Summary dYdX is a decentralized derivatives exchange for perpetual swaps and margin trading....$300M in total trading volume already on its cross margined perpetuals running on Starkware’s Layer 2. dYdX...SPV Terms dYdX is raising $65 million at a $215M equity valuation and an implied $430 million fully diluted...

dYdX Flipped Total Coinbase Volume While dYdX continues to dominate the DeFi perps market, it also recently...A big contributor to this is the nature of dYdX’s trade mining rewards structure. dYdX token rewards...Perp DEX Tokens Shine In addition to breaking records for trading volume, the $DYDX token hit a new...

The Effect of Farming Incentives dYdX’s total volume increased from about $10 mn a day to over $250 mn...This growth can be attributed to the recent DYDX token launch and traders attempting to farm DYDX rewards...data tells us how many addresses interacted with the exchange, and to what degree they are active. dYdX...

DYDX: The DYDX token has been an outlier to this trend....Currently, with dYdX v3, all trading revenue flows to dYdX Trading, Inc....The 150M DYDX unlock was pushed back to December 2023, giving the dYdX token ample time following the...MEV on dYdX.

A lot of people were talking about the impending supply overhang from the DYDX token unlock, originally...The dYdX team recently announced this token unlock would be pushed back to Dec. 2023, and further clarified...DYDX price action responded accordingly, breaking above a pretty important threshold set on the monthly...

Open interest on GMX has grown over 100%  YTD,  overtaking dYdX whose open interest hasn’t increased...Despite this, dYdX still trades at fully diluted valuation over two times higher than the GMX. dYdX FDV...In terms of fees, GMX has also outpaced dYdX over the last year, as dYdX trading rebates dwindle.

dYdX’s public testnet is live and producing blocks (https://testnet.mintscan.io/dydx-testnet) and will...includes a larger number of validators (40+) and will be the first time for users to get a feel for dYdX...The public testnet is ahead of schedule, and if all goes well we could see the mainnet for dYdX v4 before...

Come December, DYDX is facing a significant unlock event that will boost its circulating supply by 75%...As mentioned in our recent report on dYdX, “Employees, investors, and consultants were allocated 50%...of the DYDX token supply altogether. 30% of these tokens were originally scheduled to be unlocked in...

We’ve identified four projects as favorites to lead the perpetuals space moving forward: dYdX, Synthetix...

I’m the Growth Lead at dYdX....Say like dYdX has a funding rates that’s something ridiculous, like 200% APR....And how did dYdX do during that time period?...But effectively what this has allowed us to do is just create one dYdX account....It was a great first episode into dYdX.

Active Votes The Bancor community is deciding on whether to whitelist a DYDX pool on the DEX....Active Votes The Bancor community is deciding on whether to whitelist a DYDX pool on the DEX.

In this piece, we’ll compare dYdX and Perpetual Protocol’s recent activity in greater detail, since they...A Quick Refresher Although it lived on Ethereum’s base layer for much of its life, dYdX was migrated...So while Perpetual Protocol facilitates more volume per day, dYdX has a larger user base.

...announcement got drowned out by the launch of further meme farming initiatives (see $PASTA and $HAM). dYdX...This move will benefit dYdX’s UX in a couple of different ways....That being said, this is only touching the surface of what this partnership unlocks for dYdX....Take a look at dYdX ‘s announcement.

DYDX The Weekly View dYdX had been stuck in a range since May of last year. 2023 has been a bit of...However, if dYdX is able to conquer the current resistance zone, the bulls will be targeting $6.91-$7.83...Unless dYdX manages to break out (resistance being 2.93 and the 6.30-6.90 area), the next target would...

Uniswap is the most liquid on-chain spot market; dYdX is the most liquid on-chain perpetual futures market...at decentralized asset exchanges have been rather focused on either spot or one type of derivative. dYdX...A Short Case Study: dYdX vs Vega For the sake of comparison, let’s put this model up against dYdX’s perpetuals...

While we can point to the success of dYdX as a blueprint for perpetuals, or GMX for synthetic margin...It offers a hybrid off-chain order book and on-chain settlement DEX, similar to dYdX v3....If you’re familiar with dYdX’s current infra setup, this is nothing new.

...liquidations Select DeFi blue chips lead market rebound 0x sees highest ever volume on native orderbooks dYdX...Key Takeaways dYdX rolled out its ZK Rollup DEX to the public on Apr. 6, 2021....Yesterday was the single largest day of trading for dYdX since it launched it’s layer two solution.

For this reason, dYdX’s model doesn’t need much elaboration....Most of the time, dYdX funding and pricing is comparable with CEXs....So it seemed natural to be skeptical of dYdX’s ability to scale. dYdX is built on a zk-rollup powered...20 bps for taker fees, with added discounts for DYDX token holders.

...up the Competition In our initial post, we discussed the architectural differences between Vega and dYdX...But we also higlighted that Vega’s scope as a full-stack exchange is much larger than dYdX (a perpetuals...No other on-chain exchange comes close to dYdX in terms of notional volume....Currently, any revenue is earned by dYdX Trading, an incorporated entity.

Slowdown on Shaky Markets Volume on derivative DEXes has cooled off as market conditions remain shaky. dYdX...Being built on StarkEx also gave dYdX an edge over its competitors with cheap gas and trading fees, more...However, as dYdX rewards reduce, it will be worth watching how volume holds up.