The "alpha mainnet" for dYdX version 4, along with the debut of its standalone Cosmos-based blockchain, was released today, signaling a notable transition for the leading decentralized derivatives platform. At 1 p.m. EST today, dYdX Chain validators created the genesis block of the dYdX Chain. The activation of the dYdX alpha mainnet marks the first phase in transitioning to dYdX version 4 and its new, community-governed Layer 1 blockchain. Built on the Cosmos SDK, the alpha version introduces an independent blockchain tailored to accommodate the project's requirements. This development follows the recent public release of the open-source code for the dYdX blockchain.
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