dYdX 基金会：协议指标和 2026 年之路

dYdX 基金会分析师电话会议概述，重点介绍协议性能、代币指标以及直至 2026 年的战略路线图。

dYdX Foundation: Protocol Metrics and the Road to 2026

dYdX 基金会：协议指标和 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 基金会正在向前推进，让每个人都能一睹他们的进展和统治世界的计划（当然是在去中心化衍生品领域！）。让我们直接深入了解 2025 年 10 月分析师电话会议的最新更新。

Key Takeaways from the Analyst Call

分析师电话会议的主要要点

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 基金会与 dYdX Labs 于 2025 年 10 月举办了一次分析师电话会议，概述了该协议令人印象深刻的表现和未来战略。 Charles d'Haussy（dYdX 基金会首席执行官）和 Eddie Zhu（dYdX 实验室总裁）到场出席。这次电话会议强调了一些有趣的内容，包括新交易功能的更新以及令人兴奋（是的，令人兴奋！）的美国市场扩张。基本上，dYdX 正在升级。

dYdX Chain: Leading the Decentralized Charge

dYdX Chain：引领去中心化浪潮

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 继续展现其实力，所有版本的生命周期交易量均超过 1.52 万亿美元。这是一个严重的数字！自推出以来，该链已产生超过 6200 万美元的费用，其中近 5000 万美元返还给 USDC 的质押者。该社区正在不断发展，过去一个月有近 10,000 名新代币持有者加入，使总数超过 92,000 人。

Tokenomics and Community Engagement

代币经济学和社区参与

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 代币仍然是生态系统的核心，拥有超过 2.4 亿个代币。 DAO 批准的回购计划已经回购了超过 530 万个代币，并计划进行更多回购。为什么？当然是为了促进社区活动和链安全。 d'Haussy 表示，dYdX 是寻求加密货币市场投资的投资者的首选。

Roadmap to 2026: Performance and Innovation

2026 年路线图：绩效和创新

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.

张艾迪公布了更新后的路线图，重点是深化流动性、扩大资产覆盖范围、让交易体验更加顺畅。这包括对绩效和机构级创新的关注。 dYdX 旨在使去中心化交易快速、公平且对所有人开放。现货市场和基于 Telegram 的交易即将推出，零售用户甚至现实世界资产永续合约的登录也将得到简化。

Final Thoughts: dYdX is Ready for Lift-Off

最后的想法：dYdX 已准备好起飞

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!

凭借不断增长的产品套件、全球合作伙伴关系和成熟的治理模式，dYdX 正在为持续增长做好准备。 2026 年路线图旨在将事情提升到一个新的水平。伙计们，请密切关注这个空间。看起来 dYdX 才刚刚起步，他们已经准备好撼动 DeFi 世界。这将是一次疯狂的旅程！