- dYdX exchange representatives released their roadmap for 2024, outlining their plans to enhance user experience and improve the order book.
- Measures will be implemented to mitigate risks and to integrate the platform with various centralized exchanges.
dYdX, a decentralized exchange, recently unveiled its roadmap for 2024. In a tweet, the team revealed their plans, which include permissionless markets, improved user experience, and core trading enhancements.
The development team will primarily focus on three key areas:
- Establishing a “public market” that allows trading of any crypto-assets.
- Enhancing trade operations.
- Improving user experience.
As part of the creation of a “public market,” measures will be implemented to mitigate risks using storage, oracles, scaling solutions, and internal protocols. The upcoming product will support isolated and cross-margin operations as a means to strengthen protocol risk controls, according to the team.
Additionally, dYdX will concentrate on improving the order book infrastructure. They plan to release updated charts and minimize delays and slippages when executing trading orders. The protocol is also expected to support additional programming languages.
Other improvements in the 2024 roadmap for dYdX include:
- Introducing a social trading feature, allowing users to log in using social network X (formerly Twitter).
- Displaying a leaderboard showcasing trading history and results.
- Integration with centralized exchanges to simplify fund transfers and reduce transaction fees.
- Expanding the list of supported wallets.
- Enhancing the ease of use of the exchange by optimizing notifications about important events.
dYdX’s native token, DYDX, is currently trading at a value of $2.69. In November 2023, the token experienced a surge of over 20% in a single day following the news of the beta launch of the mainnet.
It is worth noting that in the autumn, the primary network of the L1 blockchain dYdX Chain entered its beta stage. The platform surpassed Uniswap in terms of daily trading volumes.