yyy|Aug 03, 2026 14:22
Looking back now, dYdX Labs' launch of @ arcus_xyz on @ RobinhoodApp Chain was both successful and unsuccessful.
The key to success lies in:
Arcus has become the absolute leader in PERP DEX on RH Chain, with PERP trading volume accounting for over 80%;
The point of failure lies in:
It did not bring any substantial empowerment to DYDX, and even had a counterproductive effect;
The 7-day per transaction volume of Arcus ($162.25M) has exceeded that of @ dYdX Chain ($151.47M), bringing substantial diversion. Arcus, as a brand almost completely independent of dYdX, has no actual, landed empowerment of DYDX.
Of course, dYdX Labs has also written empty promises to DYDX holders: if Arcus issues coins in the future, it will airdrop a portion of the dYdX community's shares. Since Arcus was launched on the RH Chain mainnet, the DYDX token has dropped by 15%.
Agreement prospers, holders suffer; The agreement is dead, the holder is suffering.
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