Overlooked in October’s Perp DEX War, dYdX has just stunned markets after the governance process approved a sweeping update to its tokenomics framework, allocating 75% of all protocol revenue toward open-market DYDX token buybacks.
The proposal, numbered #313, was passed by 59.38% of community voters on Thursday, marking one of the most aggressive revenue-to-buyback ratios among major decentralized protocols.
Previously, only 25% of net protocol fees were allocated to DYDX repurchases, with the remainder directed toward operational and treasury functions. Therefore, the new move can be seen as tripling the buy pressure on the price.
New DYDX Crypto Buyback Announced: Tokenomic Buy-Pressure Triples
The newly passed framework will see the protocol commit three-quarters of its fee revenue directly to buying and staking DYDX, while 5% will be sent to the Treasury SubDAO and 5% to the MegaVault, according to the dYdX Foundation.
“Starting today, 75% of protocol fees will be used to buy back DYDX on the open market,” the foundation confirmed on X.
The community has voted to increase $DYDX buybacks from 25% → 75%.
Starting today, 75% of protocol fees will be used to buy back DYDX on the open market 🫡
🔗 https://t.co/SOmcd9Edlo pic.twitter.com/CgM7hJN57Q
— dYdX (@dYdX) November 13, 2025
The new buyback policy takes effect immediately, signaling a significant reduction in the token’s circulating supply that could instantly propel the DYDX price into an upside trajectory.
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Buyback Announcement is Latest in Series of Pre-US Debut dYdX Moves
This latest vote continues a series of tokenomic refinements initiated earlier this year. dYdX first launched its buyback mechanism in March 2025, coinciding with the v4 mainnet migration and a planned reduction in emissions by June 2025.
The updated buyback allocation forms part of a broader strategy to enhance value capture, staking yield, and governance participation, directly linking tokenholder incentives to platform performance.
And in a show of momentum, the move follows dYdX’s rapid growth across its standalone Cosmos-based chain, where cumulative trading volume recently surpassed $1.5Tn.
It also comes as the exchange prepares for its US market debut later this year and continues its campaign to remove maker and taker fees on select perpetual pairs to boost liquidity depth.
With the buyback ratio now tripled, investor attention is turning toward DYDX’s on-chain burn rate, staking returns, and whether the tightened supply will accelerate token appreciation in the weeks ahead.
DYDX Price Analysis: Crisis Surgery For DYDX Price – Can Buyback Buy Pressure Fix The Chart?
The buyback proposal approval comes at a poignant time for the DYDX price chart, which is currently bottoming out after months of volatile downside price action.
(Source – 1W, DYDXUSDT, TradingView)
Now trading at -77% YTD, the buyback program increases investor appetite and hopes for a reversal, especially as the price continues to trade around critical support above $0.25—a level sustained since October 10—which saw the price plummet to an all-time low at $0.05.
Yet, with the bullish shift in DYDX’s tokenomic fundamentals, things might be looking up for the re-emerging DEX coin, with price action seizing a life-line of support above the 20DMA on November 7.
(Source – 1D, DYDXUSDT, TradingView)
This could set the stage for a hard bounce, possibly into a reversal if price action can break out (above $0.5) of the descendant pendant pattern it has held for the past Year.
Such a view seems cautiously possible given the RSI indicator remains cooled off to a strong bull signal at 45, suggesting significant upside capacity remains in the chart – with $0.50 forming the immediate target for DYDX bulls.
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