The decentralized exchange dYdX has updated its 2025 roadmap, outlining plans to launch Telegram trading integration as the platform faces declining revenues.
According to the roadmap, dYdX plans to roll out a series of software upgrades, including partner fee sharing, volume and time-weighted average price (TWAP) orders, and designated proposers, aimed at reducing end-to-end trading latency.
Additionally, the decentralized exchange plans to launch Telegram-based trading in September, thanks to its acquisition of the social trading app Pocket Protector in July. As part of the deal, Pocket Protector co-founder Eddie Zhang joined dYdX as president.
Zhang wrote in the roadmap letter, "It is crucial for dYdX to strengthen its competitive positioning to increase market share and provide long-term value to the community and ecosystem."
The decentralized exchange's revenue has significantly declined over the past 12 months. According to DefiLlama data, dYdX recorded $3.2 million in revenue in the second quarter of 2025, an 84% drop compared to $20.1 million in the same period of 2024.
As of Wednesday, its total locked value has fallen from $1.1 billion in October 2021 to $312 million. In October 2024, dYdX laid off 35% of its staff, with the then-CEO stating the need for a new direction.
According to dYdX, the partner fee sharing program will allow volume and liquidity contributors to earn up to 50% of the protocol fees. The scale and TWAP orders are said to provide traders with more execution options, allowing multiple limit orders to be set within a price range and splitting large trades into smaller timed intervals.
Meanwhile, the designated proposer feature is said to shorten processing times by assigning specific validators and reducing latency.
The roadmap also highlights new user-facing features, including social login, direct USDC-DYDX exchanges enabled through Osmosis integration, and customizable fee tiers that promise to lower trading costs.
The decentralized finance sector is heating up in 2025. According to DefiLlama data, the total locked value across all blockchains and ecosystems reached $158.2 billion on Thursday, up from $115.9 billion on January 1, marking a 36.5% increase year-to-date.
Ethereum remains the dominant blockchain in DeFi, accounting for $93.9 billion or 59.4% of the total on-chain value.
Related: USDT0 and XAUt0 stablecoins launched on the Polygon network
Original article: “DeFi platform dYdX sees revenue decline, plans to launch Telegram trading in roadmap update”
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