2026-01-18 00:42:13

The latest ecological annual report released by the dYdX Foundation mentions that the total historical trading volume of this DeFi protocol has surpassed $1.55 trillion. More interestingly, from $16 billion in the second quarter to $34.3 billion in the fourth quarter, nearly doubling in half a year and setting a new high this year.

From an ecosystem development perspective, dYdX has put a lot of effort into attracting institutional users. The platform has integrated leading execution and routing solutions such as CoinRoutes, CCXT, and Cryptocom, significantly improving the onboarding experience for institutional traders. Notably, dYdX is not stopping there; it has recently begun expanding its products on the Solana chain, aiming to capture trading flow within the Solana ecosystem. It seems that competition in the DeFi sector is indeed heating up.

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MEVSandwichMaker

· 01-20 01:04

1.55 trillion? Damn, these numbers are getting more and more outrageous. 160 billion in Q2 to 343 billion in Q4, this growth rate... are you really not bragging? dYdX has shifted to Solana, it seems everyone wants a piece of SOL. More institutional users definitely steal traffic, the competition among DEXs is heating up. Doubling in half a year is not surprising, but the key is whether they can maintain it. Just integrating a bunch of solutions to secure institutional clients? That's overthinking. With so much competition on Solana, dYdX is a bit late. Trading volume ≠ user quality, the key is retention. Both Solana and institutions, the strategies seem pretty similar. If this data is not inflated, it’s impressive. But I’m afraid the report itself is just marketing.

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blocksnark

· 01-19 02:00

1.55 trillion, the growth rate is indeed quite rapid, but is Solana about to start another project? Feels like it's spreading itself too thin. --- Doubling sounds great, but are institutions really using it, or are the numbers just for show? --- Integrating so many solutions, it's pretty obvious they're trying to attract institutional users. Let's see if they can keep people engaged later on. --- Solana is already so competitive; can dYdX really share the cake if they jump in? --- Half a year doubling sounds good, but how reliable are these numbers... --- We've been hearing about the increasing competition in DeFi for a long time. It's all about seeing who can last longer. --- A transaction volume of 1.55 trillion looks impressive, but what about liquidity and real users? --- Solana's expansion plan sounds great, but is it another case of "big vision, little reality"?

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rugpull_ptsd

· 01-18 01:08

1. 1.55 trillion? That number is shocking, but what is the actual trading volume? 2. Doubling in half a year is nothing special; the key question is who is trading... institutions or just bots? 3. Another project in the Solana ecosystem, is such fierce competition really good? 4. Improving institutional-level experience sounds good, but I'm worried about another round of rug pulls. 5. Trading volume soaring ≠ project taking off, beware of false prosperity everyone. 6. They've expanded to Solana, feeling a bit rushed. 7. 1.55 trillion sounds great, but spread across so many chains... it’s quite fragmented. 8. Institutional traders entering = institutional-level rug pull? Or is there real value? 9. From 16 billion to 34.3 billion, a good increase... but what about sustainability? 10. dydx wants to steal traffic again, this circle is really competitive.

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gas_fee_trauma

· 01-18 01:03

1.55 trillion? Wow, is this data real? Feels like just a few hundred billion a couple of years ago. Doubling growth sounds great, but how many can actually make money? Most are still just cutting the leeks. It's enough that institutional investors are in; retail money will follow... Don’t be fooled by these news reports. Solana on-chain expansion? Feels like more money burning to grab territory. Can it sustain? That’s true competition, unlike those pump-and-dump projects, there’s some real stuff inside. Trading volume skyrocketed, but who knows how genuine user engagement is within the ecosystem? Both institutional-level users and Solana expansion—feels like they’re taking big steps. Hearing about doubling in half a year so often, but it all depends on real demand, or is it just pure coin burning? dYdX wants a piece of the Solana pie? Better see what their competitors over there have to say. 1.55 trillion sounds impressive, but what’s the average transaction size? Still, it comes down to profit.

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PessimisticOracle

· 01-18 00:58

1.55 trillion? Feels a bit exaggerated, but what is the actual trading volume? --- Solana is currently very popular, everyone wants a piece of the pie. --- Institutional users are definitely the future, dYdX is thinking quite comprehensively. --- Doubling growth sounds great, but with how competitive the DeFi space is right now, it's hard to say who will stick around until the end. --- Busy integrating CoinRoutes and expanding on Solana, really busy haha. --- The figure of 1.55 trillion is shocking, but it depends on how much of it is actual effective trading. --- On the Solana chain? Are they planning to directly compete with Orca?

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Ser_This_Is_A_Casino

· 01-18 00:49

Whoa, 1.55 trillion? Is this number real? It feels like dYdX is making a bit of a comeback this time. Doubling in half a year is indeed impressive, but are institutions really using it or just storytelling again? The key on the Solana side is whether they can attract traffic, otherwise it's all talk. dYdX has indeed been holding back a big move in recent years, but whether they can sustain it depends. One word: competition. The DeFi sector is really competitive to death. Institutional users? I haven't heard my friends mention it. Are there really that many? Trading volume is soaring, but what about user activity? Still playing the numbers game. Solana's expansion feels a bit slow to catch up; they've been doing it for a while. How much of this 1.55 trillion is fake trading volume by their own people, haha.

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ProtocolRebel

· 01-18 00:45

1.55 trillion? Impressive, but this number might be inflated; it depends on the actual trading volume. 343 billion in Q4 is indeed impressive, but I'm worried it might be a fleeting moment. Is Solana trying to grab a share? Are they planning to abandon the main chain? Haha. Institutions have piled up a bunch of tools, but it still depends on whether anyone actually uses them. Doubling growth sounds great, but I wonder about user retention. Still expanding on Solana? Feels a bit chaotic now.

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