[Press Release – Zug, Switzerland, December 18, 2025]
The dYdX Foundation held its monthly call for December, where it discussed key activities, updates, and future plans for the dYdX trading platform. This call helps keep users, token holders, and the wider community informed about progress and decisions.
Trading Activity: Growth Despite Market Changes
In November, the crypto derivatives market saw lower activity overall. However, dYdX kept performing well. During a 30-day period, it reported $16.1 billion in trading, the best month of the fourth quarter. Daily trading volumes often reached $600 to $800 million, which was two to three times higher than before. This shows that more traders are using the platform and there is growing liquidity, even when the market was cautious.
What is Crypto Derivatives?
Crypto derivatives are financial products like futures and options based on cryptocurrencies. They allow traders to bet on price changes without directly owning the asset. Learn more here.
Governance: Decisions Driving Growth
dYdX uses a system called governance to let its community and token holders help decide the platform’s future. For example, during December:
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The community approved Surge Season 9, which offers traders a 50% fee rebate and a $1 million incentive program to encourage more trading during volatile times.
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Another decision was to keep trading for Bitcoin (BTC) and Solana (SOL) perpetuals free of fees through December. This was meant to attract users and increase activity in these key markets.
What is Perpetual Trading?
Perpetual trading refers to a type of trading contract with no expiration date. It’s widely used in cryptocurrency markets. Learn more here.
New Trading Options: Adding Solana Spot Trading
December was an important month for the dYdX platform as it launched Solana spot trading. Spot trading allows users to buy and sell assets (like Solana) instantly, based on the current market price. This new feature is also available to users in the United States. It aims to help more people use dYdX and allows traders to explore strategies beyond the platform’s traditional focus on perpetual contracts.
What is Solana?
Solana is a popular blockchain platform and cryptocurrency designed to make transactions fast and affordable. Learn more here.
Growing Collaborations: Partnering with BONK
The platform announced a new partnership with BONK, a meme-based cryptocurrency. BONK launched a decentralized exchange (DEX) using dYdX’s infrastructure. Half of the trading fees from this BONK DEX will go directly to the BONK community fund (called DAO). Fee-free BONK perpetual trading is also available on their platform.
What is a Meme Coin like BONK?
Meme coins are cryptocurrencies influenced by internet memes or jokes. Their value often changes based on community interest. Learn more here.
Security and Rewards
dYdX continues to show strong network security and long-term incentives for users. By mid-December, about 273 million DYDX tokens were staked. To encourage users, the platform also buys back its tokens and stakes them, which helps align the interests of token holders and supports the network.
Comment from dYdX Foundation CEO
Charles d’Haussy, the CEO of dYdX Foundation, said, “The decisions made in December show how governance can drive growth. We’re excited to see how our efforts, like new trading options and incentives, continue to benefit the broader ecosystem.”
About dYdX Foundation
The dYdX Foundation is a non-profit organization in Switzerland. Its goal is to support the development of the dYdX protocol and help the community grow through decentralized decision-making (governance).
Disclaimer
The information provided is for educational and informational purposes only. It is not financial, legal, or investment advice. For more details, visit dYdX’s Terms of Use.