Trading volumes on dYdX trended upward even though the total value of tokens locked on the platform fell in 2022 — dropping to aboutafter peaking at 1.1 billion in October 2021. This suggests that dYdX's users remained active and continued to use the platform.
Despite strong fundamentals, the inflation of dYdX native tokens had emerged as a source of concern among speculators. This stemmed from the team's plan to release 150 million tokens, valued at more than $280 million, to investors and employees in February 2023. This would have doubled the current supply, with more tokens to be unlocked in the following months. Last week, the dYdX team
Fundamentals look good on this one— a rare win these days!
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