$DYDX
The founder of dYdX, Antonio Juliano, announced his return to the CEO position five months after stepping down. In a conversation with Empire co-host Jason Yanowitz, Juliano stated that after a period of deep reflection, he is now very clear about what the company needs to do. He intends to completely restart everything and operate the company in a founder mode.
Juliano's return comes at a time when dYdX is facing fierce competition and a challenging market environment. He recognizes that as the founder, he needs to revitalize the company; otherwise, it may decline. He is now returning to the company with renewed energy and wisdom, ready to fully commit to the company's future development.
In October of last year, the trading volume of DEX perpetual contracts was $33 billion, with dYdX accounting for 80% of the market share. However, in September of this year, the total trading volume of DEX perpetual contracts grew to $135 billion, but dYdX accounted for less than 7% of the trading volume on the Ethereum and Cosmos application chains.
