DYDX启动了第一个$ DYDX回购计划，将令牌的价格提高了多达10％

周二，DYDX社区宣布了第一个$ DYDX回购计划，此举在整个分散的金融（DEFI）景观中引起了波浪

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社区已宣布启动其第一个$ DYDX回购计划，此举已经将令牌的价格提高了10％。截至周二上午，$ dydx的交易约为0.72美元。

Key Takeaways:

关键要点：

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

该计划将看到DYDX的25％的净协议费用，用于每月从公开市场上执行$ dydx代币回购。

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

财政部将管理回购的代币并将其屈服。

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

该倡议是在3月初进行社区投票之后，大多数用户投票支持启动该计划。

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.

社区还讨论将回购分配增加到100％净协议费用的潜力。如果发生这种情况，代币的循环下降将进一步提高网络安全性。目的是鼓励更广泛地参与该平台，同时确保令牌仍然是该协议长期增长不可或缺的一部分。

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％分配可能只是一个起点。 DYDX社区已经在讨论将回购分配增加到净协议费用的100％的潜力。如果发生这种情况，代币的循环下降将进一步提高网络安全性。目的是鼓励更广泛地参与该平台，同时确保令牌仍然是该协议长期增长不可或缺的一部分。

Traders Look for Further Upward Movement Based on Technical Analysis

贸易商根据技术分析寻求进一步的向上移动

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.

除了回购计划的基本心理学外，一些技术指标还表明，这种上升趋势可能会继续。每日图表的相对强度指数（RSI）显示了看涨的分歧，这意味着虽然价格较低，但RSI却设定了较高的高度。这通常被解释为趋势逆转的早期迹象。此外，MACD指标刚刚跨越看涨，提供了另一个买信号。

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

如果这种势头持续下去，$ DYDX的价格可能会升至0.84美元的电阻水平，并可能重新测试$ 1.00的每周电阻。

New Beginnings for the Protocol: dYdX’s Buyback Program

协议的新开始：DYDX的回购计划

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.

回购计划不存在于真空中。该版本与IBC Eureka提供支持的现货交易，多资产利润率和EVM支持一起进行了DYDX的重大升级。

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.

根据DYDX基金会首席执行官Charles D'Haussy的说法，下一个Defi Boom可能早在9月就开始了，并且持续了几个月。当我们进入平台的新增长和成熟阶段时，这一切都将发生，所有令牌预计将在2026年6月左右结束。认识到这座跨芝士桥的重要性，DYDX社区提议在2025年6月早些时候中止其支持。这一决定将导致无培养的Ethdydx Tokens的供应，进一步限制了供应，进一步约束。

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年在以太坊上创建的，但此后一直使用宇宙开发了自己的第一层解决方案，从而提高了速度和可用性。尽管多年来该项目遇到了挑战，包括裁员和首席执行官的角色短暂变化，但DyDX反弹，继续创新并巩固其作为顶级分散交流的地位。