August 8, 2023|Research

DYDX: First Mover Advantage


As the v4 upgrade for DYDX approaches, optimism about the platform's potential grows, driven by the expanding decentralized perpetuals market with clear product-market fit. In this report, we analyze DYDX as a long-term growth play, assess TAM and market share, and explore thoughts on v4, the move to Cosmos, and more.

Read the full report.

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