The dYdX platform continues to expand its offerings, reaching 267 perpetual futures markets through new instant listing capabilities.
Expansion of dYdX Markets
According to the latest report by analyst Tanay Ved, dYdX has increased its perpetual futures offerings from 127 to 267 markets. With the introduction of quick market listings, dYdX Unlimited allows users to create and trade perpetual futures on any asset without the need for governance approval. This instant listing capability provides traders with access and eases the market creation process without traditional listing requirements.
Domination by Bitcoin and Ethereum
Bitcoin and Ethereum continue to be the primary assets on the dYdX platform, comprising 80% of the total open interest currently standing at $200 million. In Q1, their share was 66%. Open interest reached $200 million in Q2 2025, with perpetual futures for Bitcoin alone seeing over $65 billion in weekly trading volume. This confirms perpetual futures as the preferred tool for traders.
Role of the DYDX Token
The DYDX token is the native token of the dYdX Chain ecosystem and is designed to perform various functions within the system. Token holders who participate in staking receive voting rights on software changes, fee alterations, and market additions. DYDX also incentivizes network security through delegated proof of stake governance, and it returns part of the trading costs to users in the form of rewards.
As the number of markets grows alongside the continued dominance of Bitcoin and Ethereum, dYdX demonstrates that the platform is attracting increasing trader attention by providing new opportunities in perpetual trading.
