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dYdX, a decentralized exchange (DEX), has launched its new native blockchain called dYdX Chain. This blockchain, built using the Tendermint consensus with the Cosmos SDK, is a standalone chain for the DEX, which previously operated on Ethereum. To celebrate the launch, dYdX has introduced a six-month incentive program in collaboration with Chaos Labs. Traders on the new chain will have the opportunity to earn rewards based on their activity, with a total of $20 million worth of rewards to be distributed. The program aims to increase trading volumes and liquidity, attract market makers, and secure the dYdX chain. Currently, there are 54 million DYDX tokens allocated to the project’s Rewards Vester account and over 172 million tokens in the Community Treasury address. The dYdX DEX currently supports markets for Bitcoin, Ethereum, Solana, and Chainlink, with plans to continuously add new markets in the future. At the time of writing, the price of DYDX is $3.27.