dYdX Updates 2025 Roadmap Amid Declining Earnings
The decentralized exchange dYdX has revised its 2025 roadmap, detailing plans to introduce a Telegram trading integration as it confronts diminishing earnings.
As per the updated roadmap, dYdX aims to implement a variety of software enhancements, which will include a partner fee share, scaling solutions, TWAP (Time-Weighted Average Price) orders, and designated proposers, all aimed at minimizing end-to-end trading latency.
Additionally, the DEX is set to launch Telegram-based trading in September, following its acquisition of Pocket Protector, a social trading application, in July. As a result of this acquisition, Pocket Protector’s co-founder Eddie Zhang has taken on the role of president at dYdX.
“It is critical for dYdX to strengthen its competitive positioning in order to increase market share and deliver long-term value to the community and ecosystem,” Zhang stated in the roadmap letter.
The DEX’s revenue has significantly decreased over the past year. According to DefiLlama, dYdX reported earnings of $3.2 million in Q2 2025, marking an 84% drop compared to $20.1 million during the same quarter in 2024.
As of Wednesday, its total value locked has declined to $312 million, down from $1.1 billion in October 2021. In October 2024, dYdX reduced its workforce by 35%, with the then-CEO suggesting a need for a new strategic direction.
dYdX has revealed that the partner fee share program will enable volume and liquidity contributors to earn up to 50% of the protocol fees. The scale and TWAP orders will provide traders with more execution options, allowing multiple limits across a price range and enabling large trades to be divided into smaller, timed intervals.
Moreover, the designated proposers feature is designed to reduce processing times by assigning specific validators, thereby cutting down latency.
The roadmap also emphasizes new user-focused features, such as social logins, direct USDC–DYDX swaps via an Osmosis integration, and customizable fee tiers that promise to lower trading fees.
Recent Trends in DeFi
The decentralized finance sector has become increasingly competitive in 2025. According to DefiLlama, the total TVL across all blockchains and ecosystems reached $158.2 billion on Thursday, up from $115.9 billion on January 1, reflecting a year-to-date increase of 36.5%.
Ethereum continues to be the leading blockchain for DeFi, accounting for $93.9 billion, which is 59.4% of the total on-chain value.
