dYdX Ignites Deflation Engine with $15.7M Token Burn
2025-07-19 16:26:02
Main Idea
dYdX's Rewards Treasury burned 24.066 million DYDX tokens worth $15.7 million, continuing its deflationary strategy, while also using protocol fees to buy back and stake tokens to strengthen network security.
Key Points
1. dYdX burned 24.066 million DYDX tokens ($15.7 million), bringing the total burned to 123 million DYDX ($79.42 million).
2. The dYdX Chain has used $1.88 million in protocol fees to buy back and stake 2.87 million DYDX tokens since March.
3. The burn and buyback-stake strategy aims to reduce circulating supply, strengthen network security, and demonstrate disciplined treasury management.
4. Market observers view the move as a significant deflationary milestone and a strong tokenomic action in the DeFi space.
5. The total burned tokens represent over 12% of the max supply of 1 billion DYDX.
Description
dYdX’s Rewards Treasury is back in action. After nearly four months of silence, it just incinerated 24.066 million DYDX tokens. That equals roughly $15.7 million. The transaction hit Etherscan at 13:13 UTC today. So far, the burn tally sits at 123 million DYDX—about $79.42 million removed from circulation. This ritual isn’t random. It’s a core piece of dYdX’s deflationary playbook. Since March, the Rewards Treasury wallet lay quiet. No burns. No transfers. Just waiting. Now, in one decisive move...
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