dYdXの‌価格DYDX

DEXs hold 7% of the futures trading volume, expected to grow by 15% in 12 months. This presents a big opportunity for perp chains like @dYdX, especially with their upcoming token buybacks. My thoughts on the potential dYdX comeback arc 🧵

The whole crypto market is going through a downtrend right now, so we are seeing negative price action all around — and $DYDX is no exception. The price dropped by 16% in the past 30 days. Now, we need to look at what’s happening on the fundamental side while the price is in a

On the data side, there are 4 important metrics to look at for dYdX: > MegaVault TVL growth is negative right now — down about 60% in the past 3 months (it got some great reception at launch, but now it seems to be hit by the recent market downtrend, as the current APYs are no

The current traction of these projects will not decide the future winner — dYdX looked like the winner in the past, now it seems Hyperliquid will win and capture future volume too. Plus, there’s a new breed of perp DEXs with better designs and liquidity launching in the market every day.

dYdX understands that the major volume will come from institutions and trading firms. To cater to them, they are improving the API trading experience for independent traders using Hummingbot, CCXT, or their own systematic trading systems.