News DeFi

What’s behind dYdX’s explosive growth and skyrocketing revenue?

by Tim Copeland

October 7, 2021, 1:01PM EDT · 5 min read

Quick Take

dYdX has seen soaring volumes and rapidly rising revenues in recent months.
We take a look at the technology that has enabled this, and what incentives have spurred it on.

Derivatives exchange dYdX has broken $70 billion in volume and made $40 million in revenue. And it's only just getting started.

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