Share this article
DYDX Token Surges as Unlock Gets Delayed Until December
Next month's 150 million-token unlock has been reduced, with 83 million tokens allocated to investors being locked until December.
Updated May 9, 2023, 4:06 a.m. Published Jan 25, 2023, 4:56 p.m.
Decentralized derivatives exchange dYdX has delayed the unlock of its native DYDX token for investors until the fourth quarter, the exchange announced in a blog post Wednesday.
The Block first reported on the news and the DYDX token surged as much as 21% following the publication of its report. The token was lately trading up 15% to $1.95.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
More than 150 million tokens had been planned to be released to early investors and dYdX founding team members on Feb. 3, but those plans have now been shelved until December.
Now, 83 million of those tokens allocated to investors will be unlocked on Dec. 1, reducing the scheduled increase in supply next month.
Volatile trading ahead of token unlocks has been a key narrative since the turn of the year, with tokens like and axie infinity (AXS) recently bucking the trend by rallying into unlocks, which are historically a bearish event as token supply increases.
DYDX did not immediately respond to CoinDesk's request for comment.
UPDATE (Jan. 25, 17:38 UTC): Updated with dYdX's blog post and latest price movement.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Foundation behind restaking protocol EigenLayer plans bigger rewards for active users
An Incentives Committee would direct programmatic token emissions, focusing allocations on participants that secure AVSs and contribute to the EigenCloud ecosystem.
What to know:
- The Eigen Foundation has unveiled a governance proposal aimed at ushering in new incentives for its EIGEN token, shifting the protocol’s reward strategy to prioritize productive network activity and fee generation.
- Under the plan, a newly formed Incentives Committee would manage token emissions, prioritizing participants who secure Actively Validated Services and expand the EigenCloud ecosystem.
- The proposal includes a fee model that channels revenue from AVS rewards and EigenCloud services back to EIGEN holders, potentially creating deflationary pressure as the ecosystem grows.
Top Stories
