According to dYdX Foundation, on chain derivatives are clearing nearly 1 trillion dollars per month, and its December 2025 Analyst Call reviews year end market conditions, a dYdX protocol overview, and an update on DYDX token buybacks (source: dYdX Foundation, Dec 23, 2025). The agenda lists trading fee discounts and fee holidays for BTC and SOL, which directly change trading costs on dYdX for active markets (source: dYdX Foundation, Dec 23, 2025). Additional topics include BONK integration with dYdX, Solana spot trading, FOXIFY integration, a Crypto.com campaign, Surge Season 9, and an ecosystem map, with a guest segment featuring the President of dYdX Labs (source: dYdX Foundation, Dec 23, 2025). The call is hosted by dYdX Foundation CEO Charles dHaussy and also covers IRL events in Abu Dhabi and a Q and A segment (source: dYdX Foundation, Dec 23, 2025).

According to dYdX Foundation, Surge Season 9 is now live and includes free trading on BTC and SOL markets. Source: dYdX Foundation on X, Dec 17, 2025. According to dYdX Foundation, UI and API traders receive 50% fee rebates during this season. Source: dYdX Foundation on X, Dec 17, 2025. According to dYdX Foundation, the season introduces a 1 million dollar liquidation-rebate program intended to deepen participation. Source: dYdX Foundation on X, Dec 17, 2025. According to dYdX Foundation, Surge remains a governance-driven mechanism to scale activity, reward usage, and strengthen liquidity across dYdX, with live markets available at dydx.trade. Source: dYdX Foundation on X, Dec 17, 2025.