dYdX launches layer-1 blockchain, validators and stakers set to receive all fees By Cointelegraph

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Decentralized cryptocurrency exchange dYdX has launched its layer-1 blockchain with the creation of its genesis block, which will operate using native DYDX tokens.

The dYdX Chain is set to distribute all fees to validators and stakers in (USDC). This includes trading fees denominated in USDC as well as gas fees for DYDX-denominated transactions or USDC-denominated transactions.