Cosmos Labs Co-CEO Barry has stated that dYdX's recent partnership with Robinhood to enter the Real World Assets (RWA) sector will not materially impact ATOM. Barry noted that while dYdX has demonstrated the viability of a fully on-chain exchange, it has faced challenges from new competitors and a declining DeFi market. The partnership with Robinhood is seen as a strategic move to leverage distribution capabilities and revitalize dYdX's position.
Barry emphasized that the dYdX Chain operates independently, using the Cosmos tech stack without affecting ATOM's fees, security, or value. He confirmed that the ATOM community did not fund dYdX's migration and reiterated Cosmos's commitment to focusing on the ATOM and Hub ecosystem, highlighted by their acquisition of the Mintscan team.
Cosmos Co-CEO: dYdX's RWA Move Unlikely to Affect ATOM
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