dYdX Foundation

A strong market isn’t built overnight - it’s built on structure. In 2025, dYdX continued evolving from a high-performance venue into a true on-chain market infrastructure layer - expanding institutional access while scaling distribution through new integrations. To read the full 2025 ecosystem report: https://lnkd.in/dPTWVza7

One of the biggest unsolved problem in crypto trading isn't execution speed. It's indecision. Charles d'Haussy on how AI agents will unlock billions in idle liquidity - and why that matters more than voice-to-trade gimmicks.

dYdX Surge - now in its 11th season - is a governance-driven trading competition designed to reward consistent, high-quality activity. With transparent, on-chain scoring and independent monthly seasons, Surge is a more targeted approach to incentives - built to reward traders who add real value to the market. To learn more about Surge and get started with exploring active markets, visit: https://www.dydx.xyz/surge

𝗘𝗧𝗛 𝗗𝗲𝗻𝘃𝗲𝗿 '𝟮𝟲 — 𝗞𝗲𝘆 𝗧𝗮𝗸𝗲𝗮𝘄𝗮𝘆𝘀 🧵 𝟭/𝟲. 𝗟𝗲𝘀𝘀 𝗮𝘁𝘁𝗲𝗻𝗱𝗲𝗱, 𝗯𝘂𝘁 𝗯𝗲𝘁𝘁𝗲𝗿 𝗮𝘁𝘁𝗲𝗻𝗱𝗲𝗲𝘀. - ETHDenver remains a top event and arguably the most important gathering in North America for builders. 𝟮/𝟲. 𝗔𝗜: Everywhere, but maturing fast -High excitement — and for good reason. -AI progress is moving at an extraordinary pace, not just in products but in code standards and EIPs. -The foundational layer is being built in real time (x402, EIP8004,...) -One missing piece though: few teams were building actual 𝘂𝘀𝗲𝗿 𝗷𝗼𝘂𝗿𝗻𝗲𝘆𝘀 𝘄𝗶𝘁𝗵 𝗔𝗜 𝗮𝗴𝗲𝗻𝘁𝘀 across protocols and apps. - ✨ Special mention to ETHSkills.com ✨ (Austin Griffith) for addressing exactly that — equipping the next generation of builders for this shift. (ethskills.com/SKILL.md educates your AI agent on Ethereum and its best coding practices) dYdX Foundation deploys grants on this topic 𝟯/𝟲. 𝗣𝗿𝗲𝗱𝗶𝗰𝘁𝗶𝗼𝗻 𝗠𝗮𝗿𝗸𝗲𝘁𝘀: 𝘁𝗵𝗲 𝗻𝗲𝘄 𝗱𝗲𝗿𝗶𝘃𝗮𝘁𝗶𝘃𝗲 𝗽𝗿𝗶𝗺𝗶𝘁𝗶𝘃𝗲 -Prediction markets don't replace FX, gold, or equity trading — they sit alongside them on the same infrastructure, combining perpetual futures with simple yes/no outcome contracts in one unified margin account. -The result mimics what Wall Street sells as structured products: hedge a directional bet without needing to understand Greeks, volatility surfaces, or options pricing models. -A fixed stake, a predicted price level, a binary outcome — derivatives finally democratized for anyone with a crypto wallet. dYdX research this field 𝟰/𝟲. 𝗙𝗶𝗻𝘁𝗲𝗰𝗵 & 𝗜𝗻𝘀𝘁𝗶𝘁𝘂𝘁𝗶𝗼𝗻𝘀 𝗳𝗲𝗲𝗹 𝗮𝘁 𝗵𝗼𝗺𝗲 𝗮𝘁 𝗘𝗧𝗛 𝗗𝗲𝗻𝘃𝗲𝗿 - 𝗢𝗻 𝘀𝘁𝗮𝗴𝗲 𝗼𝗿 𝗶𝗻 𝘁𝗵𝗲 𝗿𝗼𝗼𝗺: Robinhood, Privy, Canton, BlackRock, Fidelity, Apollo, federal & state regulators - 𝗦𝗶𝗱𝗲 𝗲𝘃𝗲𝗻𝘁𝘀:: OG trading firms + NewGen trading shops at The Tie event with Sacha Ghebali 𝟱/𝟲. 𝗘𝘁𝗵𝗲𝗿𝗲𝘂𝗺 𝗟𝟮𝘀: 𝗴𝗿𝗼𝘄𝗶𝗻𝗴 𝘁𝗵𝗲 𝗽𝗶𝗲, 𝗻𝗼𝘁 𝗳𝗶𝗴𝗵𝘁𝗶𝗻𝗴 𝗼𝘃𝗲𝗿 𝗶𝘁 -Differentiation is through brand, localization, and distribution — not just tech -Demand side is the real unlock -Cards are reshuffling: Base moving away from OP Stack, EtherFi migrating from Scroll to OP Stack, Robinhood launching its own L2 on Arbitrum. To be continued... 𝟲/𝟲. 𝗧𝗵𝗲 𝗠𝗲𝘁𝗮-𝗦𝗵𝗶𝗳𝘁 -Web4 — the "Intelligent Web" blending AI, decentralization and autonomous agents — sounds abstract today. It won't for long. -In the era of vibe coding, planning and building discipline are becoming more critical, not less. From the floor at ETH Denver — DM to connect on any of these themes. 𝘗𝘪𝘤𝘵𝘶𝘳𝘦𝘥: Francesco Andreolí 𝘧𝘳𝘰𝘮 Consensys 👷♂️ 𝗣𝗦: 𝗜 𝗮𝗹𝘀𝗼 𝗺𝗲𝘁 𝗮 𝗹𝗲𝗮𝗱𝗶𝗻𝗴 ⚽𝘀𝗼𝗰𝗰𝗲𝗿 𝘁𝗲𝗮𝗺⚽ 𝗲𝘅𝗽𝗮𝗻𝗱𝗶𝗻𝗴 𝗶𝗻𝘁𝗼 𝗶𝘁𝘀 𝗼𝘄𝗻 𝗰𝗿𝘆𝗽𝘁𝗼 𝘄𝗮𝗹𝗹𝗲𝘁 𝗮𝗻𝗱 𝘀𝘁𝗮𝗯𝗹𝗲𝗰𝗼𝗶𝗻𝘀. 𝗥𝗲𝗺𝗶𝗻𝗱𝘀 𝗠𝗿𝗕𝗲𝗮𝘀𝘁 𝗹𝗮𝘁𝗲𝘀𝘁 𝗳𝗶𝗻𝘁𝗲𝗰𝗵 𝗮𝗰𝗾𝘂𝗶𝘀𝗶𝘁𝗶𝗼𝗻.

dYdX continues to expand its distribution surface through ecosystem-native partnerships like BONK, embedding perp liquidity directly into where users already trade. The latest Bonk integration strengthens access, aligns incentives via a BONK DAO fee share, and creates a new route to market while preserving execution. 

Numia has been a core data provider for dYdX since v4 launch. One of the earliest infrastructure challenges was the mempool: it contains 10x+ the transaction data that actually settles on-chain. Most of it is noise. Numia had to engineer real-time infrastructure - hardware, storage, processing - just to extract the signal. Here's how they solved it 👇

🔔 Big news for institutional crypto markets. CME Group just announced 24/7 crypto derivatives trading starting May 29 . It means the crypto market is maturing in a really specific way. It's no longer a monolithic entity driven purely by retail sentiment. You now have this deeply entrenched, well-capitalized institutional layer that operates on different timelines and with different strategies. - Key facts: -Continuous futures & options on CME Globex (BTC, ETH, SOL, XRP) -Only a 2-hour weekly maintenance window -$3T notional volume in 2025 | ADV up 46% YoY Why it matters: Institutions can finally hedge crypto exposure during weekend volatility — the exact moments markets move most. CFTC chair already called it a "no-brainer." Nasdaq and NYSE are watching closely for their own 24/7 equity push. The line between TradFi and crypto infrastructure keeps blurring. Fast.

Onchain derivatives infrastructure is now attracting the same caliber of liquidity providers that historically operated exclusively on centralized venues. The February dYdX Analyst Call will unpack what that shift looks like in practice. The Foundation will host Han C., Co-Founder & CEO of Adaptive Frontier and dYdX Foundation Council Member, on February 23 - to uncover how market-making strategies are being adapted for on-chain order books, what execution quality improvements are enabling deeper institutional participation, as well as how derivatives are evolving into 2026. RSVP here: https://luma.com/h2gzb7fc

ICYMI, dYdX governance recently voted to update sliding affiliate fee tiers, raising the base revenue share from 15% to 30%, scaling up to 50% at higher referred volume bands. This parameter change aligns affiliate incentives more closely with sustained flow quality and deeper liquidity, reinforcing long-term referral economics rather than static commission rates. To become an affiliate, visit: https://lnkd.in/dRq3wxex

I spent 20 years living in Asia — years that shaped how I think, how I lead, and how I move. The Horse doesn't wait. It charges forward with intent. That's the energy I'm bringing into 2026: -Move with purpose -Meet every challenge head-on -No hesitation, no half-measures 祝大家新年快乐 🐎 To everyone celebrating — wishing you a bold and prosperous Year of the Horse.