1. The Cosmoverse event was just held in Istanbul on October 2-4, 2023, and the Cosmos ecosystem benefited. Starting from the second quarter of 2022, dYdX will move from Ethereum to Cosmos to build its own chain

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2. Derivatives are definitely a trend. In the third quarter of 2023, $dYdX led the revenue in the field of derivatives, PerpDex, reaching $13.8 million

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3. Big news: dYdX mainnet will be released in Q4 2023

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4. Vesting will postpone the unlocking schedule from Q1 2023 to Q4 2023: Unlock tokens for investors, employees and project advisors, with a total value of 400 million DYDX. Phased payment: 30% on December 1, 2023; 40% on the first day of each month from January 1, 2024 to June 1, 2024; 20% on the first day of each month from July 1, 2024 to June 1, 2025; 10% on the first day of each month from July 1, 2025 to June 1, 2026.

In short, knowing the amount of funding for the team will give you the motivation to fight.

5. There are 2 MMs, WinterMute and Falcon. The on-chain $dYdX is very active, with many diamond holders (mostly investors, not retail investors, $dYdX is OG Reddit-backed). Recently, Falcon has been accumulating more $dYdX.

Since September 12, FALCONX has accumulated $1.608 billion worth of $DYDX from Binance. The aforementioned $DYDX number is stored at the unmarked address 0xd5417e96Dd04363c675E41Ee6F30bF788412C719. The current $DYDX balance of this wallet is $3.76 million

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In addition, Wintermute is currently the main liquidity MM for $DYDX. FALCONX and Wintermute can be considered close friends because they have had many large transactions with each other before. $DYDX on FalconX may help Wintermute accumulation.

6. Compared with $dYdX's biggest competitor ($359m TVL) $GMX (468m TVL), the GMX holder mechanism is at a disadvantage in an uptrend because traders have a higher win rate in an uptrend. At the same time, dYdX quickly shifted from application chains to Rollups.

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7. Token Economics:

- Current price $1.9 ~ MC $366 million

- Circulation 18.4%

- 17 months accumulation around $2, heavy volume, bottom chart

- The highest peak divided by 14