DYdX v4 integrates Squid and Axelar for Cosmos appchain onboarding

Quick Take

  • DYdX has integrated with Axelar’s cross-chain infrastructure for enhanced onboarding to its version 4 that includes an appchain model.

DYdX, the largest decentralized financial derivatives platform, has integrated a solution based on the cross-chain infrastructure provided by Axelar AXL + 's interoperability network.

The objective is to support single-click onboarding and offboarding to dYdX DYDX + version 4, which will feature its own appchain model in the Cosmos ecosystem.

The integration will utilize Squid, a single-click cross-chain transaction builder built on Axelar's decentralized infrastructure. This will allow users to efficiently transition onto the upcoming dYdX v4 platform.

"A necessity for the success of the app-chain approach is highly flexible, fast, and easy-to-use interoperability. The dYdX chain needs to onboard users from roll-ups, Ethereum ETH + L1, other app-chains, and centralized exchanges to serve as many users as possible,” stated Nathan Cha of dYdX Trading.


Keep up with the latest news, trends, charts and views on crypto and DeFi with a new biweekly newsletter from The Block's Frank Chaparro

By signing-up you agree to our Terms of Service and Privacy Policy
By signing-up you agree to our Terms of Service and Privacy Policy

Launch timeline

While dYdX is preparing to launch its blockchain, the final decision regarding the launch timeline will depend on a governance vote.

DYdX Trading anticipates that all the open source code for version 4 will be ready and shipped in October.

© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

About Author

Vishal Chawla is The Block’s crypto ecosystems editor and has spent over six years covering tech protocols, cybersecurity, artificial intelligence and cloud computing. Vishal likes to delve deep into blockchain intricacies to ensure readers are well-informed about the continuously evolving crypto landscape. He is also a staunch advocate for rigorous security practices in the space. Before joining The Block, Vishal held positions at IDG ComputerWorld, CIO, and Crypto Briefing. He can be reached on Twitter at @vishal4c and via email at [email protected]


To contact the editor of this story:
Nathan Crooks at
[email protected]