The dYdX Foundation, joined by 21Shares, held an analyst call on September 18 to present protocol updates, a new institutional channel, and product plans extending into 2026.
The briefing covered market access, technology upgrades, and changes to token economics. For institutional investors, 21Shares launched a physically backed DYDX exchange-traded product in Europe.
The ETP holds underlying tokens directly, cutting into the tradable supply while giving funds a regulated wrapper for exposure.
On the product front, dYdX outlined several additions. Spot markets and Telegram-based trading are in the works, along with simplified logins for retail users. The team also flagged real-world asset perpetuals, beginning with synthetic equity exposures tied to names like Tesla.
The foundation noted upcoming integrations, including support for the Crypto.com wallet, and introduced a $20M “Surge” incentive program to drive trading activity.
In terms of token economics, rewards will be paid in USDC. A fee-funded buyback program, already discussed in community forums earlier this year, was confirmed as part of the plan. $DYDX edged higher following the call, with traders weighing the long-term roadmap against immediate market sentiment.
“Crossing $1.5Tn in trading volume shows this infrastructure is no longer experimental,” said dYdX Foundation CEO Charles d’Haussy.
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DYDX Price Analysis: Can DYDX Push Past the $0.70–$0.72 Resistance Zone?
DYDX traded near $0.69 in the past 24 hours, marking a +5% gain, with price movement ranging between $0.65 and $0.69.
(Source – DYDX USDT, TradingView)
The DYDX/USDT 4-hour chart points to a steady recovery after recent consolidation.
From a mid-September low around $0.60, the token has pushed back above the $0.68 resistance zone, supported by rising trading volumes that signal stronger buyer activity.
On the technical front, DYDX has regained both the 50-period EMA at $0.6418 and the 100-period EMA at $0.6345.
These levels now act as short-term support. A bullish crossover of candles above the moving averages reinforces the case for renewed upside momentum, with volume patterns showing clear accumulation at lower prices.
The structure resembles a bullish continuation setup, with higher lows forming beneath resistance. Immediate pressure is at $0.6880, the zone DYDX is currently testing.
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A breakout could pave the way toward the $0.70-$0.72 range, where earlier highs and a psychological barrier align. On the downside, the $0.64-$0.63 area remains key support. A break below this range could drag the price back to $0.60.
Overall, DYDX is flashing early signs of a trend shift after weeks of sideways to bearish action. Sustained strength above $0.68 with firm volume may confirm a breakout rally, while failure to hold that level risks trapping late buyers and triggering a pullback.
Traders are watching closely to see if the token can build a new base higher up the chart.
On the dYdX Chain, derivatives activity stayed steady over the past day. Data from DefiLlama shows 24-hour perpetuals volume between $430M and $440M, with weekly volume near $1.76Bn.
These numbers line up with the broader rise in DeFi derivatives trading, signaling that dYdX is moving in step with the wider market trend.
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