• 34ºc, Sunny

The founder of dYdX has returned to the CEO position, saying he will "completely restart" the project's operations

In a conversation with Empire co-host Jason Yanowitz, dYdX founder Antonio Juliano announced his return to the CEO role five months after leaving the company. "After thinking about it for a while, I now have a very clear idea of what we need to do. I basically want to completely restart everything and run the company again as a founder." According to DeFiLlama data, in October last year, DEX perpetual contract trading volume was 33 billion US dollars, of which dYdX accounted for 80% of the market share. In September this year, the total DEX perpetual contract trading volume grew to 135 billion US dollars, but dYdX accounted for less than 7% of the transaction volume on the Ethereum and Cosmos application chains.