dYdX Roadmap Update – Telegram Trading, Performance Upgrades, and Token Utility

dYdX Chain
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dYdX: A New Chapter

dYdX is entering a new chapter of growth, innovation, and bold execution. As adoption of decentralized exchanges accelerates, dYdX Trading is rebranding to dYdX Labs — reflecting their mission to push the frontier of onchain technology, build faster, and experiment more boldly.

The roadmap is anchored by three core pillars:

  • Democratize access to financial opportunity across digital and real-world assets

  • Deliver a world-class trading experience across web, mobile, and Telegram

  • Maximize token utility with stronger alignment between traders, the protocol, and governance

dYdX Labs has already delivered major upgrades — from free, instant deposits to significant performance improvements and new growth initiatives — and an ambitious slate of launches lies ahead, including Telegram trading, enhanced order execution, and token-based fee reductions.

:backhand_index_pointing_right: Read the full update from dYdX President Eddie Zhang on the blog: August Roadmap Update

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Builders code, new order types and spot trading (now available in the US) are super exciting! Thanks for sharing @grundydx ! LFG!

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These changes represent a real shift compared to what had been developed until now and could mark a new stage for the project. I find the spot trading initiative particularly relevant, as it could create strong synergies with perpetuals — especially if it can eventually be used as collateral. Congratulations to Eddie Zhang and the dYdX Labs team on this exciting new chapter!

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With Telegram and mobile trading on the roadmap, what steps are being taken to ensure the same security and performance standards as the web platform

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I carefully read Eddie Zhang’s recent blog post as well as Antonio Juliano’s proposed roadmap.
I consider them indicators of a new phase in the protocol’s development.
I also believe the blog posts are somewhat timid and fail to clearly address the protocol’s lag behind the current market leader, the elephant in the room, Hyperliquid, and what differentiating elements will allow the DYDX protocol to regain a significant market share consistent with its track record.
The resounding success of Hyperliquid, regardless of the technical considerations that enabled it, is a catalyst for the development of new projects with new architectures and even the reinvention of OG projects, such as the reimplementation of Synthetix on the Ethereum mainnet.
The competitive level of the PERP DEX market is at its peak, and this poses a serious competitive challenge for DYDX.
Some points that were not mentioned that I consider relevant to consider and address:

  1. Privacy;
  2. Yield-bearing collateral (missing USDe and sUSDe, USDN
    Noble Dollar, RWA collateral, etc.);
  3. Cross-collateral;
  4. BTC/BTC LSDs as collateral (Babylon Vaults integration? Lombard LBTC integration?);
  5. Implementation of a DAT vehicle for investment in $DYDX and introducing liquidity into Megavault;
  6. Dual VM with the introduction of EVM.
    We must realize that we are experiencing a renaissance for the protocol and there is a Herculean task ahead just to catch up with the competition: increasing blockchain performance, attracting traders, and significantly increasing liquidity.
    I fear that the aforementioned implementations do not reflect the pace needed to achieve the protocol’s goals. We need more communication, more ambition, more implementation.
    We must assume that we want to do more and better than Hyperliquid, period.

Thank you for your attention.

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