dYdX Enhances Trading Platform for Faster, Smoother Experience
dYdX, a decentralized perpetual contracts trading platform, has unveiled its near-term roadmap. The updates aim to boost speed and user experience, along with new trading features.
In the next two months, dYdX will focus on improving website stability. This includes reducing downtime and data delays during high trading periods. The platform will also streamline deposit and withdrawal processes. Users can expect access to their funds in under a minute, down from the usual 18 minutes. The front-end interface will be revamped for faster loading times.
Key improvements include:
- Reducing downtime and data issues.
- Speeding up deposits and withdrawals.
- Adding features like reduce-only limit orders and TWAP orders.
Thes changes will make trading more efficient. The platform will release bi-weekly updates to keep the community informed. After these updates, dYdX will release a detailed roadmap for the rest of the year. The long-term plan includes expanding asset offerings and integrating oracles for better price feeds.
dYdX will integrate with Ethereum and support automated trading tools. The platform will introduce reward programs to attract more retail investors.
The DYDX token is currently trading at $0.59, up 8% in the last 24 hours. The 24-hour trading volume stands at $22,762,737. This growth follows the recent dYdX chain upgrade to version 8.0, decided by a community vote. The upgrade introduced “permissioned keys” for better account control and removed inactive markets to streamline the platform.
