According to @dydxfoundation on X on Oct 28, 2025, dYdX trading is dominated by majors BTC, ETH, and SOL, which account for the majority of protocol volume; source: @dydxfoundation on X, Oct 28, 2025. Cross-margin markets remain the backbone of activity, while isolated long-tail assets contribute a smaller but growing share as market depth expands; source: @dydxfoundation on X, Oct 28, 2025. This balance shows dYdX supports deep liquidity for professional traders while broadening access to newer assets for retail participants; source: @dydxfoundation on X, Oct 28, 2025.

According to @dydxfoundation, the dYdX protocol has generated nearly $62 million in fees since chain launch, with the majority distributed directly to stakers and funded by real trading activity rather than inflationary emissions, source: dYdX Foundation on X, Oct 28, 2025. According to @dydxfoundation, each dollar of exchange revenue is allocated across token buybacks, the Megavault, the Treasury subDAO, and stakers, creating a self-sustaining rewards model based entirely on protocol revenue, source: dYdX Foundation on X, Oct 28, 2025. According to @dydxfoundation, this fee-driven distribution highlights staking yields and recurring buybacks as core on-chain cash flows for DYDX stakeholders, making fee growth and staking participation key metrics for tokenholder returns, source: dYdX Foundation on X, Oct 28, 2025.

According to dYdX Foundation, an on-chain governance vote has been created to decide whether to compensate users impacted by the Oct 10 incident using the dYdX Insurance Fund, providing a formal avenue for community approval before any disbursement is made, source: dYdX Foundation on X (Oct 28, 2025) and dYdX Forum. The vote is scheduled to end on Nov 1, 2025 at 03:11 UTC, defining the decision window for the proposal, source: dYdX Foundation on X (Oct 28, 2025) and Mintscan Proposal 301. Proposal context is available on the dYdX Forum, and on-chain voting progress and results can be tracked via Mintscan for dYdX Proposal 301, source: dYdX Forum and Mintscan Proposal 301.

According to @dydxfoundation, an on-chain governance vote is live to approve the dYdX Trading Leagues Pilot Program, with voting ending on Nov 1, 2025 at 00:44 UTC, source: twitter.com/dydxfoundation/status/1983060784356733375. The measure is listed as Proposal 300 on the dYdX chain and its voting status and details can be tracked on Mintscan, source: mintscan.io/dydx/proposals/300. The linked dYdX Forum post indicates a request for 1M DYDX from the community treasury for the pilot program, which is the amount under consideration in this vote, source: dydx.forum/t/dydx-trading-leagues-pilot-program-request-1m-in-dydx-from-the-community-treasury/4613. For traders, the key catalyst window is the vote period and any subsequent treasury movement if passed, so monitoring real-time tallies and on-chain flows on the Mintscan proposal page is essential, sources: mintscan.io/dydx/proposals/300 and twitter.com/dydxfoundation/status/1983060784356733375.

According to dYdX Foundation, an on-chain governance vote is live asking whether to approve seeding the DODGERSWIN-USD market insurance fund. source: dYdX Foundation on X, Oct 28, 2025. The proposal is listed as Proposal 299 on the dYdX chain explorer Mintscan for on-chain tracking and participation. source: Mintscan dYdX Proposal 299. Voting closes on Oct 28, 2025 at 18:23 UTC, setting the final window for governance participants to decide the insurance fund seeding. source: dYdX Foundation on X, Oct 28, 2025; Mintscan dYdX Proposal 299. The forum thread titled Seed DODGERSWIN-USD insurance fund provides the discussion reference for the community around this proposal. source: dYdX Forum thread Seed DODGERSWIN-USD insurance fund.

According to dYdX Foundation, the Treasury SubDAO has repurchased more than 5 million DYDX since April using 25% of protocol fees, with program details and live metrics available at buyback.dydx.trade; source: dYdX Foundation on X, Oct 27, 2025. According to dYdX Foundation, the next scheduled buyback is set at 1.12 million DYDX, a concrete size that traders can monitor for on-chain activity timing and liquidity tracking; source: dYdX Foundation on X, Oct 27, 2025. According to dYdX Foundation, traders can track execution and cumulative repurchases in real time via buyback.dydx.trade to inform DYDX order flow monitoring; source: dYdX Foundation on X, Oct 27, 2025.

According to @dydxfoundation, the dYdX community is reviewing a Staking-Based Fee Discount Program proposed by Nethermind that explores granting trading fee discounts to users who stake DYDX, with the stated goal of strengthening token utility and aligning holders with active traders, source: dYdX Foundation on X and dYdX Forum. According to @dydxfoundation, community feedback is requested on the forum, indicating the initiative is in review rather than implementation, which is material for traders tracking potential changes to fee schedules and any DYDX staking requirements tied to discounts, source: dYdX Foundation on X and dYdX Forum. According to @dydxfoundation, the announcement does not specify activation timelines, discount tiers, or staking mechanics, so traders should monitor the forum thread for concrete parameters that could impact effective trading costs and DYDX token utility if adopted, source: dYdX Foundation on X and dYdX Forum.

According to dYdX Foundation, the dYdX community has passed Proposal 298 to update the Affiliate Whitelist on the dYdX Chain, with the vote outcome marked as Passed. Source: dYdX Foundation on X, Oct 24, 2025; Mintscan dYdX Chain Proposal 298. For trading impact, this confirms that affiliate-related permissions on the protocol will reflect the updated whitelist once the proposal is executed on-chain; traders active on dYdX should monitor the proposal’s execution status and effective block on Mintscan for operational planning. Source: Mintscan dYdX Chain Proposal 298.

According to @dydxfoundation, across all protocol versions dYdX has facilitated over $1.52 trillion in cumulative trading volume. source: dYdX Foundation on X, Oct 24, 2025. It has generated over $62 million in fees that are shared with stakers in USDC, with no inflationary emissions. source: dYdX Foundation on X, Oct 24, 2025. The foundation states these metrics reflect ongoing progress toward a performant, transparent, and sustainable on-chain trading ecosystem. source: dYdX Foundation on X, Oct 24, 2025.

According to @dydxfoundation, the dYdX community is reviewing a Trading Leagues pilot focused on non-API traders, source: dYdX Foundation on X. The program would allocate up to USD 1 million in DYDX over four weeks, source: dYdX Foundation on X. The stated goal is to test how short-term trading competitions influence user engagement and liquidity depth on dYdX, source: dYdX Foundation on X. Community discussion is active on the dYdX forum at dydx.forum/t/dydx-trading-leagues-pilot-program-request-1m-in-dydx-from-the-community-treasury/4613, source: dYdX Foundation on X.

According to @dydxfoundation, dYdX is integrating directly with user touchpoints across Crypto.com, CoinRoutes, and THORWallet, expanding access pathways to its trading ecosystem (source: dYdX Foundation on X, Oct 23, 2025). The post highlights continued rollout of these integrations, indicating the organization’s focus on connecting dYdX to partner-facing interfaces used by active traders (source: dYdX Foundation on X, Oct 23, 2025).

According to @charlesdhaussy, prediction markets are back on dYdX with support for going long or short and adding leverage, indicating immediate availability for leveraged directional trading. source: https://twitter.com/charlesdhaussy/status/1980990108267589675 The author links to dYdX’s official post on X, signaling an announcement about the return of prediction markets and leverage-enabled positions for users. source: https://x.com/dYdX/status/1980908451938058280

According to dYdX Foundation, community governance has initiated a program that directs 25% of protocol fees to open-market DYDX buybacks, source: dYdX Foundation on X, Oct 22 2025, https://twitter.com/dydxfoundation/status/1980952734829326638. Since April 2025, over 5 million DYDX have been purchased, with most of these tokens staked via the Treasury SubDAO, source: dYdX Foundation on X, Oct 22 2025, https://twitter.com/dydxfoundation/status/1980952734829326638. The foundation provides a real-time tracker at https://buyback.dydx.trade for monitoring buybacks, source: dYdX Foundation on X, Oct 22 2025, https://twitter.com/dydxfoundation/status/1980952734829326638.

According to @dydxfoundation, during the September Analyst Call the COO at the dYdX Foundation said competitive advantage in perpetual trading comes down to performance as on-chain derivatives competition intensifies, source: dYdX Foundation. The foundation highlighted Designated Proposers and an Order Entry Gateway as initiatives that will significantly reduce latency and improve block times on the protocol, source: dYdX Foundation. These upgrades aim to advance toward a CEX-quality experience while maintaining decentralization for its perpetual trading platform, source: dYdX Foundation. The protocol reported more than 1.4 trillion dollars in cumulative trading volume, underscoring its focus on scalability, resilience, and execution speed, source: dYdX Foundation.

According to @dydxfoundation, its October Analyst Call featured @epic_edge_ of dYdX Labs outlining the next phase of the protocol roadmap with Solana SOL spot trading, integrated staking, the return of on-chain prediction markets, and advanced order types, source: @dydxfoundation on X, Oct 21, 2025. The call emphasized building products that combine performance, transparency, and user-centric design, source: @dydxfoundation on X, Oct 21, 2025.

According to @dydxfoundation, the community approved reducing the maximum number of validators on the dYdX Chain from 50 to 42, confirming the proposal passed. Source: https://twitter.com/dydxfoundation/status/1980541288446587143; https://www.mintscan.io/dydx/proposals/297 This update lowers the Staking module parameter MaxValidators, meaning only the top 42 validators by voting power will be in the active set and participate in consensus. Source: https://docs.cosmos.network/v0.47/modules/staking/ For DYDX stakers, rewards are distributed to active validators and their delegators, so delegations to validators outside the top 42 will not earn staking rewards until reentering the active set. Source: https://docs.cosmos.network/v0.47/modules/distribution/; https://docs.cosmos.network/v0.47/modules/staking/ Traders can monitor validator rankings, active set churn, and stake concentration on Mintscan to assess validator concentration risk and potential on chain dynamics around DYDX. Source: https://www.mintscan.io/dydx; https://www.mintscan.io/dydx/validators

According to dYdX Foundation, an on-chain governance vote is live asking whether to approve updating the affiliate whitelist by removing low-engagement affiliates, with voting scheduled to end on Oct 24, 2025 at 01:15 UTC. Source: dYdX Foundation on X dated Oct 20, 2025. The measure is listed as Proposal 298 on the dYdX Chain, confirming the active on-chain vote tracking and timeline. Source: Mintscan dYdX Proposal 298. Additional context is available in the dYdX Forum post titled Whitelist new affiliates and remove inactive affiliates in the VIP tier — Oct 15, 2025, which outlines whitelisting new affiliates and removing inactive VIP-tier affiliates. Source: dYdX Forum.

According to @dydxfoundation, the October 2025 dYdX Analyst Call covered trading-focused updates including market backdrop, protocol growth, staking, token metrics, and a $DYDX buyback program at the 13:29 segment. Source: dYdX Foundation on X, Oct 20, 2025. According to @dydxfoundation, upcoming launches on the dYdX product roadmap include Solana Spot Trading and Prediction Markets. Source: dYdX Foundation on X, Oct 20, 2025. According to @dydxfoundation, new integrations with Crypto.com, THORWallet, and CoinRoutes were outlined at 26:35 to expand access and execution routes. Source: dYdX Foundation on X, Oct 20, 2025. According to @dydxfoundation, strategic initiatives highlighted include Surge Season 7 (20:26), simplified fee tiers (22:22), performance upgrades (23:19), permissioned keys (30:12), and an affiliates program (31:05). Source: dYdX Foundation on X, Oct 20, 2025. According to @dydxfoundation, the session was led by CEO Charles d'Haussy and COO Josh, with dYdX Labs President Eddie Zhang contributing to the roadmap segment at 15:00. Source: dYdX Foundation on X, Oct 20, 2025.

According to dYdX Foundation, its October 2025 Analyst Call covered market backdrop, protocol growth, token metrics, staking, and details of a DYDX buyback program. Source: dYdX Foundation (X, Oct 20, 2025). According to dYdX Foundation, upcoming launches include Solana (SOL) Spot Trading and Prediction Markets, alongside integrations with Crypto.com, THORWallet, and CoinRoutes. Source: dYdX Foundation (X, Oct 20, 2025). According to dYdX Foundation, additional roadmap points included Surge Season 7, simplified fee tiers, performance upgrades, permissioned keys, and an affiliates program. Source: dYdX Foundation (X, Oct 20, 2025).

According to @dydxfoundation, CEO Charles d’Haussy argued that crypto derivatives indicate market sophistication by enhancing price discovery, risk management, and capital efficiency, emphasizing infrastructure over speculation. Source: @dydxfoundation (Oct 20, 2025). According to @dydxfoundation, the panel’s trading takeaways stressed that true maturity comes from protocol-level risk controls, transparent liquidation processes, and user education rather than access restrictions. Source: @dydxfoundation (Oct 20, 2025). According to @dydxfoundation, decentralized exchanges are building structurally healthier markets via transparency, self-custody, and verifiable fairness, implying reduced counterparty risk and improved execution quality for derivatives traders. Source: @dydxfoundation (Oct 20, 2025). According to @dydxfoundation, traders should prioritize venues that align infrastructure, risk frameworks, and user behavior, and scrutinize on-chain liquidation transparency and protocol risk parameters before deploying leverage. Source: @dydxfoundation (Oct 20, 2025).