Charles d’Haussy, CEO of the DYdX Foundation, outlines eight major trends he believes will shape digital assets, DeFi, and AI in 2026. The Rise of Onshore Digital Asset Treasuries Charles d’Haussy, CEO of the DYdX Foundation, has released a series of predictions outlining how digital assets,

The dYdX community vote has overwhelmingly approved a landmark governance proposal, redirecting 75% of protocol revenue toward buying back and staking DYDX tokens.

The broader cryptocurrency market continues to remain under heavy selling pressure as Bitcoin (BTC) and Ethereum (ETH) recorded sharp declines of over 6% and 9% respectively in the past 24 hours. Despite the turbulence, dYdX (DYDX) is displaying notable strength after its latest announcement

The market has experienced significant fluctuations, with ARDR and POLYX falling by 10.61% and 18.78% respectively, while LSK and ZEC rose by 18.1% and 9.56% respectively. Other tokens such as DYDX and ETHFI also showed gains, indicating a certain bottoming and recovery state.

dYdX (DYDX), one of the leading decentralized cryptocurrency trading platforms in the industry, is reportedly preparing to enter the US market by the end of the year, following the recent shift in crypto policies by the Trump administration dYdX Expands Amid Supportive Legislation In an

KRWQ, Korea's first won-pegged stablecoin, launches on Base while Hong Kong's SFC scrutinizes digital assets. JPMorgan enhances fund settlement via blockchain, as Bitcoin hits $109K amid market fluctuations and dYdX eyes U.S. expansion by 2025.

Reminder: Revolut has launched 1:1 USD-pegged stablecoin swap services on 6 blockchains, supporting USDC and USDT. Standard Chartered: It is expected that by the 2028 era, the tokenized RWA scale will reach $2 trillion, with "the vast majority" based on Ether. After replacing AI16Z with ELIZAOS, the total token supply will be increased by 40% to 11 billion tokens. dYdX plans to enter the US marketplace before the end of the year and will significantly reduce trading fees. Ether.Fi community has initiated a proposal to allocate $50 million to ETHFI buyback plan. Bitcoin Spot ETF experienced a total net outflow of $488 million yesterday, with none of the twelve ETFs showing net inflow. Listed company SEGG Media plans to launch a $300 million digital asset program, initially focusing on Bitcoin. Macro Revolut has launched on 6 blockchains.

Reuters exclusive reveals that the decentralized derivatives trading exchange dYdX plans to enter the U.S. market by the end of the year. dYdX President Eddie Zhang stated that having a platform in the U.S. is crucial, as this move aligns with the company's broader future development roadmap. According to reports, the platform plans to offer Spot Crypto Assets trading in the U.S., but due to regulatory restrictions, dYdX is unable to provide its flagship product, perpetual futures trading.

According to a report by Reuters, the president of the decentralized cryptocurrency trading platform dYdX revealed in an interview that the platform is preparing to enter the U.S. market by the end of this year, marking a significant shift for a derivatives trading platform that was previously not open to U.S. users. dYdX plans to expand its U.S. business by offering spot trading services for Solana and other related crypto assets, and after entering the U.S. market, it will significantly reduce trading fees by half, to between 50 and 65 basis points. Although perpetual futures are currently unavailable in the U.S., this move is still seen as a key step for DeFi giants to seize the U.S. market under improving regulatory conditions.

dYdX is set to launch its trading platform in the U.S. by year-end, introducing spot trading and cutting fees by up to half. This expansion aligns with evolving crypto regulations and aims to offer users more control compared to centralized exchanges.

dYdX is going all out! The community proposes that starting from November for a duration of three months, 100% of the transaction fees will be used to buy back DYDX Tokens, with the community treasury investing millions of dollars to back it up. Voting officially kicks off on November 3rd. (Background: Helium announced daily "Token Buybacks" to replace burning, aiming to restore HNT value) (Additional background: ApeX Protocol launches "Token Buyback Program": initially investing $12 million plus 50% of protocol revenue, $APEX surged 32%) The decentralized futures trading exchange dYdX recently proposed a significant plan in the official community forum, suggesting that starting from November 1, 2025, 100% of the net transaction fees of the protocol will be fully used for DYDX Token buybacks, lasting for three months. The proposal emphasizes that this is an experiment, and this experimental plan is expected to kick off on November 3.

Key Notes dYdX community has proposed a 3-month buyback plan to improve DYDX price performance. Validator and staker rewards to be funded by the community treasury during the trial. Initiative aims to test improved price-to-earnings ratios and market efficiency. The dYdX community has

The decentralized exchange dYdX experienced an outage for about 8 hours on October 10, due to "incorrect processing order in the code, and the latency from validators restarting the Oracle Machine Sidecar service exacerbated the duration of the interruption." The dYdX governance community will vote to decide on compensation of up to $462,000 from the protocol insurance fund to the affected traders, which has sparked intense discussion in the community about the amount being too low.

According to Mars Finance news on October 28, Cointelegraph reported that the dYdX community will vote on a compensation proposal of $462,000, which aims to compensate traders affected by an 8-hour service interruption during last month's historic liquidation event.

The recent turbulence in the cryptocurrency markets has exposed vulnerabilities both in blockchain infrastructure and trading platforms. Notably, dYdX, a prominent decentralized exchange (DEX), is addressing the aftermath of an unexpected chain halt that impacted traders, while Binance’s response to

Decentralized derivatives exchange dYdX has taken another major step toward mainstream adoption. By enabling fiat payments in its mobile app. The new feature allows users to deposit funds using bank cards, Apple Pay or Google Pay through MoonPay. It simplifies the process of funding accounts and ent

dYdX has just launched a new market called "2025 World Series Perpetual", allowing users to predict whether the Los Angeles Dodgers, the team of Shohei Ohtani, will win the Major League Baseball (MLB) 2025 championship or not. This contract works similarly to perpetual contract trades in the cryptocurrency field.

edgeX - Perp DEX incubated by well-known crypto market maker Amber Group This generation of Perp DEX is fundamentally different from the previous generation of Perp DEXs like GMX and DYDX. Since it remains a Perp DEX at its core, we will continue to refer to it as a Perp DEX in this discussion. This article is the concluding piece of a one-month series on Perp DEXs, focusing on the last member of the top four Perp DEXs according to DefiLlama data — edgeX — and extending the discussion to the current state and trends of the entire Perp DEX sector. As the landscape of mainstream players has largely taken shape, Perp DEX

Abstract Traditional platforms, while mature in "compliance + experience + coverage", are constrained by centralized custody, insufficient transparency, settlement delays, and regional barriers. Web3 approaches this with self-custody, on-chain verifiability, and global accessibility, enhancing capital efficiency through oracle services, partial settlement, unified collateral, and fund reuse. The landscape is becoming multi-polar: dYdX (order book), GMX (GLP pool), Hyperliquid (high-performance matching), Avantis (multi-asset synthesis/RWA). The characteristics of Web3 leverage trading lie in the CEX-level low latency experience + institutional-level risk control compliance + multi-asset integration. By 2030, it is expected to grow into a hundred billion dollar level infrastructure. 1. Industry Status and Overview In the development process of global capital markets, leveraged trading has always been an important tool for promoting liquidity and risk pricing efficiency. Since the 1970s IG

Lighter - Don’t trust—verify This generation of Perp DEX has fundamentally differed from the previous generation represented by "GMX, DYDX". Since it is still a Perp DEX, the title will continue to discuss it as a Perp DEX. Lighter is a Perp DEX invested by the well-known American venture capital firm a16z, based on Ethereum's ZK Rollup, and it also follows the order book (CLOB) model. During the AMA at the end of August this year, the team mentioned some future plans for Lighter. For example, the launch of RWA derivatives and Pre-launch.

dYdX has launched its first Telegram trading bot in partnership with Pocket Pro Bot, integrating social trading features and offering a $100,000 competition to engage crypto communities. This initiative aims to enhance trading interactions within Telegram groups.

Trading crypto perpetual futures – yep, perps – has just gotten a little easier thanks to a neat collab between dYdX and Pocket Pro Bot. The former is of course the leading onchain perps protocol, while Pocket Pro Bot specializes in creating crypto-based trading infra for Telegram users. No

Original author: Biteye Reprint: Luke, Mars Finance Global Overview of the Sustainable DEX Market and Industry Transformation The decentralized perpetual trading market is experiencing an unprecedented wave of growth and a reshaping of the competitive landscape. As of September 2025, the global daily trading volume of perp DEX has surpassed $52 billion, a 530% increase compared to the beginning of the year, with a cumulative monthly trading volume reaching $13 trillion. This growth is driven by breakthroughs in technological innovation, an increase in user demand for decentralized financial products, and regulatory pressure on centralized trading platforms. The entire sector now accounts for approximately 26% of the crypto derivatives market, achieving a qualitative leap compared to the single-digit share in 2024. Perp DEX Total Trading Volume Change The rapid differentiation of the market is reshaping the competitive landscape. Traditional order book models (such as dYdX, H

Perpetual futures have become crypto’s main event, and the perp DEX wars—led by Hyperliquid, Aster, GMX, DYdX, ApeX, Drift, Jupiter, EdgeX, and Sunperp—are where the action won’t quit. From Order Books to Onchain: Inside 2025’s Perp DEX Dogfight Perpetuals are derivatives without an expiry;

I want to ask, what does everyone think @HyperliquidX is? If it’s just a pure Perp Dex application, then a 45B FDV is already too high. If it’s a new innovative species L1, then a circulating market capitalization of 15B might still be undervalued? What’s even more confusing is how should Hyperliquid's followers benchmark their expectations? 1) If we consider HL as a Perp Dex, its valuation is already quite high compared to its predecessors like dYdX and GMX, but if we view it as an on-chain Binance and compare it to the valuations of other L1s like Solana and BNBChain, HL still has substantial growth potential. Objectively speaking, although HL currently has a leading effect in the market share of Perp Dex that is bound to create a premium valuation, the overall on-chain

Original Author: JV Reprint: White55, Mars Finance Hyperliquid This generation of Perp DEX has fundamentally differentiated itself from the previous generation of Perp DEXs like "GMX, DYDX". Since its main focus is still on Perp DEX, the title will continue to discuss it as Perp DEX. with 'Perp

Hyperliquid This generation of Perp DEX has fundamentally changed compared to the previous generation of Perp DEX represented by "GMX, DYDX". Because it is still fundamentally a Perp DEX, we will continue to discuss it under the title of Perp DEX. Starting with "Perp DEX", it quickly rose to prominence and became known to many. Hyperliquid is an L1 public chain, similar to Ethereum and Solana. Hyperliquid has a grand vision to serve as a blockchain for all finance and to provide a high-performance on-chain financial trading infrastructure. Hyperliquid offers both perpetual contract trading and spot trading, and is currently promoting the stablecoin USDH. Its development path can be glimpsed from the HIP, from HIP-1, HIP-2 to HIP-3, and recently the community has proposed HIP-4. HIP-4 aims to do

21Shares, a Switzerland-based company and one of the largest cryptocurrency exchange product issuers in Europe, has officially launched its first fund linked to dYdX — the decentralized exchange (DEX) specializing in perpetual derivative contracts. dYdX has processed a total trading volume

21Shares, one of the leading European issuers of cryptocurrency-related financial products, has announced the launch of the 21Shares DYDX Exchange-Traded Product (ETP). This new regulated and physically-backed instrument offers institutional investors secure and compliant access to DYDX (ticker: DY

Author: Leo If you observe the DEX track closely, you will find a strange calmness, a "calm before the storm." dYdX traded sovereignty and performance for application chains, but paid the price of ecological fragmentation. Hyperliquid achieved extreme speed with its self-built L1, yet raised new concerns in the community regarding its level of decentralization and security. Even AMM giants like Uniswap are constantly seeking a balance in the quagmire of capital efficiency and trader experience. Every project deserves respect; they have all excelled on their own paths. But they have also tacitly made a "compromise" in the face of a most fundamental and core issue. The question is: Can we achieve results that are completely consistent with or even surpass those of Web2 (centralized exchanges) without sacrificing the soul of Web3 (decentralization and asset security)?

Author: Sicily As we examine the current Perp DEX space, a suffocating sense of "involution" seems to be approaching. The narrative of GMX's "real yield" has set a precedent, while the application chain paradigm of dYdX has become a dominant force. Hyperliquid has further escalated the "arms race" of performance to a fever pitch. The names on the leaderboard chase each other, and every new project seems to be struggling to find its foothold in this crowded and blood-soaked battlefield. As a result, a pessimistic tone began to spread: Has the war of Perp DEX entered the "garbage time"? The pattern is set, opportunities have passed, and what remains is just the brutal melee of the existing market? If you think so too, then you might be making a serious temporal mistake similar to believing that the end of the internet is portals. Because the DEX we see today

dYdX inaugurates a new phase: the rebranding into dYdX Labs marks a change in strategy, accompanied by free instant deposits for amounts over $100 on Ethereum, Arbitrum, Optimism, Base, Polygon, and Avalanche, and by the introduction of trading via Telegram – a feature based on Pocket Protector

Sàn giao dịch phi tập trung dYdX đã công bố tầm nhìn của mình cho năm 2025, giới thiệu các nâng cấp nhằm cải thiện khả năng tiếp cận và tiện ích. Các tính năng chính bao gồm giao dịch qua Telegram, đăng nhập xã hội, đơn đặt hàng theo lô và các ưu đãi staking, nhằm kết nối giao dịch truyền thống với Web3.

dYdX has rebounded 9.5% to $0.6948, maintaining support at $0.6127, but faces resistance at $0.7215, limiting further gains. The token shows strength, gaining 7.1% against Bitcoin, but remains range-bound until resistance levels are overcome.

DYDX has formed a bearish ABCD pattern, with key support at $0.55–$0.57. The market cap dropped significantly, and bulls need to reclaim $0.70 for a bullish reversal while bears target $0.50 amidst mixed technical signals.

The golden age of the wool-pulling party is over. In two years, Hyperliquid surged from a 0.3% market share to 66%, defeating dYdX with a simple and straightforward promise: 97% of trading fees are used to buy back tokens. It's no longer about completing tasks on Galaxy for airdrops, but rather holders directly share in the real profits. When Uniswap started profit sharing and Aave launched its buyback plan, the entire DeFi ecosystem is undergoing a historic transition from "spending money to gain volume" to "value accumulation." The era of token economics 2.0 has arrived, and the rules of the game have been completely rewritten. While we are still marveling at the former glory of dYdX, Hyperliquid has quietly completed a perfect "coup." In just two years, Hyperliquid's market share skyrocketed from 0.3% to a peak of 66%, currently stabilizing at a market dominance of 64.8%. However,

Author | Jiawei @IOSG Three years ago, we wrote an article about Appchain, triggered by dYdX's announcement to migrate its decentralized derivatives protocol from StarkEx L2 to the Cosmos chain, launching its v4 version as an independent blockchain based on the Cosmos SDK and Tendermint consensus. In 2022, Appchain may have been a relatively marginal technological option. As we move into 2025, with the introduction of more Appchains, especially Unichain and HyperEVM, the competitive landscape of the market is quietly changing, forming a trend centered around Appchains. This article will start from this point to discuss our Appchain Thesis.

Author: Jiawei @IOSG Three years ago, we wrote an article about Appchain, triggered by dYdX's announcement to migrate its decentralized derivatives protocol from StarkEx L2 to the Cosmos chain, launching its v4 version as an independent blockchain based on the Cosmos SDK and Tendermint consensus. In 2022, Appchain was likely a relatively niche technology option. As we approach 2025, with the launch of more Appchains, particularly Unichain and HyperEVM, the competitive landscape of the market is quietly changing, and a trend around Appchain is forming. This article will start from this point to discuss our Appchain Thesis.

The dYdX Foundation has launched a new Grants Program with $8 million in funding to enhance ecosystem growth and efficiency. This program prioritizes infrastructure, growth initiatives, and research, transitioning to in-house management for better precision and accountability.

ATOM experienced a 4% rise to $4.55 driven by strong institutional buying, linked to Coinbase's dYdX support. However, selling pressure led to a reversal as trading volume dropped and resistance emerged at $4.55-$4.67.

In Brief dYdX has proposed allocating $8 million in DYDX tokens from its community treasury to fund a revised Grants Program, aiming to support ecosystem developers, researchers, and contributors over the next 12 to 18 months. Decentralized exchange dYdX introduced a new proposal seeking

Hyperliquid has rapidly emerged in the decentralized exchange (DEX) space, particularly in perpetual trading, surpassing established competitors like DYDX and Synthetix. Despite ranking 11th overall in DEX market share, its impressive growth indicates significant future potential.

James Ding Jul 22, 2025 04:27 DYDX trades at $0.67 after a 4.58% decline, but recent network upgrades and bullish technical indicators suggest potential recovery ahead for the decentralized exchange token. Quick Take • DYDX currently trading at $0.67 (-4.58% i

dYdX treasury burned 24.066 million DYDX tokens, valued at approximately $15.7 million, after nearly 4 months of inactivity. To date, a total of about 123 million DYDX tokens have been burned, totaling around $79.42 million in value.

dYdX has acquired Pocket Protector, enhancing its social trading capabilities and bringing key talent into leadership roles. The deal, funded through cash and dYdX tokens, follows a strategic restructuring aimed at future growth.

The dYdX Foundation has repurchased 2.86 million DYDX tokens worth $1.87 million as part of its buyback program. An additional 593,570 DYDX will be purchased for staking. The program allocates 25% of net transaction fees for buybacks, supporting network security.

Key Insights: dYdX Chain reaches 267 perpetual futures markets with instant listing capabilities. Bitcoin and Ethereum account for 80% of $200 million open interest total. Platform combines order book performance with on-chain transparency benefits. Cryptocurrency traders increasingly turn to