# Gauntlet | dYdX MegaVault Update: 1-Month Insights **URL:** \ **Category:** dYdX Chain\ **Created:** [July 3, 2025, 3:57pm UTC](https://dydx.forum/t/gauntlet-dydx-megavault-update-1-month-insights/3680 "2025-07-03T15:57:31Z")\ **Posts on this page:** 4\ **Page:** 1
**Author:** ![gauntlet](https://dub1.discourse-cdn.com/flex013/user_avatar/dydx.forum/gauntlet/32/1710_2.png) [@gauntlet](https://dydx.forum/u/gauntlet)\ **Post date:** [July 3, 2025, 3:57pm UTC](https://dydx.forum/t/gauntlet-dydx-megavault-update-1-month-insights/3680/1 "2025-07-03T15:57:31Z")
# Gauntlet | dYdX MegaVault Update: 1-Month Insights (2025-06-01 through 2025-06-30) # Summary Gauntlet will post monthly updates notifying the dYdX community about: 1. Newly listed markets supported by MegaVault 2. Markets no longer supported by MegaVault along with insight into the operator’s decision to stop supporting these markets. 3. MegaVault performance from a risk, return, and liquidity providing perspective The aim is to provide transparency into [MegaVault](https://help.dydx.trade/en/articles/240151-megavault-faq) performance and operator decision-making. Please also refer to the [Gauntlet dashboard](https://app.gauntlet.xyz/vaults/dydx:megavault) for additional stats and information. # Market Status Over the past month, MegaVault has onboarded 10 new markets (listed below) and now supports 162 markets in total. These markets were added through the [Instant Market Listings](https://www.dydx.xyz/instant-market-listings) feature. - FLR - LA - LPT - MASK - NEWT - SOPH - SYRUP - WSTETH MegaVault has also closed 2 markets during this period (listed below). These markets were identified to be [honeypot scams](https://coinmarketcap.com/academy/glossary/honeypot) and are thus unfit for MegaVault activities. - DAKU - TIBBIR As of Wednesday, June 25th, the [market map authority](https://www.dydx.xyz/blog/market-map) has taken steps to filter out honeypot scams from the universe of listable markets, which will help limit MegaVault’s risk exposure to such markets. # Performance Analysis | Metric | Current | MoM Change | | --- | --- | --- | | 30d APR | 16.3% | -5.3% | | 30d EWMA % of total maker volume | 2.16% | -0.34% | | 30d Trading Volume | $134.08mm | +$73.01mm | | TVL | $14.88mm | -$0.09mm | MegaVault performance has remained strong with a current 30 day APR at 16.3%. This represents a month over month decline of 5.3% which is largely due a -0.44% drawdown occurring from June 18th to June 22nd. This period coincides with a [white house announcement regarding the Israel-Iran conflict](https://www.cnbc.com/2025/06/21/trump-israel-iran-conflict.html) and similar drawdowns (and subsequent recoveries) observed in major markets (BTC even hitting a low of $98914). In periods of volatility it is typical to see market makers widening spreads thus leading to the MegaVault absorbing a larger percentage of total market maker volume. We can observe this in the % of total maker volume chart. The exponentially weighted moving average (EWMA) has remained steady at 2.16%, but the daily % of maker volume captured fluctuates wildly, hitting a peak of 8.78% on June 21st. MegaVault recovered the entirety of this drawdown between June 22nd and June 23rd. # Supporting Data ![](https://europe1.discourse-cdn.com/flex013/uploads/dydx/original/2X/4/4d1f8621df31538708b4bf5aedd86e0787e3bef6.png) ![](https://europe1.discourse-cdn.com/flex013/uploads/dydx/original/2X/a/aff9cafd1bd6fb1d36ef7e41410129fe22e30972.png) ![](https://europe1.discourse-cdn.com/flex013/uploads/dydx/original/2X/9/9a9499b11eae6802fa61cb9733fbbc17c288d747.png) ![](https://europe1.discourse-cdn.com/flex013/uploads/dydx/original/2X/5/5bdd5072af6a8162b96e7b65a79904a67fbfc93d.png) ![](https://europe1.discourse-cdn.com/flex013/uploads/dydx/original/2X/8/8a387d83dbc99166016037b8b50a0d730990dffe.png) \*\*MegaVault % of total maker volume (for markets which MegaVault is quoting) Biggest losers over the past 30 days: | Market | Cumulative PnL ($) | Cumulative Return (%) | | --- | --- | --- | | ETH | -12997 | -4.41 | | DRIFT | -8462 | -8.93 | | RAY | -7594 | -10.24 | | TRUMP | -7405 | -7.76 | | SOPH | -7110 | -9.74 | Biggest winners over the past 30 days: | Market | Cumulative PnL ($) | Cumulative Return (%) | | --- | --- | --- | | AERO | 14505 | 23.29 | | MOVE | 9299 | 8.21 | | HBAR | 8564 | 4.98 | | BTC | 8538 | 3.00 | | ORDI | 7019 | 5.52 | Biggest losers during June 18th to June 22nd drawdown: | Market | Cumulative PnL ($) | Cumulative Return (%) | | --- | --- | --- | | ETH | -10086 | -3.41 | | RAY | -7468 | -10.11 | | SUI | -6710 | -2.28 | | XRP | -5116 | -1.71 | | SOL | -4244 | -1.86 | ---
**Author:** ![charles](https://dub1.discourse-cdn.com/flex013/user_avatar/dydx.forum/charles/32/47_2.png) [@charles](https://dydx.forum/u/charles)\ **Post date:** [July 4, 2025, 8:22am UTC](https://dydx.forum/t/gauntlet-dydx-megavault-update-1-month-insights/3680/2 "2025-07-04T08:22:47Z")
Thanks for this monthly update team @gauntlet 🤝 Markets havane’t been easy on anyone, yet the vault architecture and you guys as operators are elegantly & efficiently navigating this ⛵ Good to see growing vault trading volume MoM and good APR. Keep up the good works and looking forward to the next months updates. ---
**Author:** ![Bhigtonydydx](https://avatars.discourse-cdn.com/v4/letter/b/43a26b/32.png) [@Bhigtonydydx](https://dydx.forum/u/Bhigtonydydx)\ **Post date:** [July 4, 2025, 12:58pm UTC](https://dydx.forum/t/gauntlet-dydx-megavault-update-1-month-insights/3680/3 "2025-07-04T12:58:36Z")
Thanks for this update. Let’s keep building dYdX 💯 ---
**Author:** ![Testimony](https://avatars.discourse-cdn.com/v4/letter/t/a3d4f5/32.png) [@Testimony](https://dydx.forum/u/Testimony)\ **Post date:** [July 4, 2025, 1:42pm UTC](https://dydx.forum/t/gauntlet-dydx-megavault-update-1-month-insights/3680/4 "2025-07-04T13:42:36Z")
Thanks for the timely update, despite the period of market uncertainty. Keep building and let’s move dYdX forward