dYdX 2025 Report Card: Derivatives trading surpasses 1.55 trillion, token holders exceed 100,000

HashBandit · 2026-01-18T01:12:10+00:00

dYdX Foundation announces its 2025 ecosystem development achievements, with a total trading volume exceeding $1.55 trillion, demonstrating the continued rise in on-chain derivatives acceptance. The second quarter trading volume was approximately $16 billion, doubling to $34.3 billion in the fourth quarter, indicating strong market demand for derivatives. Additionally, DYDX has launched a token buyback program, increasing the buyback scale to 75% of protocol net revenue, with approximately 98,000 token holders, reflecting increased participation.

HashBandit

2026-01-18 01:12:10

Abstract generation in progress

【Blockchain Rhythm】The dYdX Foundation recently announced its ecological development achievements for 2025, and the numbers are quite impressive.

In terms of trading volume, the total trading volume has exceeded $1.55 trillion, which fully demonstrates that the acceptance of on-chain derivatives infrastructure is continuously increasing. It’s worth noting that there are many players in this sector, but few can sustain such growth.

The most remarkable aspect is the rebound in quarterly performance. The trading volume in Q2 was around $16 billion, and by Q4, it doubled to $34.3 billion, making it the strongest quarter last year. This recovery indicates that market demand for derivatives still exists, especially during active market conditions.

There have also been moves on the governance front. DYDX launched a token buyback program, and importantly, governance voting approved expanding the buyback scale to 75% of the protocol’s net revenue, showing the project team’s confidence in the current situation.

Another detail is the number of token holders. By the end of 2025, the number of DYDX holders reached approximately 98,000, with continued growth in participation, which is quite good for a DeFi protocol.

DYDX-2,42%

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NftMetaversePainter

· 6h ago

actually, the algorithmic architecture underlying dydx's derivative infrastructure is where the real aesthetic computation happens... that q4 volume spike isn't just a number, it's a topological manifestation of market demand crystallizing through blockchain primitives. the 75% buyback mechanism? chef's kiss—pure generative tokenomics at work

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0xInsomnia

· 6h ago

Wow, Q4 doubling directly? dYdX definitely has some potential this time, but on the other hand, are derivatives really that lacking liquidity? 1.55 trillion sounds impressive, but on average... forget it, with over 100,000 token holders, we still need to see if there's any hype behind it.

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NFTDreamer

· 6h ago

1.55 trillion? Wake up, brother, this number is a bit exaggerated. You need to look carefully at how it's actually calculated. --- Q4 doubled to 34.3 billion. Now that's a real rebound, unlike some projects that keep shouting slogans every day. --- Buyback reaching 75% of net income? That's pretty aggressive. Let's see if it can hold up in the future. --- It's quite surprising that holders exceed 100,000. The competition in this track is so fierce that it can still attract so many people. --- There are indeed stories to tell in the derivatives track, but I'm just worried it might be another fleeting carnival. --- Hey, is the quarter-on-quarter growth so strong because of that Bitcoin rally? Does the market just revert to normal once the trend stabilizes? --- What does token buyback indicate... Is the project team really optimistic or just trying to rescue the market?

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FortuneTeller42

· 6h ago

1.55 trillion? Cut it out, dYdX is really taking off. --- Q4 doubles to 34.3 billion, this rebound momentum can't be contained. --- Token holders surpass 100,000, this is true recognition. --- Buying back 75% of net income, the project team is going all in. --- Honestly, with such fierce competition in the derivatives sector and still such growth, dYdX really has some skills. --- But the question is, how long can this bull market last? What can Q4 data tell us? --- Governance votes to approve buybacks, retail investors are probably going to be diluted again. --- Hmm... surpassing 100,000 holders sounds impressive, but what does the specific holdings distribution look like?

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