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news-imageMarch 24, 2025

dYdX jumps 8% after introducing token buyback program to bolster network security

Decentralized trading exchange dYdX has introduced a token buyback program to strengthen network security and enhance the utility of its native token, DYDX. According to a March 24 announcement, the protocol stated that it would allocate 25% of its net monthly fees to buy DYDX tokens from the open market.
Publisher: CryptoSlate
Sentiment: Positive
DYDX

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Positive
cover-imageCryptonews
March 24, 2025

dYdX Community Launches DYDX Buyback Program

dYdX, the decentralized perpetual contracts trading platform community, has officially launched the first-ever $DYDX Buyback Program, a major move for the protocol. The post dYdX Community Launches DYDX Buyback Program appeared first on Cryptonews.

Positive
cover-imageCointelegraph
March 24, 2025

DYDX shoots up 10% as buybacks get a quarter of protocol revenue

Decentralized finance (DeFi) trading platform dYdX announced its first-ever token buyback program on March 24, aiming to reinvest in its ecosystem to enhance security and governance.According to the announcement, 25% of the protocol's net fees will be dedicated to monthly buybacks of its native dYdY (DYDX) token on the open market. Following the announcement, DYDX surged over 10% and was trading at approximately $0.731 at the time of writing, according to CoinGecko.

Neutral
cover-imageThe Currency Analytics
February 28, 2025

dYdX Price Prediction 2025-2031: Long-Term Outlook

dYdX, the decentralized exchange (DEX) token, has witnessed considerable volatility over the years. After reaching its all-time high (ATH) of $4.53, it has struggled to regain its previous momentum, leading many to question its future potential.

Positive
cover-imageCrypto Economy
December 6, 2024

DYDX Price Explodes 24% After Trump Appoints AI & Crypto Czar

TL;DR dYdX price rises 24% after David Sacks is appointed as AI and crypto “Czar” at the White House. Trading volume increases by 270%, reaching $453 million, and its market capitalization rises to $1.5 billion. Craft Ventures' investment in dYdX and Sacks' appointment as “Czar” generate strong bullish sentiment, with net investment flows surpassing $2.

Positive
cover-imageCoinPedia
December 6, 2024

dYdX Hits $2.5 Amid Rising Demand from Whales: Is $3.2 the Next Resistance?

Today, Bitcoin's price experienced a significant drop from its $100K level, while the altcoin market remained strong. Among the standout performers, the price of dYdX soared over 35%, reaching the $2.5 resistance mark. Triggered by increasing demand and positive news, analysts are bullish that the dYdX price may soon surpass the $3.2 resistance level.

Positive
cover-imageCrypto Economy
November 18, 2024

dYdX Announces Unlimited Trading and New Rewards Program

TL;DR dYdX launches Unlimited, an update that allows the instant creation of perpetual futures markets without the need for governance approvals. The new MegaVault feature provides immediate liquidity to new markets, allowing users to earn passive yields by depositing USDC.

Positive
cover-imageCoingape
November 14, 2024

Exploring dYdX Unlimited's Potential Impact on the Decentralized Trading Market

Popular decentralized exchange (DEX) dYdX — currently offering perpetual trading options for over 35 popular cryptocurrencies — is set to unveil its most ambitious upgrade yet. Labeled ‘dYdX Unlimited,' the update will feature a number of comprehensive enhancements that promise to offer traders increased flexibility while simultaneously providing them with new passive income streams.

Negative
cover-imageInvezz
October 30, 2024

After ConsenSys job cuts, dYdX reduces workforce by 35%

Decentralized exchange platform dYdX has announced a 35% reduction in its workforce as it embarks on a strategic overhaul led by returning CEO Antonio Juliano. Juliano, who resumed leadership on October 10 after a six-month hiatus, cited a need for a leaner, more focused team to steer the company through mounting industry challenges.

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