2025-12-09 21:19:46

Does anyone still remember who the king of on-chain derivatives trading was back in 2021? DYDX was in the limelight back then, almost synonymous with decentralized trading.

Fast forward to now, new platforms like Hyperliquid and Astro are on the rise, while the former leader has long faded from view. It wasn’t due to poor technology, but missing a critical window.

Sometimes I think, catching the wave is actually more crucial than just working hard. In the Web3 space, the timing window is incredibly fleeting—if you’re even a step late, no matter how strong your project is, it could get left behind. Maybe that’s the most brutal part of the bull market cycle.

DYDX-0.25%

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SocialFiQueen

· 14h ago

The hype is really a poison. DYDX was truly amazing back then, but now... Sigh, it's been swept away onto the beach.

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TheSimplestPathLeadsToThe

· 12-10 06:43

The project party is now notorious and has a serious collapse of trust

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DuckFluff

· 12-09 21:48

dydx is truly a textbook-level failure; despite having a technical ceiling, they failed to seize control of the narrative, which is just absurd.

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DeFiGrayling

· 12-09 21:38

Who still remembers DYDX? Back then, it really dominated the market, but now... it's completely faded away. Hyperliquid definitely seized the opportunity this time. When it comes to trends, being even a step behind means you miss out entirely. Web3 is just that brutal—even with strong technology, if your timing is off, you're done for. Damn, the metaphor "the new waves crash on the beach" is spot on. DYDX is a living example. To put it plainly, you have to keep up with the pace. Burying your head and working hard in this space is basically suicide. In a bull market cycle, the biggest fear is getting the timing wrong—it's way deadlier than any technical issue.

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