🔥 DYDX token is on fire! In just 6 months, it's transformed from a governance-only coin to a powerhouse on the layer-1 blockchain. 🚀
- DYDX was launched in Oct 2023, succeeding ethDYDX, a governance token for the Ethereum-based layer-2 protocol dYdX v3.
- 75% of all ethDYDX have been converted to DYDX and migrated to the dYdX Chain.
- DYDX stakers are reaping rewards, with $20M disbursed so far.
DYDX is more than just a token. It's a key player in decentralized governance, with users staking tokens for rewards.
- The dYdX Chain has over $120B in cumulative trading volume with increasing staked assets.
- The community is actively participating, with 55 governance proposals initiated.
DYDX is making waves 🌊 in the DeFi space. What are your thoughts? 💭 Let's chat in the comments! #DYDX #DeFi #Web3