I've been following @dydx from v4 to v5, it's like a player leveling up and fighting monsters, every update brings surprises.

The deposit delay has been directly reduced from 18 minutes to within 1 minute. With this speed, early users would probably be excited enough to post a moment if they knew.

Independent chain + IBC, completely transformed from an Ethereum "tenant" to Cosmos's own "landlord," with a significantly expanded activity range.

25% income repurchase staking $DYDX, a total of 2.8 million pieces, truly fed the holders.

35+ cryptocurrencies, 20x leverage, MegaVault, instant listing mechanism, a complete set of combinations executed decisively.

What impresses me even more is that it is not only about performance but also about risk control and governance:
Reduce-only orders, IBC withdrawal rate limits, and anti-liquidation withdrawal mechanisms make it difficult for even a black swan event to bring it down;
The governance module has added a penalty function for violating validators and an account authorization mechanism, ensuring both on-chain democracy and compliance experience.
The underlying upgrade to Cosmos SDK 0.50.3 also allows for quick governance, this wave is about efficiency and

Brothers @dYdX the future is promising (づ ●─● )づ!