dYdX Foundation has announced significant updates from its November Analyst Call, highlighting a 75% increase in the protocol's buyback allocation from net trading fees, as approved by on-chain governance. The decentralized exchange reported a 30-day trading volume of $9.3 billion, with 246 million DYDX tokens staked, representing approximately 30% of the circulating supply.
Additionally, the Foundation noted $2 million in annualized savings from its Grants Program and a cumulative $10 billion trading volume through its Affiliate Program. The recent integration with CCXT has further expanded institutional access to dYdX markets, enhancing the platform's reach and functionality.
dYdX Achieves $9.3B Trading Volume, Boosts Buyback Allocation by 75%
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