The Block.

Timeline of Cosmos, Dydx

Three Arrows Capital was an early investor of dYdX. The team at dYdX has released a statement clarifying that the project is unaffected by the financial situation facing Three Arrows Capital.

ATOM seemed to be flashing bullish signs after a strong downtrend kicked off last week. However, the market is now noting another crash, forcing ATOM to crash below its structural support.

The decentralized stablecoin of Maker is coming to Cosmos after a collaboration with the cross-chain protocol Umee so let's read more today in our latest cryptocurrency news. After Terra's $40 billion implosions a month ago, the Cosmos ecosystem is n the hunt for a new decentralized stablecoin.

Blockchain developer toolkit and the backbone of Web3 infrastructure, SubQuery, has integrated with the Cosmos-based sandbox environment Juno to launch data indexing services for the Cosmos blockchain network. This added support comes on the heels of SubQuery's recent beta version launch for the Avalanche blockchain ecosystem.

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Since attaining its ATH early this year, Cosmos (ATOM) has exhibited a persistent bearish tilt.

ATOM fell towards a three-week low on Thursday, as crypto markets were victim to yet another red wave. Overall, markets are down nearly 5% as of writing, with GRT dropping by almost 10% lower on the day. Cosmos (ATOM) ATOM dropped towards a three-week low during Thursday's session, as global crypto markets were nearly 5%

The Cosmos Builders Foundation has reportedly introduced its federation of crypto-native organizations “collaborating toward a more vibrant, egalitarian, and resilient Interchain economy.” In coordination with the Interchain Foundation, the Cosmos Builders Foundation is focused on “supporting the maintenance and development of infrastructural public goods for.

SOL was trading lower to start the weekend, as prices slipped on Saturday. This comes as bears re-entered the market following a week of consolidation. ATOM was one of the biggest movers, falling by 10%. Cosmos (ATOM) After climbing by over 15% on Friday, ATOM was one of the biggest losers on Saturday, as prices

The crypto market is showing signs of recovery, and it seems Cosmos has also been pulled in the same direction with an increase of 12% in the last 24 hours. Cosmos (ATOM), the 27th biggest cryptocurrency, has a total market cap of $3.2 billion.

Bitcoin was indecisive as it traded just above the $29k mark, and the altcoin market has been trading sideways in the past few hours as well. Cosmos rose above the $11.06 support level and held on, while Fantom and Chainlink appeared to trade within a range.