dYdX Chain becomes largest DEX in terms of volume

By dYdX
Jan 18, 2024, 6:04 PM
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Photo by dYdX

dYdX Chain has become the largest decentralized exchange (DEX) in the world by trading volume, reaching over $930 million in 24-hour trading volume.​ However, dYdX products are currently unavailable to US/restricted persons.​ Furthermore, it should be noted that dYdX doesn't operate or control dYdX Chain infrastructure, which is owned and operated by the @dydx_ops_subdao.​ The @dydx_ops_subdao is an independent third-party and is not affiliated with dYdX.​

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dYdX Chain launched by the @dydx_ops_subdao !! 🥳🎊🎉 Check out the details below:

dYdX Ops subDAO
dYdX Ops subDAO
@dydx_ops_subdao

The dYdX Chain has officially launched 🎉 At 17:00 UTC today, dYdX Chain Validators created the Genesis block of the dYdX Chain 📢The dYdX Operations subDAO public front-end for bridging is set to go live on October 30, 2023 (subject to confirmation) dydxopsdao.com/blog/dydx-chai…

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Now you can see analytics/data in real time from dYdX Chain 🧠 Shoutout to @chaoslabs for furthering accessibility and transparency for our open-source software. dydx.trade

Chaos Labs
Chaos Labs
@chaoslabs

1/ Chaos Labs is excited to introduce the dYdX Chain Analytics and Risk Monitoring Portal! This platform is a pivotal piece in our ongoing efforts to support the @dydx community in the launch of the dydx Chain and the Launch Incentives Program.

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The Alpha period for the @dydx_ops_subdao (DOS) dYdX Chain is now live 🍎 The Alpha period will consist of bridging & staking while the security and efficacy of the chain is confirmed by the DOS. See more details here:

dYdX Ops subDAO
dYdX Ops subDAO
@dydx_ops_subdao

After the successful launch of the dYdX Chain yesterday at 17:00 UTC, we are in the Post Genesis Phase & this involves two crucial stages; 🔒Alpha - Network Gains Security 🖥️ Beta - Limited Trading Enabled In this 🧵 we deep dive on the Alpha Stage dydxopsdao.com/blog/dydx-chai…

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The Beta period for the dYdX Chain run by the dydx_ops_subdao is here! 🔥🔥 Traders can now start trading on the dYdX Chain in a limited capacity. Try it out: dydx.trade

dYdX Ops subDAO
dYdX Ops subDAO
@dydx_ops_subdao

The Beta Stage is live on dydx.trade 🎉 After the dYdX community voted to transition to the Beta Stage, the dYdX Chain now offers 📊 Perpetual Trading in 33+ Markets 🤝 Trading Fees accrue to Validators and Stakers Read the blog 👇 dydxopsdao.com/blog/dydx-chai…

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See here for updates on dYdX Chain Launch Incentives program from @chaoslabs 👇👇👇

Chaos Labs
Chaos Labs
@chaoslabs

1/ dYdx Launch Incentives Program Mid-Season Update 🥇 🥈 🥉 On November 28th, 2023, the @dYdX community voted to transition the dYdX Chain to full trading. This enabled the transition to staking rewards, trading rewards, and the launch of the 6-month launch incentive program.

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Read more about dYdX

dYdX Launches Arcus DEX in Partnership with Robinhood

dYdX founder Antonio Juliano announced **Arcus**, a new decentralized exchange built by dYdX Labs in partnership with Robinhood Crypto. **Key Points:** - Arcus will offer spot and perpetuals trading, combining dYdX's DeFi expertise with Robinhood's user experience capabilities - The move addresses performance and UX challenges faced by dYdX Chain v4, which prioritized decentralization but struggled with speed and liquidity - **dYdX community benefits:** Token holders will receive an allocation of any future Arcus token, with priority for active participants (traders, stakers, validators) - Existing dYdX traders get priority access to the new platform Juliano describes Arcus as "the biggest bet this community has ever made," representing a strategic pivot to balance decentralization with practical performance needs. [Read the full announcement](http://www.dydx.xyz/blog/a-new-arc)

Global Markets Go Permissionless: Countdown Begins Tomorrow

A major shift in market access is approaching. Starting tomorrow, a countdown begins for **permissionless access to global markets**. This follows an earlier announcement from August 2025 that US markets would become "truly global" within 7 days. **Key Points:** - Permissionless access removes traditional barriers to entry - The world's most powerful markets will become accessible to anyone - This represents a significant democratization of financial infrastructure - The countdown mechanism suggests a phased or scheduled rollout The move signals a fundamental change in how global markets operate, potentially opening trading and participation to users worldwide without traditional gatekeeping requirements.

dYdX Teases Major Strategic Pivot After Years of Platform Evolution

dYdX Teases Major Strategic Pivot After Years of Platform Evolution

dYdX is preparing to announce what they describe as a fundamental shift in direction, rather than an incremental product update. The decentralized exchange has been working on a new vision following market feedback and user demand for fresh iterations. The team indicates this upcoming change will connect and contextualize all previous versions of the platform. **Key Points:** - Not a feature update or new market launch - Described as an entirely new strategic direction - Aims to unify all previous dYdX iterations - Follows months of vision mapping and planning The announcement suggests a significant evolution for the derivatives trading platform, though specific details remain undisclosed.

dYdX Adds PHA Trading Market for Phala Network

dYdX has launched a new trading market for **$PHA** (Phala Network) on its platform. **Key Details:** - Users can now trade PHA-USD pairs through the [dYdX markets page](https://dydx.trade/trade/PHA-USD?utm_source=dYdXTwitter&utm_medium=GlobalSocial&utm_campaign=GlobalSocial) - This follows recent additions of XDC Network and SAPIEN markets in May - The launch expands dYdX's available trading pairs for decentralized exchange users Phala Network joins the growing list of tokens available for trading on the dYdX decentralized exchange platform.

dYdX Opens Builder Codes Program to All Developers

dYdX Opens Builder Codes Program to All Developers

dYdX has launched **Builder Codes**, a transparent program that allows developers to earn revenue on every trade fill without whitelists or gatekeeping. **Key features:** - Integrate dYdX perpetual contracts into applications - Route orders onchain and earn fees on each fill - Fully transparent with no approval process required - Projects that ship notable integrations may receive official spotlights from dYdX The program aims to expand dYdX's ecosystem by incentivizing developers to build trading interfaces, bots, and tools on top of the protocol. Learn more: [dYdX Builder Codes](https://www.dydx.xyz/blog/builder-codes?utm_source=dYdXTwitter&utm_medium=GlobalSocial&utm_campaign=GlobalSocial)

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