dYdX Protocol Revenue
Track how dYdX protocol revenue flows to ETHDYDX holders through fees, buybacks, and value accrual mechanisms.
Produced by Tokenomics.com in collaboration with BlackTokenomics.
Track how dYdX protocol revenue flows to ETHDYDX holders through fees, buybacks, and value accrual mechanisms.
Key questions and answers about dYdX revenue, fees, and token value accrual
dYdX generated $97.3M in gross revenue from Nov 2023 to Apr 2026 (883 days), with $97.3M retained as net revenue. $62.9M accrued to ETHDYDX token holders.
This averages $$110.2K in daily gross revenue across the tracked period.
No, dYdX does not currently burn ETHDYDX tokens. The protocol does not employ a buy-back-and-burn or direct token burn mechanism.
The protocol generates fees from user activity, with a portion distributed back to ETHDYDX holders.
Read our deep dive: dYdX tokenomics analysis.
In 2026, dYdX generated $1.1M in gross revenue. Of that, $1.1M was distributed to token holders.
Year-by-year revenue breakdown:
dYdX's gross revenue has decreased by 60.1% over the past 90 days compared to the prior 90-day period, from $2.4M to $958.3K.
