dYdX currently offers perpetual trading, margin and spot trading, as well as lending and borrowing. dYdX sees significant usage across all three product groups. While lending has been the foundation for DeFi’s growth, we are seeing growing usage of perpetuals and margin trading. Perpetuals will be the focus for dYdX given the strong market interest from both retail and institutional users in DeFi. Perpetuals offer cost-efficient trading with leverage, and dYdX’s model allows it to offer a seamless trading experience across many perpetuals.
Currently only perpetuals are on Layer 2. We will continue to support spot and margin trading and will consider moving these to Layer 2 in the future.