dYdX founder returns to CEO position, claiming to completely restart project operations

DailyNews

2024-10-22 13:31:29

DYDX-0,24%

Golden Finance reported that dYdX founder Antonio Juliano announced his return as CEO 5 months after leaving. In a conversation with Empire co-host Jason Yanowitz, he said, ‘After some time of reflection, I now have a clear understanding of what we need to do. I essentially want to completely reboot everything and operate the company in founder mode.’ According to DeFiLlama data, in October last year, the volume of DEX Perptual Futures was $330 billion, with dYdX accounting for 80% of the market share. In September this year, the total volume of DEX Perptual Futures rose to $1350 billion, but dYdX’s on-chain volume in Ethereum and Cosmos applications accounted for less than 7%.

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