The $20 million dYdX transaction initiated by Chaos Labs was launched in the third quarter, and the transaction volume increased by 245% in the secon

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Cointime2024/02/26 05:22

By:Cointime

The second season of the $20 million dYdX trading incentive program initiated by blockchain security organization Chaos Labs has ended, and the third season has officially launched.

According to the end-of-season report for the second season, the trading volume of dYdX Chain in 39 real-time markets has exceeded $33 billion. This is a 245% increase compared to the first season. There were more than 3,200 participants in the trading, an increase of over 41% from the first season.

In addition, driven by the incentive program, the TVL of the dYdX Chain has increased to about $57 million. The fluctuation of the funding rates in most major markets is relatively stable, indicating that the maturity of the market has been improved.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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