The post Why DeFi giant dYdX ditched Ethereum and doesn’t regret a thing appeared on BitcoinEthereumNews.com.

After dYdX’s headline-making departure from Ethereum’s layer-2 ecosystem to its own standalone Cosmos-based chain, the crypto derivatives giant has been on a mission to prove that app-specific blockchains are the future.  Speaking to Cryptopolitan in an exclusive interview, Charles d’Haussy, CEO of the dYdX Foundation, was characteristically bullish not just on dYdX’s new trajectory, but on DeFi’s coming resurgence and Ethereum’s enduring dominance. D’Haussy laid out a map for both the DeFi landscape and crypto markets over the coming months. He forecasts Bitcoin to hit $150,000 and Ethereum to reach $5,000 by October 2025. He even highlighted the accelerating role of stablecoins and real-world assets (RWAs) as the main catalysts driving the next phase of adoption. Leaving Ethereum behind dYdX’s migration to its own chain was one of the most ambitious moves in DeFi history. While leaving Ethereum’s layer-2 (StarkEx) stack raised eyebrows, d’Haussy is crystal clear: there are no regrets. “With our own chain, when you have a critical size, every app deserves to have its own chain,” d’Haussy said. By building on Cosmos, dYdX escaped dependence on Ethereum’s roadmap, giving the protocol full sovereignty to optimize its stack exclusively for crypto derivatives — the largest market in crypto, worth ten times the spot market, he reminds. Since the 2023 migration, dYdX’s standalone chain has clocked $305 billion in trading volume. Over 80% of DYDX tokens have successfully migrated to the new chain. “The migration has been doing well,” d’Haussy asserts, despite some short-term turbulence from emerging competitors like Hyperliquid. Despite leaving Ethereum, d’Haussy remains a staunch believer in its future. He dismissed all sorts of chatter about waning momentum. “If you remove the noise from Twitter and look at the facts, the majority of stablecoins, RWAs, and tokenization initiatives like BlackRock’s are all on Ethereum,” he says. Solana…

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Filed under: News - @ May 15, 2025 2:30 pm