dYdX (DYDX)

According to Wu, the dYdX Foundation released the "2025 Ecosystem Annual Report", disclosing that the protocol's cumulative historical trading volume has surpassed $1.55 trillion. Quarterly trading volume rebounded from about $16 billion in Q2 to $34.3 billion in Q4, reaching a new yearly high. On the ecosystem side, dYdX continues to advance institutional-level integration, having integrated execution and routing platforms such as CoinRoutes, CCXT, and Cryptocom, and expanded products to include native Solana spot trading, delivering a unified on‑chain trading experience for spot and derivatives. Regarding the token mechanism, the foundation launched a DYDX buyback program and, after governance approval, raised the buyback proportion to 75% of net protocol revenue. The number of DYDX token‑holding addresses was about 98 k at year‑end. https://t.co/r0qhbEzOjv

dYdX just published its annual report: They processed $1.55T in trading volume, generated $64.7M in protocol fees, and distributed $48M in staking rewards. That’s quite impressive for an OG Perp DEX without an active points-farming campaign. Even more notable is the product–token alignment, highlighted by the buyback of 8.46M DYDX tokens. this is clear and readable enough when you have a utility and a product that delievers, then dYdX growth is purely organic. thanks for this HB!

dYdX just published its annual report: They processed $1.55T in trading volume, generated $64.7M in protocol fees, and distributed $48M in staking rewards. That’s quite impressive for an OG Perp DEX without an active points-farming campaign. Even more notable is the product–token alignment, highlighted by the buyback of 8.46M DYDX tokens. this is clear and readable enough when you have a utility and a product that deleivers then dYdX growth is purely organic. thanks for this HB!

🌊 Weekly Stablecoin Flows within Cosmos 🌌 Where are stables issued on Noble flowing? 1️⃣ 42.3% went to dYdX. $dYdX 2️⃣ 40.8% flowed to Osmosis. $OSMO 3️⃣ 6.2% ended up on Neutron. $NTRN https://t.co/7VM1ZNIatF

Perps volumes on $dYdX are accelerating 📶 ▶️ Weekly Trading Volume: $2.05B 🔸 Up 23% WoW 🔸 Protocol Revenue: $75.4K 🔸 Most traded coin: $BTC ($1.29B) https://t.co/VsHTtCzGxr

16th in trading volume with only 2 pairs. The @StandX_Official effect. https://t.co/JPZx6njYmi

The site is live ✅ 🎯 Objective: Estimate the point value and exit FDV of tokenless perpetual contracts using the FDV/fees ratio of tokenized perpetual contracts 🧪 Hypothesis: The valuation of perpetual contracts depends on the fees they generate. –> I therefore took the fees and FDV of perpetual contracts that already have a token, and concluded that there is a 20–30 ratio on FDV/Fees that applies to most –> The chart applies the same ratio to tokenless perpetual contracts to find the estimated FDV based on the fees they generate at time T –> I then apply a -66% discount on the generated fees to simulate what happens post-launch (these are the launch metrics of Lighter) Site link: https://t.co/lXg9sa7tqS 🚨 This is my first little site of this kind, I welcome feedback! Known bugs / recent changes 👇 🥖 The baguette / burger button does not translate everything ❌ Variational has been disabled, the fee calculation method was unreliable ✅ Buttons have been renamed, notably “bearish” which has become “realistic”

Perp DEXs are inevitable > CEX speed > DEX trustlessness Still early /StandX https://t.co/8MMvXjaMsw