Trading Volume Soars
In 2025, dYdX achieved a historic milestone with total trading volume surpassing $1.55 trillion. The fourth quarter alone accounted for $34.3 billion in volume, marking the highest of the year, while the second quarter reached around $16 billion.
Ecosystem Expansion and Product Development
dYdX made significant progress in product development, launching native spot trading on Solana. Through a community governance vote, the protocol also approved an expansion of its buyback program, increasing the allocation to 75% of net protocol revenue, reinforcing its sustainable tokenomics.
Building for the Long Term
On the operational and governance front, dYdX remains focused on developing robust infrastructure to support the ongoing growth of on-chain derivatives. The protocol is committed to fostering long-term engagement and delivering a more efficient, transparent, and decentralized trading experience for users worldwide.