The Race to Layer 2s Is Underway

Yesterday, an interesting announcement got drowned out by the launch of further meme farming initiatives (see $PASTA and $HAM). dYdX, the decentralized margin trading platform based on Ethereum, announced they will be partnering with StarkWare on a Layer 2 scaling solution for their perpetual contracts.

What really caught my eye was that the team stated this would be live by the end of the year. After years of discussion, it seems like Layer 2s are finally here.

This move will benefit dYdX’s UX in a couple of different ways. For o