Dydx Annual Report: DEX Derivatives volume expected to reach 3.48 trillion magnesium in 2025, with US regulation as the main driving force

The latest report released by dydx, well-known for its Perptual Futures DEX, shows that Decentralization exchange (DEX) will set a staggering record in 2024, with Derivatives volume reaching 1.5 trillion US dollars, a growth of nearly 132% compared to the previous year. And in 2025, DEX Derivatives volume will double again, reaching 3.48 trillion US dollars.

DEX Derivatives volume explosive growth

The report stated that the volume of Derivatives in DEX will experience explosive growth in 2024, increasing from $81 billion in January to $242 billion in December, with an annual volume of up to $1.5 trillion. The main reasons for attracting users and key growth are the significantly reduced transaction fees and the lowered threshold for accessing high-risk, high-return assets.

Since 2023, the DEX volume has been increasing continuously, and this trend is expected to continue this year. The market share is rising, and the spot market is also not to be underestimated.

In addition to Derivatives, DEX's performance in the spot trading market is also impressive. Reports indicate that DEX's market share in the spot market has grown from 9% to 20%, and its influence in the overall market is gradually expanding.

The most impressive performance is undoubtedly the performance of Solana DEX, which was driven by the meme coin craze. By the end of 2024, the volume of Solana DEX even surpassed the sum of Ethereum and Base.