dYdX Annual Report: Accumulated Trading Volume Surpasses $1.55 Trillion, Token Buyback Expanded to 75% of Protocol Net Income

BlockBeats News, January 18, the dYdX Foundation released its 2025 Ecosystem Annual Report, with key highlights including:

Total trading volume surpassing $1.55 trillion, with on-chain derivatives infrastructure continuing to expand;

Quarterly trading volume rebounding from around $16 billion in the second quarter to $34.3 billion in the fourth quarter, marking the best quarterly performance since 2025;

Launch of the DYDX Buyback Program, and obtaining governance approval to expand the buyback size to 75% of protocol net income;

Token holder engagement steadily increasing, with the number of DYDX holders reaching around 98,000 by the end of 2025.