DYDX啟動了第一個$ DYDX回購計劃，將令牌的價格提高了多達10％

週二，DYDX社區宣布了第一個$ DYDX回購計劃，此舉在整個分散的金融（DEFI）景觀中引起了波浪

The dYdX community has announced the launch of its very first $DYDX Buyback Program, a move that has already boosted the token’s price by as much as 10%. As of Tuesday morning, $DYDX is trading at approximately $0.72.

DYDX社區已宣布啟動其第一個$ DYDX回購計劃，此舉已經將令牌的價格提高了10％。截至週二上午，$ dydx的交易約為0.72美元。

Key Takeaways:

關鍵要點：

The program will see 25% of dYdX’s net protocol fees used to perform monthly $DYDX token buybacks from the open market.

該計劃將看到DYDX的25％的淨協議費用，用於每月從公開市場上執行$ dydx代幣回購。

The Treasury SubDAO will manage the repurchased tokens and put them to yield.

財政部將管理回購的代幣並將其屈服。

The initiative follows a community vote in early March, which saw a majority of users vote in favor of launching this program.

該倡議是在3月初進行社區投票之後，大多數用戶投票支持啟動該計劃。

The community is also discussing the potential for increasing the buyback allocation to 100% of net protocol fees. If this were to happen, the decreased circulation of tokens would, in turn, increase network security even further. The goal is to encourage broader participation in the platform while ensuring that the token remains integral to the protocol’s long-term growth.

社區還討論將回購分配增加到100％淨協議費用的潛力。如果發生這種情況，代幣的循環下降將進一步提高網絡安全性。目的是鼓勵更廣泛地參與該平台，同時確保令牌仍然是該協議長期增長不可或缺的一部分。

This initial 25% allocation could be just a starting point. The dYdX community is already discussing the potential for increasing the buyback allocation to 100% of net protocol fees. If this were to happen, the decreased circulation of tokens would, in turn, increase network security even further. The goal is to encourage broader participation in the platform while ensuring that the token remains integral to the protocol’s long-term growth.

最初的25％分配可能只是一個起點。 DYDX社區已經在討論將回購分配增加到淨協議費用的100％的潛力。如果發生這種情況，代幣的循環下降將進一步提高網絡安全性。目的是鼓勵更廣泛地參與該平台，同時確保令牌仍然是該協議長期增長不可或缺的一部分。

Traders Look for Further Upward Movement Based on Technical Analysis

貿易商根據技術分析尋求進一步的向上移動

In addition to the basic psychology of the buyback program, some technical indicators also suggest that this upward trend may continue. The daily chart’s Relative Strength Index (RSI) shows a bullish divergence, meaning that while the price creates a lower low, the RSI sets a higher high. This is often interpreted as an early sign of a trend reversal. In addition, the MACD indicator just crossed bullish, providing another buy signal.

除了回購計劃的基本心理學外，一些技術指標還表明，這種上升趨勢可能會繼續。每日圖表的相對強度指數（RSI）顯示了看漲的分歧，這意味著雖然價格較低，但RSI卻設定了較高的高度。這通常被解釋為趨勢逆轉的早期跡象。此外，MACD指標剛剛跨越看漲，提供了另一個買信號。

If this momentum is sustained, the $DYDX price could rise toward the $0.84 resistance level and potentially retest the $1.00 weekly resistance.

如果這種勢頭持續下去，$ DYDX的價格可能會升至0.84美元的電阻水平，並可能重新測試$ 1.00的每週電阻。

New Beginnings for the Protocol: dYdX’s Buyback Program

協議的新開始：DYDX的回購計劃

The buyback plan doesn’t exist in a vacuum. The release comes alongside a major upgrade for dYdX with the launch of Spot Trading, Multi-Asset Margining, and EVM Support powered by IBC Eureka.

回購計劃不存在於真空中。該版本與IBC Eureka提供支持的現貨交易，多資產利潤率和EVM支持一起進行了DYDX的重大升級。

The next DeFi boom could start as early as September — and last for months — according to dYdX Foundation CEO Charles d’Haussy. This will all be happening as we enter a new phase of growth and maturity for the platform, with all token unlocks expected to end around June 2026. Recognizing the significance of this cross-chain bridge, the dYdX community proposed discontinuing its support as early as June 2025. This decision would lead to the removal of unbridged ethDYDX tokens from circulation, further constraining supply.

根據DYDX基金會首席執行官Charles D'Haussy的說法，下一個Defi Boom可能早在9月就開始了，並且持續了幾個月。當我們進入平台的新增長和成熟階段時，這一切都將發生，所有令牌預計將在2026年6月左右結束。認識到這座跨芝士橋的重要性，DYDX社區提議在2025年6月早些時候中止其支持。這一決定將導致無培養的Ethdydx Tokens的供應，進一步限制了供應，進一步約束。

dYdX was originally created on Ethereum in 2019 but has since developed its own Layer 1 solution using Cosmos, enhancing both speed and usability. Although the project has seen challenges over the years — including layoffs and a short-lived change in the role of CEO — dYdX has rebounded, continuing to innovate and cement its status as a top-tier decentralized exchange.

DYDX最初是在2019年在以太坊上創建的，但此後一直使用宇宙開發了自己的第一層解決方案，從而提高了速度和可用性。儘管多年來該項目遇到了挑戰，包括裁員和首席執行官的角色短暫變化，但DyDX反彈，繼續創新並鞏固其作為頂級分散交流的地位。