dYdX Chain’s single-day trading volume has exceeded US$30 million
According to official X account news, the daily trading volume of dYdX Chain has exceeded 30 million US dollars.
The dYdX community opens a vote on the “Approval of MEV Reduction Strategy” proposal
On November 29th, the dYdX community initiated a proposal vote for the "Approval of MEV Social Mitigation Strategy". The voting will end on December 3rd, 2023 at 13:49 UTC.<br>The proposal aims to launch a social strategy to reduce MEV by appointing a committee funded by grant money, representing active validators. The MEV Reduction Committee will consist of 7 members with a term of 6 months and a budget of $84,000 ($2,000 per member per month).
dYdX Launches New Native Blockchain with $20 Million in Token Rewards
dYdX, a decentralized exchange, has launched its own native blockchain called dYdX Chain, which was built using the Tendermint consensus with the Cosmos SDK. The launch of the new chain includes a six-month incentive program, worth $20 million, for traders to receive rewards based on their activity. The rewards program is aimed at increasing trading volumes and liquidity, encouraging market makers to prioritize the dYdX Chain, and securing the chain through staking. The dYdX DEX currently offers markets for Bitcoin, Ethereum, Solana, and Chainlink, with plans to continuously add new markets in the future.
Chaos Labs launches $20 million dYdX Chain incentive program
Chaos Labs has launched a $20 million dYdX Chain incentive plan aimed at promoting early adoption and seamless transition to dYdX Chain. The plan will last for six months and aims to encourage various participants to migrate and participate in dYdX Chain. The incentive methods involve specific goals for different user groups, each of which aims to maximize the effectiveness of the plan.
dYdX: dYdX Chain on-chain trading and publishing rewards have been officially launched
dYdX has officially announced that dYdX Chain will enter the full trading and production phase from the Beta stage through community voting on November 28, 2023. Currently, trading and reward distribution on the dYdX Chain have been launched, and ETH, BTC, SOL, and LINK can all be traded on the dydx.trade market. The dYdX Launch incentive program operated by Chaos Labs will be implemented in the next six months along with trading rewards.
The dYdX community has voted to approve the proposal “Activation Trading Rewards and 6-Month Launch Incentive Program”
The dYdX community has voted in favor of the "Activate Trading Rewards and 6-Month Launch Incentive Plan" proposal with a support rate of 75.6% and an abstention rate of 24.4%.
dYdX Foundation: More than 16.45 million DYDX has been pledged since the launch of the mainnet
dYdX Foundation stated that since the launch of the dYdX mainnet, over 437 million ethDYDX have been bridged and over 16.45 million DYDX have been staked.
The top 20 DYDX holders account for 85.09% of the total supply
Lookonchain monitoring shows that the top 20 DYDX holders hold a total of 850,929,979 DYDX tokens (worth about $2,833,596,831), accounting for 85.09% of the total supply.
dYdX tops the list of Perp DEXs with $2.2 million in revenue over the past seven days
According to encryption researcher @wacy_time1, Perp DEX's recent income is considerable, with the top 7 DEXs ranked by income in the past 7 days as follows:
Over 433 million ethDYDX have been bridged to the dYdX Chain main network, and the amount of DYDX pledged exceeds 13.71 million.
On November 21st, the dYdX Foundation officially announced that since the launch of the dYdX Chain mainnet, over 433 million ethDYDX have been bridged and the DYDX staking amount has exceeded 13.71 million tokens.
