Dear @dYdX In simple terms, dYdX is a decentralized trading platform based on blockchain technology, focusing on derivatives trading such as futures and margin trading. This means you can trade various crypto asset derivatives on the platform without going through traditional centralized exchanges. This aspect is particularly appealing to traders who demand decentralization, privacy protection, and transparency. However, its biggest feature is not just decentralization; it also employs Layer 2 technology to enhance transaction speed and reduce fees while maintaining the advantages of decentralization. Technically, it is based on the Ethereum ecosystem and utilizes StarkWare's ZK-Rollups technology, which significantly increases transaction throughput while ensuring transaction security. Traditional centralized exchanges share a common problem: you need to store your assets in the exchange's wallet, and if the exchange gets hacked or encounters issues, users' assets are at risk. In contrast, dYdX uses a decentralized architecture, allowing users to keep their funds in their own wallets, greatly reducing risk. dYdX's derivatives trading, especially for futures and perpetual contracts, has relatively lower fees compared to traditional platforms. For users who trade frequently, every saved fee represents significant savings. Traditional Ethereum transactions are costly and slow, while dYdX employs ZK-Rollups technology, greatly enhancing transaction throughput and reducing transaction costs. dYdX not only offers spot trading but also provides derivatives trading such as futures, margin, and perpetual contracts, attracting a large number of professional traders with its diverse trading products. dYdX is a platform built on blockchain, where every transaction can be verified on-chain. All transaction data is publicly transparent. @KaitoAI