dYdX 基金會：協議指標和 2026 年之路

dYdX 基金會分析師電話會議概述，重點介紹協議性能、代幣指標以及直至 2026 年的戰略路線圖。

dYdX Foundation: Protocol Metrics and the Road to 2026

dYdX 基金會：協議指標和 2026 年之路

The dYdX Foundation is charging ahead, giving everyone a sneak peek at their progress and plans for world domination (in the decentralized derivatives space, of course!). Let's dive into the latest updates straight from their October 2025 Analyst Call.

dYdX 基金會正在向前推進，讓每個人都能一睹他們的進展和統治世界的計劃（當然是在去中心化衍生品領域！）。讓我們直接深入了解 2025 年 10 月分析師電話會議的最新更新。

Key Takeaways from the Analyst Call

分析師電話會議的主要要點

The dYdX Foundation, along with dYdX Labs, hosted an analyst call in October 2025, outlining the protocol's impressive performance and future strategies. Charles d’Haussy (CEO of dYdX Foundation) and Eddie Zhang (President of dYdX Labs) were on hand to present. The call highlighted some juicy bits, including updates on new trading features and the exciting (yes, exciting!) expansion into the U.S. market. Basically, dYdX is leveling up.

dYdX 基金會與 dYdX Labs 於 2025 年 10 月舉辦了一次分析師電話會議，概述了該協議令人印象深刻的表現和未來戰略。 Charles d'Haussy（dYdX 基金會首席執行官）和 Eddie Zhu（dYdX 實驗室總裁）到場出席。這次電話會議強調了一些有趣的內容，包括新交易功能的更新以及令人興奮（是的，令人興奮！）的美國市場擴張。基本上，dYdX 正在升級。

dYdX Chain: Leading the Decentralized Charge

dYdX Chain：引領去中心化浪潮

The dYdX Chain continues to flex its muscles, surpassing $1.52 trillion in lifetime trading volume across all versions. That’s a serious number! Since its launch, the chain has generated over $62 million in fees, with almost $50 million going back to stakers in USDC. And the community is growing, with nearly 10,000 new token holders joining in the past month, bringing the total to over 92,000.

dYdX Chain 繼續展現其實力，所有版本的生命週期交易量均超過 1.52 萬億美元。這是一個嚴重的數字！自推出以來，該鏈已產生超過 6200 萬美元的費用，其中近 5000 萬美元返還給 USDC 的質押者。該社區正在不斷發展，過去一個月有近 10,000 名新代幣持有者加入，使總數超過 92,000 人。

Tokenomics and Community Engagement

代幣經濟學和社區參與

The DYDX token remains the heart of the ecosystem, with over 240 million tokens staked. The DAO-approved Buyback Program has already repurchased over 5.3 million tokens, with more buybacks planned. Why? To boost community activity and chain security, naturally. According to d’Haussy, dYdX is a top choice for investors seeking crypto market exposure.

DYDX 代幣仍然是生態系統的核心，擁有超過 2.4 億個代幣。 DAO 批准的回購計劃已經回購了超過 530 萬個代幣，併計劃進行更多回購。為什麼？當然是為了促進社區活動和鏈安全。 d'Haussy 表示，dYdX 是尋求加密貨幣市場投資的投資者的首選。

Roadmap to 2026: Performance and Innovation

2026 年路線圖：績效和創新

Eddie Zhang unveiled the updated roadmap, focusing on deepening liquidity, expanding asset coverage, and making the trading experience even smoother. This includes a focus on performance and institutional-grade innovation. dYdX aims to make decentralized trading fast, fair, and open to all. Spot markets and Telegram-based trading are on the way, as well as simplified logins for retail users and even real-world asset perpetuals.

張艾迪公佈了更新後的路線圖，重點是深化流動性、擴大資產覆蓋範圍、讓交易體驗更加順暢。這包括對績效和機構級創新的關注。 dYdX 旨在使去中心化交易快速、公平且對所有人開放。現貨市場和基於 Telegram 的交易即將推出，零售用戶甚至現實世界資產永續合約的登錄也將得到簡化。

Final Thoughts: dYdX is Ready for Lift-Off

最後的想法：dYdX 已準備好起飛

With a growing product suite, global partnerships, and a maturing governance model, dYdX is gearing up for continued growth. The 2026 roadmap is all about taking things to the next level. Keep an eye on this space, folks. It looks like dYdX is just getting started, and they're ready to shake things up in the DeFi world. It's gonna be a wild ride!

憑藉不斷增長的產品套件、全球合作夥伴關係和成熟的治理模式，dYdX 正在為持續增長做好準備。 2026 年路線圖旨在將事情提升到一個新的水平。伙計們，請密切關注這個空間。看起來 dYdX 才剛剛起步，他們已經準備好撼動 DeFi 世界。這將是一次瘋狂的旅程！