- Coinbase lists dYdX as a Layer-1 chain on Cosmos SDK.
- dYdX price surged 3.7% following the Coinbase announcement.
- Increased attention on Cosmos and its native asset, ATOM.
Coinbase officially supports dYdX (COSMOSDYDX), a DeFi altcoin built on the Cosmos SDK, with trading of the COSMOSDYDX-USD pair starting on August 7, 2025.
The integration signals increased institutional confidence in the Cosmos ecosystem and stimulates market interest with a 3.7% price surge for dYdX and a 3.4% rise in ATOM.
Coinbase has officially added dYdX (COSMOSDYDX), a decentralized finance altcoin, to its exchange. The altcoin operates as a sovereign Layer-1 chain using the Cosmos SDK, providing greater control over its infrastructure and technical execution.
Trading for the COSMOSDYDX-USD pair began on August 7, 2025, after meeting initial liquidity requirements. The protocol’s migration to Cosmos from Ethereum allows for greater customizability and efficient derivatives operations, reflecting dYdX’s strategic priorities.
The integration has resulted in a notable price increase for COSMOSDYDX, with a rise of 3.7% to $0.63. Furthermore, Cosmos’s native token, ATOM, saw a price increase, indicating heightened interest and activity within the Cosmos ecosystem.
“The dYdX Chain is a sovereign layer-1 blockchain… built using Cosmos SDK and secured via CometBFT, giving dYdX full control over its infrastructure…” said Antonio Juliano, Founder of dYdX Protocol.
The listing is perceived as a strong endorsement of Cosmos’s capabilities, potentially strengthening institutional confidence in both Cosmos and dYdX. It also aligns with current market trends favoring sovereign chains with enhanced protocol control.
Historical precedents suggest that new listings, particularly of DeFi protocols, often lead to short-term price increases and heightened market interest. This scenario is consistent with past responses to similar news within the cryptocurrency industry.
Analysts and market participants may anticipate that dYdX’s listing on Coinbase could lead to broader acceptance of Cosmos-based DeFi protocols. This listing might also trigger speculative flows towards other Layer-1 and Layer-2 tokens supported by Cosmos’s infrastructure, reflecting an upward trend in DeFi sector growth.
