dYdX Chain becomes largest DEX in terms of volume

By dYdX
Jan 18, 2024, 6:04 PM
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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 @chaos_labs for furthering accessibility and transparency for our open-source software. dydx.trade

Chaos Labs
Chaos Labs
@chaos_labs

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 @chaos_labs 👇👇👇

Chaos Labs
Chaos Labs
@chaos_labs

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 $20M Surge Trading Program

dYdX Launches $20M Surge Trading Program

dYdX has launched Surge, a 9-month trading program offering up to $20M in total rewards, with $2M distributed monthly through December 2025. Key features: - Rewards based on overall platform engagement, not just P&L - Multiple earning opportunities for all participant levels - Monthly competitions with consistent reward distribution - Focus on ecosystem value creation and community participation The program aims to incentivize sustained platform activity rather than short-term trading gains. Participants can earn points through various platform interactions, with rewards distributed based on leaderboard rankings. Learn more: [dYdX Surge Program](https://www.dydx.xyz/blog/dydx-surge)

dYdX Expands Market Offerings with New Listings

dYdX Expands Market Offerings with New Listings

dYdX continues to expand its trading options through Instant Market Listings. Recent additions include $IQ (IQAICOM), $AERGO, $WCT (WalletConnect), and several other tokens. The platform now features over 180 tradable markets, with new listings being added regularly through their permissionless listing system. MegaVault provides liquidity across all markets while offering yield opportunities to depositors. The platform maintains steady growth in both market offerings and trading volume.

dYdX Launches Token Buyback Program and 2025 Roadmap

dYdX Launches Token Buyback Program and 2025 Roadmap

dYdX has implemented a significant tokenomics update through its first-ever buyback program. Key points: - 25% of net protocol fees now allocated to buying and staking $DYDX tokens - New fee distribution: 40% staking rewards, 25% buybacks, 25% MegaVault, 10% treasury 2025 Development Roadmap: - Immediate focus on indexer reliability and faster deposits - New mobile interface and trading features coming - Integration with IBC Eureka to enable Ethereum connectivity - Plans for spot trading and multi-asset margining [Learn more about the buyback program](https://www.dydx.xyz/blog/dydx-buyback-program)

Critical DYDX Bridge Migration Deadline Approaching

**Important Notice**: Over 110M ethDYDX tokens remain unmigrated to native $DYDX on the dYdX Chain. @NethermindEth has proposed to discontinue bridge support in approximately 45 days. After this deadline, **unbridged tokens may become non-convertible**. Key Information: - Proposal details: [View on Mintscan](https://www.mintscan.io/dydx/proposals/189) - Migration guide: [How to Bridge](https://www.dydx.foundation/how-to-bridge/overview) **Action Required**: Token holders should complete migration before the bridge closure to maintain token convertibility.

dYdX Foundation CEO Joins The Zeall Show for DeFi Discussion

Charles Haussy, CEO of dYdX Foundation, is featured on The Zeall Show hosted by @0xa8l for an in-depth discussion about decentralized finance (DeFi). This follows a series of high-profile DeFi conversations on the platform, including a recent interview about DeFi options with Stryke and Orange Finance. The live discussion explores: - Current state of DeFi - dYdX's role in the ecosystem - Future developments in decentralized exchanges Watch the conversation here: [The Zeall Show](https://www.youtube.com/watch?v=yfKBznNrZC8)

DeFi