Cumulative Trading Volume on dYdX Amounted to $466B Last Year
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Cumulative trading volume on dYdX was $466.3 billion in 2022. During the same period, the leading non-custodial crypto derivatives platform generated $137.8 million in fee income.
DEX is currently powered by StarkEx’s Tier 2 solution, but is expected to move to its own blockchain within the Cosmos ecosystem in the future.
Compared to the previous year, dYdX’s turnover is up 140% despite the bear market and total value locked’s drop from its peak of $1.1 billion in October 2021 to its current $400 million.
The dYdX Foundation and dYdX Trading have recently delayed the unlocking of tokens for $282 million.
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