Decentralized exchange dYdX has revised its 2025 roadmap, detailing plans to introduce a Telegram trading integration as the platform navigates decreasing earnings.
As per the roadmap, dYdX intends to implement a range of software enhancements, including a partner fee sharing, scaling, TWAP orders, and designated proposers, aimed at minimizing end-to-end trading latency.
Additionally, the DEX plans to roll out Telegram-based trading in September, following its acquisition of Pocket Protector, a social trading app, in July. As a result of this deal, Pocket Protector co-founder Eddie Zhang has taken on the role of president at dYdX.
“It is vital for dYdX to fortify its competitive stance to boost market share and provide long-term value to the community and ecosystem,” Zhang expressed in the roadmap letter.
The income of the DEX has notably decreased over the past year. According to DefiLlama, dYdX reported earnings of $3.2 million in Q2 2025, reflecting an 84% drop compared to the equivalent period in 2024, when it earned $20.1 million.
Income statement for dYdX. Source: DefiLlama
Its total value locked has plummeted to $312 million as of Wednesday, down from $1.1 billion in October 2021. Last October, dYdX cut 35% of its workforce, with its then-CEO signaling the necessity for a new strategy.
dYdX focuses on incentives, efficiency, and user experience in update
According to dYdX, the partner fee share initiative will enable volume and liquidity contributors to earn up to 50% of protocol fees. Scaling and TWAP orders are designed to give traders more execution choices, allowing multiple limits across a price spectrum and dividing large trades into smaller timed segments.
In the meantime, the designated proposers feature is expected to reduce processing times by assigning specific validators and minimizing latency.
The roadmap also emphasizes new user-centric functionalities, including social logins, direct USDC–DYDX swaps via an Osmosis integration, and customizable fee tiers aimed at lowering trading costs.
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DeFi momentum increases in 2025
The decentralized finance landscape has gained traction in 2025. According to DefiLlama, the total TVL across all blockchains and ecosystems reached $158.2 billion on Thursday, rising from $115.9 billion on January 1, marking a 36.5% increase year-to-date.
Ethereum continues to be the leading blockchain for DeFi, accounting for $93.9 billion or 59.4% of the total value on chain.
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