The Dydx Foundation Has Released Its Semi-annual Ecosystem Report: v3 Trading Volume Reaches $240.5 Billion, Achieving Four Milestones
According to official information, the dYdX Foundation has released its 2023 Half-Year Ecosystem Report. The report states that in 2023 so far, the activity on the dYdX V3 protocol has remained stable. Approximately 68,628 new accounts have been created, with a cumulative trading volume of $240.5 billion, daily trading volume reaching $1 billion, weekly fees totaling around $1.5 million, and an active user base of 61,600. Furthermore, the total trading volume on the dYdX V3 platform recently surpassed $1 trillion.
Since announcing its plans to become a fully decentralized protocol in January 2022, dYdX has achieved four out of five milestones, including the launch of a public testnet. Following the initial public testnet release, subsequent releases of Public Testnet #2 have improved performance and expanded access to over 30 available markets. Currently, there are approximately 57 validators participating in the V4 Public Testnet #2 for dYdX Trading. The current block time on the public testnet is 1.8 seconds, with over 2.9 million transactions and 2.9 million staked tokens.
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