Traders could do nothing but wait on Dec. 7 when dYdX went down along with Binance.US and Coinbase due to an AWS problem.
An Amazon Web Service (AWS) outage on Dec. 7 forced the decentralized exchange dYdX to halt operations, raising questions over the reliance on centralized services by DeFi protocols.
The tweet;
We have now marked this outage as resolved. We are still closely monitoring the situation and will update the status page should a new incident surface.
We will share a longer postmortem when we've collected more information. https://t.co/sDlOWzGBeb
— dYdX (@dYdX) December 8, 2021
“Unfortunately, there are still some parts of the exchange that rely on centralized services (AWS in this case). We are deeply committed to fully decentralizing and this remains one of our top priorities as we continue to iterate on the protocol.”
“We are looking into whether we can just have all of those orders cancel, however the AWS outage is preventing us from currently being sure if that’s possible.”
According to Coinmarketcap, the current dYdX price is $8.80 USD with a 24-hour trading volume of $164,564,955 USD. We update our DYDX to USD price in real-time. dYdX is down 5.68% in the last 24 hours.
