{"id":572394,"date":"2025-01-31T00:00:55","date_gmt":"2025-01-31T00:00:55","guid":{"rendered":"https:\/\/wncen.com\/?p=572394"},"modified":"2025-01-30T17:41:43","modified_gmt":"2025-01-30T17:41:43","slug":"dydx-to-unlock-over-33-million-tokens-will-price-crash","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/defi\/dydx-to-unlock-over-33-million-tokens-will-price-crash\/","title":{"rendered":"dYdX to Unlock Over 33 Million Tokens: Will Price Crash?"},"content":{"rendered":"<p><span data-preserver-spaces=\"true\">dYdX, a decentralized exchange (DEX), will\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/token.unlocks.app\/dydx\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">unlock<\/span><\/a><span data-preserver-spaces=\"true\">\u00a0over 33 million DYDX worth approximately $90 million on February 1. This significant token unlock is the second event in the last week, following a previous unlocking on January 23.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">dYdX To Unlock $90 Million Of Token: What Happens Next?<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">According to Token Unlocks on January 30, the\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/twitter.com\/Token_Unlocks\/status\/56443566\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">release<\/span><\/a><span data-preserver-spaces=\"true\">\u00a0will see the protocol distribute $49 million of tokens to investors. At the same time, the team and future employees will each receive approximately $27 million and $12.5 million, respectively.\u00a0<\/span><\/p>\n<figure id=\"attachment_572398\" aria-describedby=\"caption-attachment-572398\" style=\"width: 1022px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-572398\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/01\/Screenshot526.png?resize=1022%2C448\" alt=\"DYDX unlock schedule | Source: Token Unlocks\" width=\"1022\" height=\"448\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/01\/Screenshot526.png?w=1022 1022w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/01\/Screenshot526.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/01\/Screenshot526.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/01\/Screenshot526.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/01\/Screenshot526.png?w=750 750w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><figcaption id=\"caption-attachment-572398\" class=\"wp-caption-text\">DYDX unlock schedule | Source: Token Unlocks<\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">The upcoming token unlock event is part of dYdX&#8217;s ongoing cliff unlock schedule, which will continue for the next five months. During this period, more DYDX will be unlocked.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/bitcoin-news\/bitcoin-rally-legs-left-santiment-explains-why\/\" target=\"_blank\" rel=\"noopener \">Bitcoin Rally Still Has Some Legs Left, Santiment Explains Why<\/a><\/div>\n<p><span data-preserver-spaces=\"true\">For token holders, the frequency and size of these token unlocks raise concerns about the potential impact on DYDX prices. While some experts believe that the gradual unlock schedule will help mitigate any adverse effects, others fear that a deluge of DYDX into the secondary market could lower prices.\u00a0<\/span><\/p>\n<figure style=\"width: 1233px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/www.tradingview.com\/x\/ilSTDW7C\/\" rel=\"nofollow\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full\" src=\"https:\/\/www.tradingview.com\/x\/ilSTDW7C\/\" alt=\"DYDX price trending sideways on the daily chart | Source: DYDXUSDT on Binance, TradingView\" width=\"1233\" height=\"592\"><\/a><figcaption class=\"wp-caption-text\">DYDX price trending sideways on the daily chart | Source: DYDXUSDT on Binance, TradingView<\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">So far, the token remains in a general uptrend, looking at the price action from a top-down preview. Presently, DYDX is changing hands at around $2.8. Though it is down 35% from the December 2023 peaks, bulls are optimistic. The token has support at about $2.3, and the uptrend formation remains valid, provided bulls reject any attempt lower below this reaction level.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The protocol still has over 60% of tokens locked up. Of this, 233.86 million have not been allocated a release timing. Additionally, Token Unlocks notes that in H2 2023, the protocol will decrease the amount of tokens it unlocks. For this reason, prices might stabilize and even r<a href=\"https:\/\/wncen.com\/bitcoin-news\/bitcoin-crash-ahead-expert-predicts-testing-20k-before-rebound\/\" target=\"_blank\" rel=\"noopener \">ally should the market recover<\/a> from the year&#8217;s rough start.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">V3 Deployed, Adds New Features To Trading Platform<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">On January 29, dYdX Chain successfully\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/twitter.com\/dydx_ops_subdao\/status\/22550699\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">deployed<\/span><\/a><span data-preserver-spaces=\"true\"> v3 at block height 7147832. The update introduced improvements impacting efficiency, trading performance, and general user experience.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">A big addition is the introduction of the Interchain Accounts Host Module, which enhances interoperability, reducing the time taken for users to switch between blockchains and manage assets.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/shiba-inu\/shiba-inu-burn-rate-surges-over-1400-as-price-recovers\/\" target=\"_blank\" rel=\"noopener \">Shiba Inu Burn Rate Surges Over 1,400%, As Price Recovers<\/a><\/div>\n<p><span data-preserver-spaces=\"true\">Moreover, the DYDX v3 sees the introduction of liquidation daemons. This system will make it easier for traders to manage their margin positions and execute liquidations. The protocol reduced their requirements to simplify margin management and onboard more users.<\/span><\/p>\n<figure id=\"attachment_572395\" aria-describedby=\"caption-attachment-572395\" style=\"width: 1024px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-572395\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/01\/Screenshot525.png?resize=1024%2C153\" alt=\"dYdX market statistics | Source: dYdX\" width=\"1024\" height=\"153\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/01\/Screenshot525.png?w=1225 1225w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/01\/Screenshot525.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/01\/Screenshot525.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/01\/Screenshot525.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/01\/Screenshot525.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/01\/Screenshot525.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><figcaption id=\"caption-attachment-572395\" class=\"wp-caption-text\">dYdX market statistics | Source: dYdX<\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">As of January 30, the protocol has generated over $545 million in trading volumes. More than $37 million in open interest and over 411,000 unique trades are posted on the platform.<\/span><\/p>\n<div class=\"disclaimer-shortcode\">Feature image from Canva, chart from TradingView<\/div>\n","protected":false},"excerpt":{"rendered":"<p>dYdX, a decentralized exchange (DEX), will\u00a0unlock\u00a0over 33 million DYDX worth approximately $90 million on February 1. This significant token unlock is the second event in the last week, following a previous unlocking on January 23. dYdX To Unlock $90 Million Of Token: What Happens Next? According to Token Unlocks on January 30, the\u00a0release\u00a0will see the protocol distribute $49 million of tokens to investors. At the same time, the team and future employees will each receive approximately $27 million and $12.5 million, respectively.\u00a0 The upcoming token unlock event is part of dYdX&#8217;s ongoing cliff unlock schedule, which will continue for the next five months. During this period, more DYDX will be unlocked. Related Reading: Bitcoin Rally Still Has Some Legs Left, Santiment Explains Why For token holders, the frequency and size of these token unlocks raise concerns about the potential impact on DYDX prices. While some experts believe that the gradual unlock schedule will help mitigate any adverse effects, others fear that a deluge of DYDX into the secondary market could lower prices.\u00a0 So far, the token remains in a general uptrend, looking at the price action from a top-down preview. Presently, DYDX is changing hands at around $2.8. Though it is down 35% from the December 2023 peaks, bulls are optimistic. The token has support at about $2.3, and the uptrend formation remains valid, provided bulls reject any attempt lower below this reaction level. The protocol still has over 60% of tokens locked up. Of this, 233.86 million have not been allocated a release timing. Additionally, Token Unlocks notes that in H2 2023, the protocol will decrease the amount of tokens it unlocks. For this reason, prices might stabilize and even rally should the market recover from the year&#8217;s rough start. V3 Deployed, Adds New Features To Trading Platform On January 29, dYdX Chain successfully\u00a0deployed v3 at block height 7147832. The update introduced improvements impacting efficiency, trading performance, and general user experience.\u00a0 A big addition is the introduction of the Interchain Accounts Host Module, which enhances interoperability, reducing the time taken for users to switch between blockchains and manage assets.\u00a0 Related Reading: Shiba Inu Burn Rate Surges Over 1,400%, As Price Recovers Moreover, the DYDX v3 sees the introduction of liquidation daemons. This system will make it easier for traders to manage their margin positions and execute liquidations. The protocol reduced their requirements to simplify margin management and onboard more users. As of January 30, the protocol has generated over $545 million in trading volumes. More than $37 million in open interest and over 411,000 unique trades are posted on the platform. Feature image from Canva, chart from TradingView<\/p>\n","protected":false},"author":384,"featured_media":572399,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83405],"tags":[83961,91431,89251,91430,91432,86214],"class_list":["post-572394","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-defi","tag-dydx","tag-dydx-chain","tag-dydx-price","tag-dydx-unlock-schedule","tag-dydx-v3","tag-dydxusdt"],"acf":[],"yoast_head":"\n<title>dYdX to Unlock Over 33 Million Tokens: Will Price Crash?<\/title>\n<meta name=\"description\" content=\"dYdX, a decentralized exchange (DEX), will\u00a0unlock\u00a0over 33 million DYDX worth approximately $90 million on February 1\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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His analysis wasn't just dry facts and figures; it crackled with insight, dissecting the implications of the partnership and its potential impact on the future of finance. His deep understanding of the financial markets, technological advancements, and blockchain developments has made him a respected voice in the industry. Dalmas is also the founder of BTC-Pulse, a crypto news site, further demonstrating his commitment to the field. He firmly believes that DeFi and NFTs are here to stay and will continue to drive financial inclusion. Coming from Nairobi, Kenya, it is easy to see the source of his inspiration: Across Africa, millions lack access to traditional banks. Remote villages, limited documentation, and high minimum balances create insurmountable barriers. DeFi, not just Maker or Aave, for example, but think of Bitcoin and USDT, cuts out the middleman. Forget banks with their limitations. Even so, DeFi isn't a magic solution. The continent still struggles with reliable internet access, and educational campaigns highlighting the benefits of this wonderful solution are insufficient. Moreover, even for those interested, understanding DeFi can look like learning a new language. Dalmas is here to help make the tech easy to understand and digestible, even for beginners. The story of DeFi in Africa is still being written. Challenges abound, but the promise of a more inclusive financial future is a powerful motivator. With innovation and collaboration, Dalmas firmly believes that DeFi could become the key to unlocking Africa's full economic potential. This possibility and its immense value motivate Dalmas to continue breaking key DeFi innovations and more across the globe. His engineering background further enhances his ability to deliver well-thought-out pieces that blend technical insight with clear, impactful reporting. 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