According to dYdX Foundation, the dYdX ecosystem has significantly expanded, as highlighted in its H1 2025 Semi-Annual Report. The report showcases growth across its global network, which now includes a broader range of exchanges, validators, grantees, researchers, market makers, and custody providers. For traders, this ecosystem development is a key indicator of the protocol's health and increasing utility, potentially impacting the demand and liquidity for the native DYDX token by strengthening its foundational infrastructure.