dYdX

VENOM

Spot

The price of dYdX (DYDX) soared by almost 11% within minutes after the reveal of its inaugural buyback program, peaking at $0.76 before stabilizing around $0.7124— reflecting a 7.38% increase over the past 24 hours.&nbsp; 
The announcement fueled a dramatic rise in trading activity, with the 24-hour trading volume surging 270.84% to $41.1 million. As a result, dYdX’s market capitalization has reached approximately $542.67 million.&nbsp;&nbsp; 
<div class="wp-block-image"> 
 <figure class="aligncenter size-full">
 <img loading="lazy" decoding="async" width="860" height="389" src="https://www.cryptotimes.io/wp-content/uploads/2025/03/dydx-price-chart.png" alt="dydx price chart" class="wp-image-247849" title="dYdX Soars Nearly 11% After Buyback Program Announcement 12">
 <figcaption class="wp-element-caption">
 Source: <a href="https://in.tradingview.com/chart/?symbol=BINANCE%3ADYDXUSDT" target="_blank" rel="noreferrer noopener nofollow">TradingView</a>
 </figcaption>
 </figure>
</div> 
The newly <a href="https://www.cryptotimes.io/2025/03/24/dydx-launches-1st-dydx-buyback-program-to-boost-token-value/" target="_blank" rel="noreferrer noopener">introduced buyback program</a> will dedicate 25% of the protocol’s net fees to repurchasing DYDX tokens directly from the open market. These repurchased tokens will then be staked to enhance network security, which could also reduce the circulating supply over time.&nbsp; 
This breakthrough comes alongside significant strides for dYdX. The platform is introducing substantial upgrades, such as Spot Trading, Multi-Asset Margining, and EVM compatibility, all crafted to pull in more users and heighten trading activity. Over the past year, dYdX has managed an remarkable $270 billion in trading volume, elevating its lifetime total to a striking $1.46 trillion.&nbsp;&nbsp; 
At the same time, the broader crypto market is riding a wave of optimism, with the total market capitalization increasing by 3.34% to $2.87 trillion in the last 24 hours. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2025/03/24/venom-surges-26-ahead-of-59m-tokens-to-unlock-tomorrow/" target="_blank" rel="noreferrer noopener">VENOM surges 26% ahead of 59M Tokens to Unlock Tomorrow</a> 
</blockquote>

dYdX Soars Nearly 11% After Buyback Program Announcement

The Crypto Times

Outros artigos publicados em 24 de mar. de 2025

AI Token Market Soars with 11% Growth in 24 Hours

Second Biggest Shiba Inu (SHIB) Wallet Sees Mysterious Transfers

Top Bitcoin Critic Reveals 'Only Scenario' Where Crypto Doesn't Crash

Solana ETF Speculation Grows as Trump Declares Crypto Strategic Reserve, But This Coin Will Make ...

23,500 Holders Flock to Qubetics’ 669% ROI Potential – The Next Crypto to Explode as Arweave and ...

Hopeful Surge: Crypto Investment Products Attract $644M Inflows, Ending 5-Week Outflow Winter

Receba nossa newsletter para saber diariamente as novidades das criptomoedas!