DeFi • July 18, 2025, 10:01AM EDT
UPDATED: July 19, 2025, 4:42AM EDT

dYdX Chain cumulatively spends nearly $1.9 million in fees to acquire and stake 2.8M tokens under 'buyback program'

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The Block

Quick Take

  • dYdX Chain has been repurchasing and staking its native tokens using protocol revenue under a governance-approved program launched in March.
  • To date, $1.88 million in fees has been utilized to purchase 2.87 million DYDX tokens, all of which have been staked with validators on the dYdX Chain.