The dYdX Foundation's 2025 Ecosystem Annual Report reveals that the protocol's cumulative transaction volume has surpassed $1.55 trillion. In Q4 2025 alone, dYdX recorded $34.3 billion in transactions, marking the highest quarterly volume of the year. This is a significant increase from the $16 billion reported in Q2. The report also highlights dYdX's strategic expansion, including the launch of native spot trading on Solana. Additionally, the protocol has increased its buyback program to 75% of net revenue following governance approval. dYdX continues to focus on sustainable growth and governance to support the evolving on-chain derivatives market.