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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