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dYdX Tokenomics: Understanding everything about the distribution and the jacket calendar
dydx tokenomics is based on a precise distribution structure and a jacket . At the end of April 2025, around 76.5 % of the maximum offer of 1 billion tokens DYDX is already in circulation. Let us analyze the key data together to understand the economic functioning of the dYdX . To have a detailed vision of the services offered by the platform, we invite you to visit our review of the dYdX .
Table of contents
dYdX tokenomics: overview of the distribution of tokens
The initial distribution of the token DYDX is divided between several main categories:
- Investors : 27.7 %, or about 277.3 million tokens
- Founders, employees, advisers : 15.3 %, or about 152.7 million
- Trading awards : 9.3 %, or around 93.3 million
- Future employees : 7.0 %, or 70 million
- Retroactive awards (mining) : 5.0 %, or 50.3 million
- Liquidity suppliers : 3.3 %, or 32.8 million
- SAFETY MODULE : 0.5 %, or 5.05 million
- Community cash : 8.5 %, or 85 million
- Community Treasury TBD : 22.8 %, or 227.7 million (allowance still to be determined)
By analyzing this division and the progress of the vesting calendar, we note that the majority of tokens DYDX have already been released. This greatly reduces the potential inflationary pressure and limits the risks of massive sales in the coming months.
dYdX Tokenomics: What is the vesting calendar?
The jacket describes how the tokens still blocked are gradually released. According to current data:
- 68 % of tokens are already unlocked (or 680 million DYDX ).
- 9,22 % remain blocked.
- 22,77 % correspond to allowances whose release will depend on governance decisions (TBD).
The next major release event is scheduled for May 1, 2025 , with 8.33 million DYDX , or 1.09 % of the current circulating offer.
Zoom on the main types of jacket
- Cliff Unlock: a large number of tokens were released in one time in 2021 (initial, retroactive awards, etc.).
- Linear Unlock: Since December 2023, the remaining allowances have been released gradually months after month until 2026 for the founders, investors and employees.
Impact of the jacket on the price of DYDX
Massive unlocking events can lead to downward pressure, especially when they concern large quantities held by private investors or internal teams. However, with the majority of the DYDX jacket already made, the impact of each new Unlock is much more limited.
Tokenomics graphic clearly shows that the increase in the offer will slow down strongly after 2025, which is generally positive for the long -term price.
In -depth analysis of community cash flow
An important part of the DYDX remains allocated to the Community Treasury :
- 85 million tokens are already reserved.
- 227.7 million tokens await a future allowance (TBD), which will be decided by the governance of the protocol.
This reserve can be used for:
- Finance new technical developments.
- Accelerate adoption via subsidies and awards.
- Set up incentive programs for users and validators.
dYdX Tokenomics: What are the uses of token?
The DYDX has several uses in the ecosystem:
- Trading Fee Discounts: Reduction of trading costs for users with DYDX .
- Staking : participation in securing the dYdX V4 network, based on COSMOS SDK.
- Governance: possibility of voting on the developments of the protocol.
dYdX Tokenomics: Analysis of the current situation (April 2025)
At the end of April 2025:
- The price of the DYDX oscillates around 0,65 $.
- The market capitalization is around $ 504 million .
- The fully diluted value (FDV) is close to $ 657 million .
The inflation rate is relatively low after the important releases of 2023-2024. In addition, the TVL (Total Value Locked) of the protocol remains solid with around $ 246 million locked according to Defillama.
Why is DYDX 's Tokenomics is rather healthy for an investor?
dydx 's Tokenomics is relatively robust compared to other DEFI :
- Majority of tokens already unlocked , limiting future inflation.
- Real usefulness of the token (reduction of costs, staking , governance).
- Liquidity sustained on the active platform and trading on several markets.
For a patient investor, the lull of inflation expected in 2026 could strengthen the attractiveness of the long -term DYDX , in particular if perpetual trading on decentralized chains continues to develop.
Where to buy DYDX easily?
To acquire DYDXtokens, we mainly recommend two platforms:
- For European users : Bitvavo is an excellent option. Based in the Netherlands, this platform is regulated, offers very competitive costs (max 0.25 % on the interface for beginners and even 0.05 % on the USDC of the pro interface), and offers easy deposits per bank transfer or bank card in euros. In addition, Bitvavo is recognized for its transparency, its intuitive interface and its additional protections for customer funds.
- For users outside Europe : OKX is a leading international platform. It offers very large liquidity on DYDX , among the lowest costs on the market, and gives access to a wide range of derivative products and staking . OKX is suitable for more advanced traders who wish to combine purchase, trading, and active management of their cryptocurrencies.
Conclusion: What to think of the tokenomics of the DYDX in 2025?
The tokenomics of DYDX has interesting assets for those who plan to invest or use the platform. The risk of uncontrolled inflation is now very limited, while the utility role of the token is reinforced by migration on the dYdX Chain (Cosmos SDK).
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Yohan Uzzan
Training engineer, I quickly became interested in the field of finance. Convinced that decentralized finance has a bright future ahead of it, I participate in its democratization by developing Crypternon.
