Who is DxDY built fot and What do they offer?
DxDy is a Decentralized exchange platform (DEX) for cryptocurrency designed to facilitate spot and derivatives trading. Spot trading occurs on Ethereum's Layer , while derivatives are handled on Layer 2, thereby providing swift and cost-effective trades.
As of today, DxDY boasts between 34 ~ 37 trading pairs. While this might seem modest compared to uniswapV3's 1675 pairs or Sushiswap's 487 pairs, it's worth noting that DxDy concentrates on the most sought-after high-volume trading pairs, predominantly focusing on DeFi and Layer 1 tokens.
DxDy's primary purpose is to cater to the derivatives trading market, which typically comprises seasoned traders who understands risks associated with leverage. The core team acknowledges the intense competition in spot trading, but they see it as a avenue to generate immediare revenue. Nonetheless, this DEX targets traders who deal with derivatives and emply leverage. DxDy offers up to 25x which might seem low compared to other exchanges that offer up to 150x.
Therefore, potential users should be aware of these limitations when choosing DxDy for their trading needs. Show Less