dYdX Foundation Hosts Analyst Call with 21Shares: Highlights

dYdX Foundation
Sep 24, 2025

Zug, Switzerland., September X, 2025 — The dYdX Foundation recently hosted its inaugural analyst call together with 21Shares, highlighting protocol performance, expanding institutional adoption, and a forward-looking roadmap.

Key Highlights (as of September 10, 2025)

The Foundation outlined several upcoming initiatives aimed at expanding adoption through 2026, including the launch of spot trading, the introduction of Telegram-based trading, the rollout of RWA perpetuals, simplified onboarding through social logins, and one-click buy-and-stake functionality.

The analyst call also emphasised the recent launch of the 21Shares DYDX ETP, the first listed product to provide regulated exposure to DYDX. As a 100% physically backed product, it requires custody of underlying tokens, reducing circulating supply while enabling institutional allocators to gain exposure through familiar, regulated structures. The ETP highlights the maturity of DeFi assets as investable products, following a trajectory similar to Bitcoin and Ethereum ETPs.

The call also went into dYdX’s distinctive design, which combines a validator-hosted orderbook with low-latency execution and decentralised resilience, rewards distributed entirely in USDC rather than inflationary emissions, and a systematic buyback program that reinforces token value. In addition, protocol improvements such as designated proposers and the order-entry gateway are expected to deliver a CEX-like trading experience, strengthening performance and ensuring long-term competitiveness.

Strategic initiatives highlighted include the $20 million dYdX Surge Incentive Program and an integration with Crypto.com’s on-chain wallet, extending the protocol’s potential reach to over one million users. 

The analyst call concluded with a clear outlook: dYdX is consolidating leadership in decentralised derivatives while building institutional bridges. With sustainable tokenomics, institutional-grade integrations, and a robust retail expansion roadmap, dYdX enters 2026 as one of the best-positioned protocols in global DeFi.

Charles d’Haussy, CEO of the dYdX Foundation, noted:‍

Crossing $1.5 trillion in trading volume demonstrates how decentralized infrastructure is no longer experimental, but essential. As derivatives dominate global markets, dYdX is showing how this activity can migrate on-chain in a way that is transparent, capital-efficient, and institution-ready.

Maximiliaan Michielsen, Investment Strategist at 21Shares commented:

Decentralized derivatives are now at the very center of crypto activity, consistently exceeding $100 billion in weekly on-chain volumes. With the launch of the 21Shares DYDX ETP, we are bridging one of the fastest-growing segments of DeFi with traditional markets through a transparent, regulated, and investor-friendly structure.

About dYdX Foundation

The dYdX Foundation is an independent not-for-profit foundation headquartered in Zug, Switzerland. The Foundation’s purpose is to support the current implementation and any future implementations of the dYdX protocol, and to foster community-driven growth in the dYdX ecosystem.

About the 21Shares dYdX ETP
The 21Shares dYdX ETP is 100% physically backed and tracks the performance of DYDX, giving investors regulated exposure to one of the leading decentralized exchanges offering perpetual futures.

Disclaimer: This press release contains forward-looking statements based on current expectations and assumptions. Actual results may differ materially due to risks and uncertainties. The Foundation undertakes no obligation to update any forward-looking statements.

About the dYdX Foundation

Legitimacy and Disclaimer

Crypto-assets can be highly volatile and trading crypto-assets involves risk of loss, particularly when using leverage. Investment into crypto-assets may not be regulated and may not be adequate for retail investors. Do your own research and due diligence before engaging in any activity involving crypto-assets.

dYdX is a decentralised, disintermediated and permissionless protocol, and is not available in the U.S. or to U.S. persons as well as in other restricted jurisdictions. The dYdX Foundation does not operate or participate in the operation of any component of the dYdX Chain's infrastructure.

The dYdX Foundation’s purpose is to support the current implementation and any future implementations of the dYdX protocol and to foster community-driven growth in the dYdX ecosystem.

The dYdX Chain software (including dYdX Unlimited) is open-source software to be used or implemented by any party in accordance with the applicable license. At no time should the dYdX Chain and/or its software or related components (including dYdX Unlimited) be deemed to be a product or service provided or made available in any way by the dYdX Foundation. Interactions with the dYdX Chain software (including dYdX Unlimited) or any implementation thereof are permissionless and disintermediated, subject to the terms of the applicable licenses and code. Users who interact with the dYdX Chain software, i ncluding dYdX Unlimited (or any implementations thereof) will not be interacting with the dYdX Foundation in any way whatsoever. The dYdX Foundation does not make any representations, warranties or covenants in connection with the dYdX Chain software (or any implementations and/or components thereof, including dYdX Unlimited), including (without limitation) with regard to their technical properties or performance, as well as their actual or potential usefulness or suitability for any particular purpose, and users agree to rely on the dYdX Chain software (or any implementations and/or components thereof, including dYdX Unlimited) “AS IS, WHERE IS”.

Nothing in this post should be used or considered as legal, financial, tax, or any other advice, nor as an instruction or invitation to act by anyone.  Users should conduct their own research and due diligence before making any decisions.  The dYdX Foundation may alter or update any information in this post in the future at its sole discretion and assumes no obligation to publicly disclose any such change. This post is solely based on the information available to the dYdX Foundation at the time it was published and should only be read and taken into consideration at the time it was published and on the basis of the circumstances that surrounded it. The dYdX Foundation makes no guarantees of future performance and is under no obligation to undertake any of the activities contemplated herein.

Depositing into the MegaVault carries risks. Do your own research and make sure to understand the risks before depositing funds. MegaVault returns are not guaranteed and may fluctuate over time depending on multiple factors. MegaVault returns may be negative and you may lose your entire investment.The dYdX Foundation does not operate or has control over the MegaVault and has not been involved in the development, deployment and operation of  any component of the dYdX Unlimited software (including the MegaVault).

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