Crypto’s New Toy: Coinbase Bows to Cosmos dYdX-Does It Fetch or Just Bark? 🧐🚀

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Coinbase support announcement

In the grand arena of ones and zeros, the mighty Coinbase has decided to play favorites once again. This time, it’s embracing a Cosmos (ATOMIC?) altcoin, purportedly built for decentralized finance-because who doesn’t want their money to dance freely in digital skies?

On the stage of social whispers (or X, as the hip call it), Coinbase chimes: “Hey, folks! We’re throwing the door open for the latest iteration of dYdX-COSMOSDYDX-because apparently, standard DeFi wasn’t confusing enough.”

“dYdX now struts its stuff on http://coinbase.com, and of course, in the cozy apps on iOS and Android,” they proclaim, as if announcing a new pet or a questionable diet trend. Coinbase users can now buy, sell, convert, send, receive, or simply stare at their screens. Risky? Only if you think emojis are innocent. 😉

Meanwhile, crypto market antics unfold: after the news, COSMOSDYDX’s price thought, “Let’s make a run for it,” soaring from $0.59 to $0.63-clearly the digital version of a teenage crush. Today, it’s hanging around $0.62, up a modest 3.7%. Gotta love volatility, right? 😂

In the whitepaper treasury of wisdom, the creators confess that, although dYdX started in Ethereum’s cozy cocoon in 2017, it decided to spread its wings and migrate to ATOM-because apparently, better customization equals superior derivatives contracts. Sounds like a romance novel, but for blockchains.

“The dYdX Chain is a sovereign layer-1, independent of Ethereum’s maternal grasp-built with Cosmos SDK and secured by CometBFT. Basically, it’s flying solo, doing its own thing, ruling its own digital universe. Governance, validators, the whole shebang-like a kingdom run by smart contracts and not by a missing chess piece.”

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2025-08-09 01:32