Approximately 148 million DYDX tokens have been staked to active validators, accounting for 14.8% of the total supply

PANews reported on April 26th that, according to the latest report related to DYDX token released by dYdX, since the launch of dYdX Chain, the utility of DYDX token has expanded into security, staking, and governance fields. Approximately 148 million DYDX tokens (14.8% of total supply) have been staked with active 60 validators to ensure the security of dYdX Chain. So far, the protocol has distributed over 2000 USDC tokens to more than 18,991 dYdX Chain stakers. Up to now, members of the dYdX community have initiated 54 governance proposals. Staking rewards in USDC form have unlocked many tangible use cases. 75.2% of ethDYDX has already migrated to dYdX Chain.