The performance after listing was far below my expectations. Originally thought of a big harvest from DyDx. It's a pity to choose the wrong way. All trading and mining companies have made a fortune. The return on buying after listing is only doubled. The selling pressure of mining is indeed too great. If it had not been for mining, the price would have skyrocketed. But the team can only give the profit to the transaction mining, so that the project can have a flywheel effect in the early stage.

DyDx is essentially an Internet product packaged in Layer 2. It can be roughly understood as an upgraded version of Fcoin transaction mining. The kernel is still transaction mining, but the shell uses DEX/Layer2 as a narrative.

Starting from the second phase, the annualization of transaction mining can still reach 100%. Therefore, it can be expected that as the rounds progress, DyDx's transaction mining will become more and more involuntary. The current annualization is still very attractive for large capital mining.

The subject of perpetual contracts is endlessly imaginative, but valuation and selling pressure are indeed real issues. The current valuation has been US$20 billion, which is on par with UNI. As for the relationship between DYDX and UNI, it depends on personal understanding.

From the perspective of valuation, the industry still follows the relative valuation method. That is, compare its own valuation with the valuation of industry leaders. According to this understanding, DYDX's current valuation is relatively reasonable. It is also a big question whether it can withstand the selling pressure of mining in the future. What to do if the mine is stepped on by mining.

In addition to transaction mining, there is also stable currency mining. The annualization is definitely lower than that of transaction mining. If DYDX is profitable, it is also a good choice for that part of the profit to be used for mining. Long-term optimistic. This project also made me face up to mining. Although not comparable to the industry's head whales, it is still more than ample to dig some small and medium-sized mines. So why not dig it, right?

The performance after listing was far below my expectations. Originally thought of a big harvest from DyDx. It's a pity to choose the wrong way. All trading and mining companies have made a fortune. The return on buying after listing is only doubled. The selling pressure of mining is indeed too great. If it had not been for mining, the price would have skyrocketed. But the team can only give the profit to the transaction mining, so that the project can have a flywheel effect in the early stage.

DyDx is essentially an Internet product packaged in Layer 2. It can be roughly understood as an upgraded version of Fcoin transaction mining. The kernel is still transaction mining, but the shell uses DEX/Layer2 as a narrative.

Starting from the second phase, the annualization of transaction mining can still reach 100%. Therefore, it can be expected that as the rounds progress, DyDx's transaction mining will become more and more involuntary. The current annualization is still very attractive for large capital mining.

The subject of perpetual contracts is endlessly imaginative, but valuation and selling pressure are indeed real issues. The current valuation has been US$20 billion, which is on par with UNI. As for the relationship between DYDX and UNI, it depends on personal understanding.

From the perspective of valuation, the industry still follows the relative valuation method. That is, compare its own valuation with the valuation of industry leaders. According to this understanding, DYDX's current valuation is relatively reasonable. It is also a big question whether it can withstand the selling pressure of mining in the future. What to do if the mine is stepped on by mining.

In addition to transaction mining, there is also stable currency mining. The annualization is definitely lower than that of transaction mining. If DYDX is profitable, it is also a good choice for that part of the profit to be used for mining. Long-term optimistic. This project also made me face up to mining. Although not comparable to the industry's head whales, it is still more than ample to dig some small and medium-sized mines. So why not dig it, right?