dYdX cumulative volume surpasses $1.55T, buyback allocation raised to 75% of net revenue

dYdX Foundation reported cumulative trading volume exceeded $1.55 trillion and governance approved increasing DYDX token buybacks to 75% of protocol net revenue, according to its 2025 annual report released Jan. 18. Quarterly volume rose from approximately $16 billion in Q2 to $34.3 billion in Q4, while DYDX holders reached about 98,000 by end-2025.