In this week’s episode we speak with Antonio Juliano, founder and CEO of dYdX, one of the biggest decentralized exchanges on Ethereum, focusing on derivatives. dYdX recently made news by being one of the first major DeFi projects to move to Layer 2.
One of the main goals for his team this year will be to further decentralize dYdX, Juliano said, from the order book to the control of their smart contracts. So yes, for those reading between the lines, that means decentralized governance, and Juliano isn’t ruling out a dYdX token. Juliano believes derivatives are going to be the biggest products in crypto and so his long-term goal is for dYdX to become one of the biggest crypto exchanges, period. He knows DEXes are just 5% of total crypto volume, but that’s up from 0% two years ago. He says, a lot of people are seeing the writing on the wall.