According to dYdX Foundation, the organization has announced Surge, a new initiative aimed at helping users explore active trading markets. This platform is designed to enhance market accessibility and provide tools for traders to interact seamlessly within the ecosystem. The move aligns with dYdX's commitment to fostering decentralized finance (DeFi) through innovative solutions.

According to @dydxfoundation, the dYdX Surge trading competition has entered its 11th season, focusing on rewarding traders with consistent, high-quality activities. Featuring transparent, on-chain scoring and monthly independent seasons, Surge aims to incentivize traders who contribute significant value to the market through governance-driven mechanisms.

According to dYdX Foundation, an on-chain vote has been initiated to determine whether the community should approve the winding down of 10 inactive markets, including SAGA, NC, BOME, B3, BABYDOGE, SOPH, MICHI, NIL, AR, and XAI. This decision could streamline trading options on the platform and optimize resource allocation. The vote will conclude on February 25, 2026, at 13:19 UTC.

According to @dydxfoundation, an on-chain vote has been initiated to decide whether the current 100% fee discount for BTC-USD and BONK-USD perpetual markets on dYdX should be extended through March 2026. This proposal, if approved, would continue offering free trading for these markets, potentially driving increased trading volume and user engagement. Traders are encouraged to participate in the vote before the deadline on February 25, 2026.

According to @dydxfoundation, dYdX is expanding its distribution network through ecosystem-native partnerships, such as its recent integration with BONK. This collaboration embeds perpetual liquidity within existing trading environments, strengthens market access, and aligns incentives with a BONK DAO fee-sharing model. The initiative aims to create new trading opportunities while maintaining efficient execution.

According to @dydxfoundation, Numia has been a critical data provider for the dYdX platform since the v4 launch. One of the major challenges faced was the mempool, which contains significantly more transaction data than what gets settled on-chain, most of which is noise. Numia engineered real-time infrastructure, including advanced hardware, storage, and processing systems, to filter the noise and extract actionable signals, enabling more efficient trading operations.

According to @dydxfoundation, an on-chain governance vote has been initiated to determine whether the dYdX community should approve the distribution of rewards to qualifying users for Season 10 of the Surge Program. This proposal highlights the platform's commitment to decentralized decision-making and user engagement. Traders and stakeholders are encouraged to participate in the vote before it concludes on February 12, 2026.

According to dYdX Foundation on X and the linked dYdX governance forum post and Mintscan proposal page (Proposal 343), an on-chain vote has been created asking whether the community should approve reducing subticks per tick (and therefore tick size) for selected CLOB trading pairs, using current on-chain/indexer values as the baseline, with voting scheduled to end on Feb 6, 2026 at 19:06 UTC. According to the same sources, if approved, the change would adjust tick-size parameters for certain markets on the dYdX CLOB, so traders should monitor the proposal outcome and prepare for updated minimum price increments and order placement precision on affected pairs.

According to dYdX Foundation, it will host its February Analyst Call on the 23rd featuring Adaptive Frontier, a quantitative trading and liquidity provision firm focused on digital asset markets. According to dYdX Foundation, the session will focus on the evolution of liquidity provision in digital asset markets, highlighting a practitioner perspective from a dedicated liquidity provider. According to dYdX Foundation, this event is positioned around liquidity provisioning themes relevant to the DYDX ecosystem and decentralized exchanges.

According to dYdX Foundation, Surge Season 10 incentives included a 50% fee rebate for UI and API traders, fee holidays on select markets, and a Loss Rebate Pilot Program. According to dYdX Foundation, rewards from December's Trading Leagues are claimable via the dYdX frontend, with the claim window closing in January.

According to @dydxfoundation, the dYdX Foundation has published its December 2025 Grants Program Community Update, providing transparency on grant execution, capital stewardship, and ecosystem priorities for the year ahead. Source: dYdX Foundation via X, Jan 19, 2026, https://twitter.com/dydxfoundation/status/2013142388878037476 For traders monitoring DYDX, the update serves as the primary source to review stated grants execution and ecosystem priorities that frame funding focus areas and builder support in 2026. Source: dYdX Foundation via X, Jan 19, 2026, https://twitter.com/dydxfoundation/status/2013142388878037476

According to dYdX Foundation, the dYdX community has passed Governance Proposal 337 to add order router revenue share eligibility for Coinner, source: twitter.com/dydxfoundation/status/2013091477497229715; mintscan.io/dydx/proposals/337. On-chain records list the proposal status as Passed on dYdX Chain, confirming Coinner’s inclusion in the revenue share program, source: mintscan.io/dydx/proposals/337. Under dYdX Chain’s fee-sharing framework, approved order routers receive a share of trading fees for orders they route, making Coinner eligible to receive revenue from routed flow after this vote, source: docs.dydx.exchange; forum.dydx.community. Trading takeaway: routing via Coinner will now direct the designated revenue share to Coinner under network rules, aligning router selection with fee distribution across dYdX markets, source: mintscan.io/dydx/proposals/337; docs.dydx.exchange.

According to @charlesdhaussy, the dYdX Foundation announced that the Monthly Analyst Call returns on Jan 20 with Wintermute as special guest to discuss a market maker perspective on perpetuals, liquidity, and onchain market structure, source: dYdX Foundation on X post dated Jan 16 and @charlesdhaussy on X. Traders focused on DYDX perpetuals and on-chain derivatives can RSVP at luma.com/fud6tztg to join the session and hear directly from a leading market maker, source: dYdX Foundation on X post dated Jan 16. The session explicitly centers on perpetuals, liquidity, and onchain market structure, making it directly relevant to execution quality and liquidity conditions on dYdX markets, source: dYdX Foundation on X post dated Jan 16.

According to @dydxfoundation, the dYdX Monthly Analyst Call returns on Jan 20 with @wintermute_t as a special guest to discuss perpetuals, liquidity, and onchain market structure; this is directly relevant for derivatives traders tracking perps market microstructure on dYdX and other onchain venues. Source: twitter.com/dydxfoundation/status/2012109094950436908 Participants can RSVP via the official link shared by @dydxfoundation at luma.com/fud6tztg for access to the market maker’s perspective. Source: twitter.com/dydxfoundation/status/2012109094950436908 The session is positioned to provide a market maker’s perspective specifically on perpetuals, liquidity conditions, and onchain market structure that active traders can apply to execution and risk considerations. Source: twitter.com/dydxfoundation/status/2012109094950436908

According to @charlesdhaussy on X, dYdX’s cumulative trading volume crossed $1.55 trillion, Q4 trading volume peaked at $34.3 billion, the platform scaled to 386 markets, and token holders increased 85% to 98,000. According to @charlesdhaussy on X, a tokenomics reset includes an 8.46 million DYDX buyback.

According to dYdX Foundation, 2025 marked a shift toward more durable participation as liquidity, execution quality, and incentives increasingly reinforced one another, signaling a trading-focused emphasis on depth and fill reliability for market participants (Source: dYdX Foundation tweet, Jan 15, 2026; ecosystem.report/dydx). The organization states that its full report details structural changes positioning dYdX heading into 2026, which is relevant for traders evaluating DYDX exposure and venue selection on derivatives DEXs (Source: dYdX Foundation tweet, Jan 15, 2026; ecosystem.report/dydx). Traders are directed to the full report to evaluate how the updated incentive design and execution-quality focus may affect trading conditions on dYdX in 2026 (Source: dYdX Foundation tweet, Jan 15, 2026; ecosystem.report/dydx).

According to @dydxfoundation, targeted incentives like Fee Holidays produced 2-3x trading volume increases on core markets, source: dYdX Foundation on X, Jan 15, 2026. The foundation also stated that dYdX Surge and Trading Leagues were designed to reward sustained, high-quality participation, source: dYdX Foundation on X, Jan 15, 2026. These reported outcomes indicate program periods have coincided with elevated activity on core markets, which is relevant for traders timing execution and liquidity needs, source: dYdX Foundation on X, Jan 15, 2026.

According to dYdX Foundation, distribution broadened through ecosystem-aligned channels and the affiliate program remained a meaningful source of flow, contributing approximately $17 billion in trading volume in 2025—source: dYdX Foundation on X, Jan 15, 2026. For traders, this confirms that affiliate-driven order flow was a significant component of dYdX (DYDX) market activity in 2025—source: dYdX Foundation on X, Jan 15, 2026.

According to dYdX Foundation, native Solana (SOL) spot trading is now live on dYdX, enabling integrated spot and perps workflows on the platform as of Jan 15, 2026 (source: dYdX Foundation). The announcement confirms that spot and perpetuals can be managed together on dYdX (source: dYdX Foundation).

According to dYdX Foundation, dYdX’s cumulative all-time trading volume surpassed $1.55 trillion, per its X post on Jan 15, 2026: https://twitter.com/dydxfoundation/status/2011801632153964547. Q4 2025 activity reached about $34.3 billion versus roughly $16 billion in Q2 2025, making Q4 the strongest quarter of the year and reflecting an approximately 114% rebound, per the same source: https://twitter.com/dydxfoundation/status/2011801632153964547. The post describes 2025 as a reset-then-reacceleration period typical of maturing markets, per dYdX Foundation: https://twitter.com/dydxfoundation/status/2011801632153964547.