🫡 @dYdX recently announced the acquisition of @pp_trading, which is actually quite an interesting move. @pp_trading is a trading application entirely based on Telegram, and it has already reached 50,000 users, with a peak annual trading volume exceeding $1 billion. For a tool that exists solely on Telegram, this scale is quite impressive, indicating that it has tapped into significant user needs. After this acquisition, @epic_edge_ will serve as the president of dYdX, and @kaiserkinbote will be in charge of growth, clearly aiming for faster product iteration and user growth. My understanding is that dYdX is moving towards a lighter, more user-friendly direction. Previously, Web3 lacked a trading experience that was "easy to use and had a low entry point," and platforms like Telegram provide a good template for that. dYdX itself originated from derivatives, and this acquisition can also be seen as a way to fill the gap in user reach and light interaction entry points, especially in markets like Asia and Latin America where there are many Telegram users. Perhaps we will see a different dYdX, a platform not just for professional traders but also an entry point that ordinary people can easily access. Product penetration and accelerated growth are crucial in this wave. The key is that there is a leaderboard event on @KaitoAI, and you must participate; also, keep an eye on the projects on @arbitrum, which are currently very popular!!
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