dYdX: A New Chapter 

dYdX is entering a new chapter of growth, innovation, and ruthless execution. 

Adoption of decentralized exchanges is accelerating, fueled by breakthroughs in onchain infrastructure that now make trading on DEXs indistinguishable from — and often superior to — CEXs. 

As part of this new chapter, we’re rebranding the core development company behind the dYdX open-source software from dYdX Trading to dYdX Labs — reflecting our mission to operate at the frontier of onchain technology, build faster, and experiment more boldly. 

The move from centralized exchanges to onchain is one of the greatest opportunities for crypto’s next chapter and we believe dYdX can be at the forefront of this change by focusing on three pillars: 

1. Democratize Access to Financial Opportunity: 
   Our mission at dYdX is to give people access to financial opportunity — anywhere, anytime. That means open, permissionless access to the world’s best markets, from emerging digital asset classes to real world assets like U.S. stocks and indexes, and breaking down barriers to the most exclusive private markets, from alternative assets to pre-IPO decacorns. 

2. Deliver a World-Class Consumer Experience: 
   Access only matters if it’s easy to navigate. We’re making DeFi and perpetuals simple, fast, and intuitive as any leading consumer app — with deposits that just work and trading that feels instant and reliable, available everywhere. We’re delivering this experience across mobile, web, and Telegram — so you can trade 24/7, anywhere in the world on any interface. 

3. Maximize Token Utility: 
   dYdX is designed to be community-owned and community-run - built and steered by the traders who use it. We reaffirm our core belief that there should be a strong connection between the success of the protocol and its governance token, all with a view to strengthening the performance and security of the network. 

Every initiative on our roadmap ties directly to one or more of these pillars. By executing well, we aim not just to win market share in our category, but to grow the entire market of open finance.

What We’ve Shipped 

Over the past few months, we’ve been moving fast — shipping upgrades adopted by the dYdX community that boost performance, expand access, and improve the consumer experience: 

• Builder Codes — Any wallet or application can now integrate directly with dYdX perpetuals and earn revenue. Crypto.com was among the first, driving $75M+ in volume. More integrations are in the pipeline, and we’re actively welcoming new partners. 
• Reliability Upgrade — Massive upgrades since April 2025, delivering a 98% improvement in API performance and reliability for programmatic trading and integrations. 
• Accelerated Growth Efforts — The dYdX community has also accelerated growth efforts, with expanded campaigns, affiliates partnerships, trading competitions, and outreach to grow awareness and attract new traders. 
• Enhanced Mobile & Web Experience — A faster, simpler trading flow that’s increased onboarding and trading activity by over 50%. Faster load times, smoother interactions, and better UX across devices. 
• Free, Instant Deposits — Deposits over $100 on Ethereum, Arbitrum, Optimism, Base, Polygon, and Avalanche are now instant and free. 

What’s Coming This Quarter 

The next 90 days will be defined by precision, focus, and execution. It is critical for dYdX to strengthen its competitive positioning in order to increase market share and deliver long-term value to the community and ecosystem. 

We plan to release a series of software upgrades which will empower the dYdX community to launch major improvements in performance, user experience, and token utility: 

• Partner Fee Share — Partners who bring volume and liquidity to dYdX can now earn up to 50% of protocol fees. 
• Scale & TWAP Orders — Issue multiple limit orders in a set price range through scale orders or divide large orders into smaller suborders to be executed in intervals through TWAP orders.
• Designated Proposers — Significant reductions in end-to-end trading latency, enabling faster execution and a high-performance experience for all users. 
• Order Gateway — Major improvements to order submission and cancel reliability, permitting validators to offer more dependable access to the exchange. 
• Telegram Trading — Through our Pocket Protector acquisition, seamlessly trade your dYdX account across web and Telegram and claim your share of over $3M in monthly rewards. Launching in September 2025.
• Social Login — Sign in and deposit instantly with Google, Apple, or Passkey — one account across all your mobile and web devices. 
• Buy & Stake Token — Swap USDC ↔ DYDX directly on the web front-end through an integration with Osmosis. 
• Stake for Reduced Fees — Customizable fee tiers will permit the community to reward token stakers with reduced trading fees. 

We encourage the dYdX community to discuss the different ways dYdX can enhance its competitive edge. 

What’s Next 

We’re building toward a future where everyone has access to financial opportunity, and where anyone can trade anything from anywhere: 

• Perps for Real World Assets — From public stocks to hot pre-IPO privates, we’ll make getting exposure to top-tier RWAs as easy as trading any onchain asset. 
• Spot Trading — Through the acquisition of Pocket Protector, we’re planning on introducing Spot trading to dYdX. Spot trading be available globally including the United States, and launch with support for Solana. We plan on rapidly introducing other chains after our initial launch. 
• More Deposit Options — Today, users can deposit USDC and Ethereum to dYdX. We plan on introducing USDT, Solana, and Fiat deposits to increase access to dYdX. 

We’re heads down building but committing to providing more regular updates to the community, with increased transparency, on our roadmap. 

A New Chapter for dYdX 

We’re incredibly excited here at dYdX about the increasingly DEX led future of crypto, and the part that dYdX will play. We believe that by focusing on democratizing access to financial opportunity, creating a great consumer experience, and enabling an increase in token utility, we can accelerate towards this future and position dYdX to be the largest decentralized marketplace for financial products. 

I’m so excited for you all to join us on this next chapter in the evolution of dYdX. 

Eddie Zhang is the President of dYdX Labs. 

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Disclaimer 

dYdX is a decentralised, disintermediated and permissionless protocol, and is not available in the U.S. or to other restricted persons. All use of dYdX software is subject to the dYdX Software Terms of Use. 

This post describes anticipated features in the open source dYdX software. The implementation of these features in any live deployment of dYdX software will be decided by the relevant deployer community. dYdX International Ltd. (“DI”), dYdX Trading Inc. dba dYdX Labs (“dYdX Labs”) and their affiliates do not develop, control or operate any component of dYdX software for public use. The information provided in this website is for general informational purposes only and DI reserves the right to update, modify, or amend any contents herein, at its sole discretion and without prior notice. Nothing herein should be used or considered as legal, financial, tax, or any other advice, nor as an instruction or invitation to act in any way by anyone. 

Engaging in any activity involving crypto-assets (including trading crypto assets and depositing into the MegaVault) is risky due to high volatility. Returns are not guaranteed and may fluctuate over time depending on multiple factors, and you may lose your entire investment, particularly when using leverage. Investment into crypto-assets may not be regulated and may not be suitable for retail investors. You should perform your own research and due diligence before engaging in any activity involving crypto-assets. 

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