dYdX's Layer 2 perpetuals go live on Ethereum scaling solution StarkWare

Crypto perpetual contracts offered by decentralized derivatives exchange dYdX have gone live on StarkWare, the Ethereum layer-2 scaling solution.

The full launch means there is no more closed alpha of the scaling solution, which was launched in February with limited deposits. 

"With the transition to our Layer 2 protocol, we've built an entirely new product and trading system for cross-margined Perpetuals from the ground up," said dYdX. "The product features a new and improved UI, truly instant trading, and all the advanced features traders expect while trading perpetuals."

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Traders can benefit from "zero gas costs, lower trading fees, and reduced minimum trade sizes," dYdX explained.

dYdX first partnered with StarkWare last August to bring Ethereum scaling to its offerings; StarkWare utilizes ZK Rollups scaling technology for its solution, which, like Optimism's Optimistic Rollups, are being developed in a bid to solve some of the scaling challenges facing the Ethereum

Both technologies have their pros and cons. dYdX said it chose ZK-Rollups because StarkWare's solution was already in production when it first partnered with the startup. Decentralized exchange DeversiFi also uses StarkWare's solution.

Synthetix, on the other hand, uses Optimism's solution, and Uniswap is set to utilize Optimism in the coming months.

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Yogita Khatri is a senior reporter at The Block, covering all things crypto. As one of the earliest team members, Yogita has played a pivotal role in breaking numerous stories, exclusives and scoops. With nearly 3,000 articles under her belt, Yogita holds the records as The Block's most-published and most-read author of all time. Prior to joining The Block, Yogita worked at crypto publication CoinDesk and The Economic Times, where she wrote on personal finance. To contact her, email: [email protected]. For her latest work, follow her on X @Yogita_Khatri5.