According to Odaily, the dYdX Foundation has released its mid-year ecosystem report for 2024. The report highlights key data including a trading volume of 166 billion USD, payments of 32 million USD to Stakers and validators, approval of 62 governance proposals, and the launch of iOS and Android applications.
The report indicates a significant trading volume, reaching 166 billion USD in the first half of 2024. This figure represents the total amount of transactions processed by the dYdX platform during this period.
In addition to the impressive trading volume, the dYdX Foundation has also paid out 32 million USD to Stakers and validators. These payments are part of the platform's reward system for those who contribute to the security and operation of the network.
The dYdX Foundation has also seen progress in its governance structure, with 62 proposals being approved in the first half of 2024. These proposals are aimed at improving the platform's functionality and user experience.
Furthermore, the dYdX Foundation has expanded its reach by launching applications for iOS and Android. These applications aim to provide users with a more convenient and accessible platform for trading and managing their digital assets.