Does dYdX use Ethereum?

In the realm of decentralized finance and cryptocurrency, there is a continuous search for robust platforms that enable seamless trading experiences. This begs the question: Does dYdX, a renowned decentralized exchange, leverage the power of Ethereum? Ethereum, as a blockchain platform, has established itself as a cornerstone for numerous decentralized applications, including exchanges. Its smart contract functionality and robust network security have made it a prime choice for such endeavors. Given dYdX's reputation and its positioning in the market, it's worth exploring whether this platform indeed utilizes Ethereum's technology to deliver its services.