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The dYdX Foundation released its 2024 Semi-Annual Ecosystem Report, a comprehensive document detailing the significant achievements, product developments, and community engagements that have propelled dYdX to the forefront of the decentralized finance (DeFi) sector.

The first half of 2024 has been a period of remarkable growth and innovation for dYdX. The report highlights several key milestones, including:

  • $166 Billion in Trading Volume:Demonstrating robust market activity and user engagement.
  • $32 Million Paid Out to Stakers and Validators:Rewarding the contributors who help maintain the integrity and performance of the network.
  • 62 Governance Proposals Passed:Reflecting the active participation and decision-making within the dYdX community.
  • Launch of iOS and Android Apps:Enhancing accessibility and user experience across mobile platforms.
  • 40+ New Markets Launched and Over 800 Markets Unlocked:Expanding the trading opportunities and flexibility for users.

The dYdX Foundation’s CEO, Charles d’Haussy, stated, “In the first six months of 2024, the dYdX Chain has already processed over $166B in trading volume and distributed over $32M in rewards to Validators and Stakers, whose invaluable service sustains our ecosystem. Together, we continue to push forward and set new standards for the industry.”