dYdX 2020 Annual Review: Cumulative trading volume increased by 40 times, and the proportion of perpetual contract trading volume continued to increase
Rhythm BlockBeats news, on January 21, the decentralized trading platform dYdX released a 2020 annual review article. According to reports, in 2020, the cumulative transaction volume of the platform has increased from 6300 in 2019 million dollars increased 40-fold to $2.5 billion.
Among them, the trading volume of the margin and spot markets exceeded US$1.9 billion; new products have been launched since April Since then, the trading volume of the perpetual contract market has exceeded 563 million US dollars, and the trading volume of this sector has increased in proportion to the total trading volume, accounting for 41% of the total trading volume in December. Additionally, dYdX debt issuance exceeded $17.4 billion, and the number of linked wallets increased 4.8x from 8,000 to 38,588.
The article also mentioned that in 2020, the team added 6 new members, including design, engineers and growth leaders. In the second half of the year, dYdX developed a perpetual contract product based on the second-tier expansion solution ZK Rollups .
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