Share this article
DYdX CEO Juliano Fires 35% of Workforce and Promises Pivot
"The company we’ve built is different from the company dYdX must be," said the CEO.
Updated Oct 29, 2024, 7:21 p.m. Published Oct 29, 2024, 7:19 p.m.
Make us preferred on Google
dYdx, the company building an on-chain crypto derivatives exchange, fired 35% of its core team Tuesday, said CEO Antonio Juliano.
The shake up adds more turbulence to dYdx's 2024 staffing woes, which had already seen Juliano step down from the leadership post, only to return in early October.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
"The decision to let go was a realization that the company we’ve built is different from the company dYdX must be," Juliano wrote in a blog post titled Letting Go.
dYdX is one of the best-known, blockchain-based venues for trading crypto derivatives. But its dominance came under threat earlier this year with Hyperliquid surging in popularity.
The exchange's total value locked – a key metric in decentralized finance (DeFi) – is down 50% from its 2024 peak in late March. Meanwhile, Hyperliqiid's TVL grew 250% over the same period, and at over $860 million is three times larger than dYdX's.
Higit pang Para sa Iyo
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
Ano ang dapat malaman:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
Higit pang Para sa Iyo
R3 bets on Solana to bring institutional yield onchain
As DeFi investors seek stable, uncorrelated returns, R3 is building Solana-native structures to bring private credit and trade finance into crypto markets.
Ano ang dapat malaman:
- R3 has repositioned itself around tokenization and onchain capital markets, with Solana as its strategic base.
- The firm is targeting high-yield, institutional assets like private credit and trade finance, packaged in DeFi-native structures.
- Liquidity, not tokenization itself, is the next unlock for real-world assets onchain, according to R3 co-founder Todd MacDonald.
Top Stories
