dYdX is a decentralized exchange (DEX) and derivatives platform founded by Antonio Juliano in July 2017. It offers services such as crypto margin trading, lending, and borrowing on Ethereum's layer-1 network. The platform is designed to enhance how individuals trade and invest in digital assets, featuring a user-friendly interface and advanced functionalities. Users can engage in margin trading with leverage of up to 10x and access perpetual trading options for various cryptocurrencies, including Bitcoin, Ether, Dogecoin, and Cardano. dYdX allows users to trade directly from their wallets, ensuring they maintain full control over their funds. In August 2020, the platform migrated to StarkWare's layer-2 network, StarkEx, to improve transaction capacity and reduce fees. dYdX has gained popularity among retail and institutional investors, emphasizing user control and transparency. The company raised $65 million in a Series C funding round in June 2021 and aims to become the largest exchange in the crypto space by 2024.