Chaos Labs posted on the dYdX forum that the second season of the dYdX Launch Incentive program has ended and will start the third season.
In the second quarter, dYdX Chain’s trading volume exceeded $33 billion across 39 exchanges, a 245% increase from the first quarter. Over 3,200 traders have accumulated points through the Launch Incentive program, a growth of over 41%. Funding rates have become more stable in most major markets, demonstrating market maturity. dYdX Chain TVL increased to approximately $57 million.
Chaos Labs said it will follow up with a detailed analysis of Q2, exploring trader reactions to the incentive program, and will announce the differences in Q3 in another forum post (tomorrow); a distribution proposal will be posted on the forum ( February 28); create on-chain voting to distribute incentives (March 4).