According to ChainCatcher and PRNewswire, the dYdX Foundation has released its 2025 dYdX Ecosystem Annual Report, outlining the ecosystem's protocol activity, development, governance execution, and ecosystem growth. The report shows that the cumulative trading volume in the ecosystem has exceeded $1.55 trillion, with a trading volume of $34.3 billion in the fourth quarter of 2025, marking the highest quarterly volume of the year. The second quarter saw a trading volume of approximately $16 billion. In terms of product expansion, dYdX has launched native spot trading on Solana and, through governance approval, increased its buyback allocation to 75% of the protocol's net revenue. In terms of execution, distribution, and governance, dYdX remains focused on building a sustainable foundation to support continued engagement and long-term growth as on-chain derivatives continue to mature and expand.
dYdX 2025 Annual Report: Total Trading Volume Surpasses $1.55 Trillion, Buyback Expands to 75% of Net Revenue
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Summary
The dYdX ecosystem achieved a significant milestone in 2025, with total trading volume exceeding $1.55 trillion. Q4 saw $34.3 billion in trading volume, the highest of the year, while Q2 recorded approximately $16 billion. The platform launched Solana-native spot trading and increased its buyback rate to 75% of net revenue through governance. News from the Ethereum ecosystem highlights dYdX's continued expansion and commitment to token value.
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