$DYDX dYdX released the **2024 Annual Ecosystem Report**, showing significant growth and achievements over the past year, further consolidating its leading position in the decentralized derivatives trading space. Below are the key data and analyses from the report:
### 1. **Trading Volume and Market Expansion**
- **Annual Trading Volume**: In 2024, the trading volume on the dYdX platform reached **$270 billion**, with a cumulative trading volume exceeding **$1.46 trillion**, demonstrating the platform's strong performance in the derivatives trading market.
- **New Market Launches**: dYdX launched **over 150 new markets** in 2024, further enriching the variety of tradeable assets to meet users' diverse trading needs.
### 2. **Community Incentives and Deposit Growth**
- **Trading Rewards**: In 2024, dYdX distributed **$63 million in trading rewards** to the community, incentivizing users to participate in platform trading and ecosystem building.
- **MegaVault Deposits**: The total amount of MegaVault deposits reached **$79 million**, indicating a significant increase in user trust and willingness to deposit funds on the dYdX platform.
### 3. **DYDX Token Holders and Staking Growth**
- **Token Holder Growth**: As of January 2025, the number of DYDX token holders grew to **53,000**, a year-over-year increase of **292%**, showing widespread recognition of the DYDX token within the community.
- **Staking Participation**: Among them, **17,700** participated in DYDX token staking, with a total staked amount reaching **241 million tokens**, and a median annualized return of **14.93%**. The growth in staking not only enhanced the network's security but also provided users with substantial returns.
### 4. **Future Outlook**
- dYdX's performance in 2024 showcases its strong competitiveness in the decentralized derivatives trading space. By continually expanding the market, incentivizing community participation, and optimizing its token economic model, dYdX is expected to further solidify its market position in the future.
- With more users and funds flowing in, dYdX will continue to drive innovation in decentralized finance (DeFi), providing global users with a more efficient, transparent, and diverse trading experience.
Overall, dYdX made significant progress in 2024, laying a solid foundation for its future development in terms of trading volume, user growth, and ecosystem expansion.
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