Trading volume on dYdX for the full year 2022 reached $466.3 billion. In the same period, the leading non‑custodial crypto‑derivatives platform earned $137.8 million in fees.
dYdX Foundation is excited to share the inaugural ecosystem annual report 🔥
Despite the challenging market conditions in 2022, stakeholders in the dYdX ecosystem persevered and continued to build toward the future of finance — one block at a time 💪🏾https://t.co/NPKPOdEpeG pic.twitter.com/hwz8mgOQOW
— dYdX Foundation 🦔 (@dydxfoundation) January 30, 2023
Compared with 2021, dYdX’s turnover rose by 140%, despite bear market conditions and the fall in TVL from a peak of $1.1 billion in October 2021 to current $400 million.
Currently the DEX runs on the second-layer StarkEx solution, but a transition to its own blockchain in the Cosmos ecosystem is expected soon.
Earlier, the dYdX Foundation and dYdX Trading delayed the unlocking of $282 million in tokens.