The decentralized exchange dYdX has revised its 2025 roadmap, detailing plans for a Telegram trading integration as the platform navigates declining revenues.
As per the roadmap, dYdX intends to implement a series of software enhancements, including a partner fee share, scalability improvements, TWAP orders, and designated proposers, with a focus on minimizing end-to-end trading latency.
Additionally, the DEX plans to introduce Telegram-based trading in September, made possible by its July acquisition of Pocket Protector, a social trading application. Following the acquisition, Pocket Protector co-founder Eddie Zhang took on the role of president at dYdX.
“It is vital for dYdX to bolster its competitive standing to increase market share and provide long-term value to the community and ecosystem,” Zhang stated in the roadmap update.
The DEX’s revenue has significantly declined over the past year. According to DefiLlama, dYdX reported earnings of $3.2 million in Q2 2025, an 84% drop from the same quarter in 2024, when it earned $20.1 million.
Total value locked has decreased to $312 million as of Wednesday, down from $1.1 billion in October 2021. In October 2024, dYdX reduced its workforce by 35%, with its then-CEO indicating the need for a strategic shift.
dYdX focuses on incentives, efficiency, and user experience in update
dYdX has outlined that the partner fee sharing program will allow participants contributing to volume and liquidity to earn up to 50% of protocol fees. The scale and TWAP orders are designed to give traders additional execution options, facilitating multiple limits across a price range and breaking down larger trades into smaller, timed segments.
In addition, the designated proposers functionality aims to enhance processing times by assigning specific validators and lowering latency.
The roadmap also emphasizes new user-friendly features, such as social logins, direct USDC–DYDX swaps through an Osmosis integration, and customizable fee tiers that promise decreased trading costs.
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DeFi gains momentum in 2025
The decentralized finance sector has gained traction in 2025. As per DefiLlama, the total TVL across all blockchains and ecosystems surged to $158.2 billion on Thursday, up from $115.9 billion on January 1, marking a 36.5% increase year-to-date.
Ethereum continues to be the leading blockchain for DeFi, representing $93.9 billion or 59.4% of the total on-chain value.
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