<ul><li>dYdX, a decentralized crypto exchange, has laid off 35% of its staff as CEO Antonio Juliano cites the need to restrategize.</li><li>Juliano explains that increased competition and lower revenue made it challenging to sustain the massive payroll.</li><li>dYdX offers futures trading with leverage of up to 25x, which sets it apart from competitors.</li><li>These layoffs at dYdX come a day after Consensys, an Ethereum software firm, announced layoffs of 20% of its employees due to insufficient revenue.</li></ul>

dYdX Announces Layoffs a Day After Consensys Sent Home 20% of Its Employees

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