Coinbase Lists COSMOSDYDX as Layer-1 Chain Boosting Cosmos Ecosystem Growth

Coinbase has listed the native token of the dYdX protocol, COSMOSDYDX, as a Layer-1 chain on the Cosmos SDK, marking a significant milestone in its partnership with the Cosmos ecosystem. The token began trading on August 7, 2025, under the COSMOSDYDX-USD pair, following the protocol’s migration from Ethereum to Cosmos infrastructure. This transition enables dYdX to operate as a sovereign blockchain, granting full control over its infrastructure and technical execution [1]. The listing is expected to boost liquidity and accessibility for dYdX users and reinforce the growing adoption of Cosmos-based projects [2].

The announcement triggered an immediate market response, with the price of COSMOSDYDX rising by 3.7% to $0.63. At the same time, the price of ATOM, the native token of the Cosmos network, increased by 3.4%, indicating heightened investor interest in the broader ecosystem [1]. Analysts have noted that such price movements are not uncommon following major exchange listings, especially within the DeFi sector [3]. The surge in trading volume around key support levels further underscores the confidence market participants have in the Cosmos ecosystem [2].

Antonio Juliano, founder of the dYdX protocol, emphasized that the new blockchain “is a sovereign layer-1 chain built using the Cosmos SDK and secured via CometBFT,” which allows the project to maintain full control over its infrastructure [1]. This structural shift aligns with the increasing market demand for customizable, high-performance blockchain solutions and reflects a broader trend toward modular and interoperable blockchain frameworks [2].

The listing also signals a strategic expansion by Coinbase, which has positioned itself as a key player in supporting emerging DeFi protocols. By integrating COSMOSDYDX, Coinbase reinforces its commitment to expanding its product offerings and enhancing its role as an infrastructure provider in the evolving crypto landscape [2]. The move aligns with current trends favoring decentralized infrastructure, particularly as global uncertainties drive investors toward more resilient and decentralized financial systems [4].

Market participants are now closely watching whether the increased visibility and liquidity from the Coinbase listing will lead to broader adoption of Cosmos-based DeFi protocols. Historical trends suggest that such listings can catalyze innovation and user growth, and the current trajectory of COSMOSDYDX and ATOM supports a positive outlook [3]. With Cosmos-based tokens experiencing surges in trading volume and institutional activity, the ecosystem appears to be gaining significant momentum [6].

The integration of dYdX into Coinbase’s platform is a testament to the growing institutional confidence in the Cosmos model, which prioritizes modularity and cross-chain communication. As the ecosystem continues to evolve, the success of COSMOSDYDX on a major exchange like Coinbase could serve as a model for other Layer-1 and Layer-2 projects seeking to expand their reach and utility.