dYdX (ethDYDX)

<ul><li>dYdX processed $466.3 billion from 33,900 traders, with over $137 million in fees.</li><li>The protocol approved 17% of received grant applications, and 69% are completed.</li><li>dYdX V4 mainnet will launch in 2023.</li></ul>Yesterday, <a href="https://coinedition.com/tag/DYDX-dydx/" rel="noopener noreferrer nofollow">DYDX Foundation</a>, an independent not-for-profit layer two protocol, released its 2022 ecosystem annual report, capturing its performance and achievement through the widespread bear market.In 2022, the dYdX protocol processed a cumulative volume of $466.3 billion from 33,900 traders, and the total fees for these transactions were over $137 million. Additionally, it received 521 grants applications, approved 17% of which 69% have been completed.dYdX also significantly succeeded in growing its social presence within the crypto communities. Its Discord community grew by over 390%, while its Twitter followership increased by 62%. Also, its workforce increased from a three-person team to 12 full-time employees plus seven other contract staff.<a href="https://coinedition.com/dydx-processes-466b-from-33900-traders-in-2022-with-137m-in-fees/" rel="noopener noreferrer nofollow">See the Original CoinEdition</a>

dYdX Processes $466B from 33,900 Traders in 2022 with $137M in Fees

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