According to a release, the Decentralized Exchange (DEX), DYdX has launched a public test network for Cosmos. This is bringing it closer to its departure from its current version built on Ethereum.

Users can now place market orders, generate private keys, and place limit order with advanced options on the dYdX Testnet. The public testnet launched with markets for bitcoin and ethereum, but the company anticipates that it will eventually have around 30 markets.

According to the website, the trading volume of Ethereum’s existing platform, known for its perpetual contract, reached $728 million over the last 24 hours. DYDX has also seen a steady increase over the last two weeks.

DYdX revealed last year, that the project’s “v4” or version 4, would be developed using the Cosmos SDK and Tendermint Proof-of-Stake consensus protocol. The DEX originally was built on Ethereum.

The company has not set a date for the launch of Cosmos’ main network, which is the last step in the transition.

Bradley Keoun is the editor.