dYdX founder returns to CEO position, says he will "completely restart" project operations
dYdX founder Antonio Juliano announced his return as CEO after a five-month resignation. In a conversation with Empire co-host Jason Yanowitz, he stated, "After some time of thinking, I'm very clear on what we need to do. I basically need to completely reboot everything and operate the company as a founder again." According to DeFiLlama data, in October of last year, the trading volume of DEX perpetual contracts was $33 billion, of which dYdX accounted for 80% of the market share. However, in September of this year, the total trading volume of DEX perpetual contracts increased to $135 billion, but dYdX's trading volume on the Ethereum and Cosmos application chains accounted for less than 7%.
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