DeFi Platform dYdX To Launch Telegram Trading in Strategic Update

2025/08/30 01:36

TLDR

  • dYdX plans Telegram-based trading starting in September to boost user engagement.
  • The platform plans software upgrades including partner fee shares and faster trading options.

  • dYdX’s earnings have slid 84% in Q2 2025, signaling challenges despite ambitious updates.

  • The addition of Telegram trading could help dYdX strengthen its competitive position in DeFi.


Decentralized exchange dYdX has outlined plans to launch a Telegram-based trading feature in its updated 2025 roadmap. This decision comes at a time when the platform is experiencing declining earnings. The new feature, set to roll out in September, follows the acquisition of the social trading app, Pocket Protector.

The move aligns with dYdX’s strategy to tap into Telegram’s massive user base, allowing traders to engage with perpetual swaps directly within the messaging app. This addition reflects a broader trend of decentralized exchanges (DEXs) diversifying their platforms to attract more users. Eddie Zhang, co-founder of Pocket Protector, has joined dYdX as president, emphasizing the importance of strengthening the platform’s position in the competitive DeFi landscape.

dYdX Roadmap: Focus on Latency, User Experience, and Fees

Alongside the Telegram integration, dYdX’s updated roadmap introduces a range of upgrades aimed at reducing trading latency and enhancing user experience. Key additions include a partner fee share program, which will allow partners contributing to liquidity and volume to earn up to 50% of the protocol fees. Additionally, dYdX is introducing new order types such as Scale and TWAP (Time-Weighted Average Price) to offer users more control over their trades.

The new features are designed to increase dYdX’s efficiency and user engagement. By improving speed and execution options, the platform aims to offer a more robust experience for traders. Furthermore, the platform will introduce social logins, which could simplify the onboarding process for new users by eliminating the need for seed phrases.

dYdX Faces Earnings Slide Amid Market Challenges

Despite launching an ambitious roadmap, dYdX has faced significant financial challenges. The platform reported earnings of just $3.2 million for the second quarter of 2025, marking an 84% decline from the $20.1 million it earned in Q2 of 2024. The platform’s total value locked (TVL) also dropped from $1.1 billion in 2021 to just $312 million by mid-2025.

These earnings challenges are partly attributed to increased competition in the DeFi space and the rising complexity of crypto markets.

Last year, dYdX laid off 35% of its workforce, indicating the need to pivot and adapt to the evolving market dynamics. Despite these setbacks, the platform’s plans for product expansion and new user engagement strategies may help revitalize its position in the DeFi space.

Strategic Shift: dYdX’s Push Into Social Trading and Mobile-First Features

In response to market changes and user demands, dYdX is placing a strong emphasis on social trading and mobile-first features. The platform has made notable strides with its acquisition of Pocket Protector, a social trading app. This acquisition is central to dYdX’s goal of integrating social features directly into the trading experience.

The upcoming Telegram integration will allow users to trade directly within the app, providing a seamless experience across both social and trading platforms.

This shift is part of a broader strategy to attract a wider audience by making decentralized trading more accessible and integrated with everyday communication tools. As more users gravitate toward platforms offering simplified and mobile-accessible trading experiences, dYdX is positioning itself as a forward-thinking player in the DeFi market.

The post DeFi Platform dYdX To Launch Telegram Trading in Strategic Update appeared first on CoinCentral.

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
Share Insights

You May Also Like

Sol Strategies Files for Nasdaq Listing as SOL Holdings Exceed 420,000

Sol Strategies Files for Nasdaq Listing as SOL Holdings Exceed 420,000

Canadian digital asset firm Sol Strategies has filed for listing on the Nasdaq Capital Market amid its US market expansion strategy. Key Takeaways: Sol Strategies has filed to list on Nasdaq under the ticker “STKE” as part of its U.S. expansion. The firm holds over 420,000 SOL tokens and is positioning itself as a blockchain-focused investment vehicle. Sol Strategies will follow Canadian governance standards and remain exempt from certain US rules. The company, which currently trades on the Canadian Securities Exchange (CSE), aims to have its common shares listed under the ticker “STKE” on Nasdaq, according to a Form 40-F registration statement filed with the U.S. Securities and Exchange Commission. The listing comes as Sol Strategies reveals it holds over 420,000 SOL tokens, which makes the firm one of the more prominent institutional holders of Solana’s native asset. Source: SEC Sol Strategies Eyes Growth as Digital Asset Investment Vehicle Sol Strategies is positioning itself as a digital asset investment vehicle with a focus on emerging blockchain technologies. In its filing, the company cited expectations of further growth driven by Solana’s growing market share in asset tokenization and the digital asset infrastructure landscape. The company also revealed it has 172.2 million common shares outstanding, along with a range of convertible securities—including over 12 million warrants and 5.3 million stock options. These figures point to a potentially active capitalization table, should investor interest pick up following a successful U.S. listing. Sol Strategies qualifies as a “foreign private issuer” under SEC rules, which exempts it from certain U.S. regulatory requirements, including proxy solicitation rules and Section 16 filings. It intends to continue following Canadian governance practices under the CSE framework, which differ in several ways from U.S. standards. For instance, its board does not require a majority of independent directors, and it does not maintain separate nominating or compensation committees as mandated by Nasdaq for domestic issuers. Despite the listing ambitions, the firm acknowledged a range of risks, including the evolving nature of crypto regulation, potential volatility in digital asset prices, and the uncertainty surrounding classification of certain tokens under securities laws. SOL Strategies Files $1B Shelf Prospectus for Future Growth In May, SOL Strategies filed a preliminary shelf prospectus in Canada on May 27, aiming to raise up to $1 billion . While the company has no immediate fundraising plans, the filing is a strategic move to create financing flexibility as it targets expansion within the Solana ecosystem. Once approved, the shelf will allow SOL Strategies to offer a mix of securities, ranging from common shares to debt instruments, over time without re-filing for each issuance. In April, the company also secured a $500 million convertible note facility from ATW Partners in April. Proceeds will be used to acquire and stake SOL tokens on SOL Strategies’ own validators. The notes are interest-bearing in SOL and performance-linked, aligning the firm’s capital strategy with Solana’s staking economy. In another development, SOL Strategies has signed an MOU with Superstate to explore issuing tokenized company shares on the Solana blockchain. The initiative, still subject to regulatory review, would mark one of the first attempts to move public equity on-chain.
Share
CryptoNews2025/06/19 14:29
Share