dYdX
Coverage of dYdX in the Nexus archive.
- Pyth unveils continuous pricing indexes for US stocks and commodities
Pyth has launched continuous pricing indexes for US stocks, gold, and oil, which are being adopted by Coinbase, Kraken, and dYdX. These indexes provide pricing data outside regular market hours.
- Compared fee revenue across the top 8 perp DEXs last month and the gap between Hyperliquid and everyone else is actually insane.
Analysis of fee revenue across top 8 perpetual DEXs shows Hyperliquid generating nearly 3x the fees of dYdX despite similar TVL, indicating higher per-user trading activity. Vertex shows the highest fee-to-TVL efficiency ratio at 2.35%, while GMX's low 0.50% ratio raises concerns about its revenue sustainability.
- Everyone's pricing Warsh as the dovish pivot, but the Fed just had its most divided FOMC vote since 1992
The April FOMC meeting was the most divided since 1992 (8-4 split), with three governors opposing easing-bias language, contradicting market expectations of a dovish pivot under Jerome Powell's successor, Lorie Logan Warsh. Warsh's historical hawkish stance, his sophisticated VC LP crypto exposure (not personal holdings), and Powell's continued Board presence suggest a slower path to rate cuts than priced by markets.
- Philippines SEC warns on dYdX, six other unauthorized crypto platforms
The Philippines Securities and Exchange Commission (SEC) has warned against dYdX and six other unauthorized crypto platforms, with promoters facing fines up to 5 million pesos or 21 years in prison under Philippine securities law.