ECNETNews reports that the decentralized perpetual contracts trading platform dYdX has announced an updated roadmap aimed at enhancing performance and user experience. This update outlines key improvements scheduled for the coming months, including new trading features.
As part of its two-month roadmap, dYdX (DYDX) aims to bolster website stability during peak trading times by minimizing downtime, stale data, and throughput issues. The platform will streamline the deposit and withdrawal processes, allowing users to access their funds on the dYdX Chain in under a minute, significantly faster than the typical 18-plus minute wait. Additionally, the user interface will undergo a redesign for quicker loading times and the introduction of features currently offered by competitors, such as reduce-only limit orders, scale orders, and TWAP orders. dYdX will also start releasing bi-weekly development updates to keep users informed of progress.
After these enhancements are rolled out, dYdX will unveil a comprehensive roadmap detailing future development plans for the remainder of the year. Potential long-term developments may include expanded digital asset offerings, integration of oracles for improved price feeds, collaboration with Ethereum, support for automated trading through tools like Hummingbot and CCXT, and the introduction of reward programs.
While dYdX primarily serves professional traders seeking deep liquidity and leveraged trading options, the platform is actively looking to attract more retail investors. The recent launch of a streamlined mobile app and plans to integrate with major wallets and third-party applications are steps toward making the platform more accessible to a broader audience.
This update follows the successful upgrade of the dYdX Chain to version 8.0, which was approved in a community vote. The upgrade introduced “permissioned keys” for enhanced account control and allowed for the removal of inactive markets, ensuring a more efficient platform.
Following this positive roadmap announcement, the DYDX token, utilized for staking and governance, has risen to $0.59, marking an 8% increase in the past 24 hours, supported by a trading volume of $22,762,737.
