Single number on the left is showing total $dydx holders on Ethereum network

which is 34.6K users.

Chart on the left shows top 10 $dydx holders now in which their total held token is more than 634M $dydx.

Graphs above are showing cumulative chart of $dydx holders on Ethereum network since July 2021 in two time frames of weekly and monthly which are explained below:

• Weekly: area chart above shows weekly cumulative chart of number of $dydx holders in which it rapidly increases from 8 holders on first week of August 2021 to more than 9.3K holders on first week of November 2021, which in just 12 weeks it grows 1,170 times. after that it’s growth speed decreases but it increases again from first week of November 2021.

• Monthly: line chart above shows monthly cumulative chart of number of $dydx holders in which it rapidly increases from 7 holders on July 2021 to more than 12.9K holders on December 2021, which in just 5 months it grows 1,842 times. after that it’s growth speed decreases but it increases again from October 2022.

Graphs above are showing cumulative chart of $dydx holds on Ethereum network since July 2021 in two time frames of weekly and monthly which are explained below:

• Weekly: area chart above shows weekly cumulative chart of number of $dydx tokens held by holders, in which it rapidly increases from 8 tokens on second week of July 2021 to more than 90M tokens on first week of August 2021, which in just 2 weeks it grows 10M times. after that it’s growth speed spikes for several times but last of them has occurred from first week of December to third week of December with 1.72 times growth.

• Monthly: line chart above shows monthly cumulative chart of number of $dydx tokens held by holders, in which it rapidly increases from 8 tokens on July 2021 to more than 255M tokens on November 2021, which in just 5 months it grows 32M times. after that it has steady growth until spikes again on December 2022 with 1.74 time growth compared to its previous month.

Graphs above are showing charts of $dydx new holders on Ethereum network since July 2021 in two time frames of weekly and monthly which are explained below:

• Weekly: area chart above shows weekly chart of number of $dydx new holders in which it spikes on first week of September 2021 with 3,451 new holders and after that decreases rapidly and continues with steady trend until it spikes again lately on last week of September 2022, first week of November and third week of December. which means it has increasing trend starting from late weeks of 2022.

• Monthly: line chart above shows monthly chart of number of $dydx new holders in which it spikes on September 2021 with 6,394 new holders and after that decreases rapidly and continues with steady trend until it spikes again lately on November and December 2022. which means it has increasing trend starting from late months of 2022.

Graphs above are showing charts of $dydx holders and their held volume on Ethereum network since 2021 month by month which are explained below:

• Bar chart: this chart above shows cumulative volume of held tokens by holders each month. means that each bar shows volume of held tokens before the specified day for example on first bar we see total volume of held $dydx tokens before 2022/01/01 which is 12.9K $dydx on second bar it grows almost 1K $dydx. growth of each month is as follows: third month(1.077K)/fourth month(1.533K)/fifth month(0.802K)/sixth month(0.801K)/seventh month(0.681K)/eight month(1.202K)/ninth month(0.97K)/tenth month(1.368K)/eleventh month(1.346K)/twelfth month(4.021K)/thirteenth month(6.837K)

  as we see growth of held tokens by holders decreases at first but as we get closer to recent months we see that growth of held tokens increases rapidly.

• Bubble chart: this chart above gives us better view of volume held by holders on each month and as we see majority of months has volume around 20k-25k held volume.

Chart above shows top 10 $dydx holders before 2022/06/01 in which their total held token is more than 288M $dydx.

Donut charts below are showing top 10 holders of $dydx token on 4 different time frames which are top 10 holders before 2022/06/01, before 2022/09/01, before 2023/02/01 and top 10 holders currently. which by comparing them we will understand how has top 10 holders changed during theses time frames.

Chart above shows top 10 $dydx holders before 2022/09/01 in which their total held token is more than 295M $dydx.

Chart above shows top 10 $dydx holders before 2023/01/01 in which their total held token is more than 614M $dydx.

These wallets has been removed from top 10 list towards current time:

• 0xb96eecf2b77bd21b16a7cd4d73771e67148b23f1
• 0x9cf650b517e7abf4d10dcd785e5398aac7c19e30
• 0xe65990ea9857f450b8bb47cacddce03e247031ff
• 0x72493c888100bcd7a7d2c113db772556b676f4f7
• 0x976a66bd0aa955924ae47769ab13b00004d3b8d6
• 0x073304fc9f5fa78964627ead4293851fa4a26bb6
• 0x318508af8e7b43980a09ad7cd7cea8a7d29b4629

These wallets has been added to top 10 list towards current time:

• 0xb9431e19b29b952d9358025f680077c3fd37292f
• 0x08a90fe0741b7def03fb290cc7b273f1855767d8
• 0xe710ced57456d3a16152c32835b5fb4e72d9ea5b
• 0xf977814e90da44bfa03b6295a0616a897441acec
• 0x639192d54431f8c816368d3fb4107bc168d0e871
• 0xc7c914a5630940db34671892189f96251ec23741
• 0x408a38f4bd05f255b6c1defc24bce9d3a29ba2b9

These wallets has been stayed in the top 10 list towards current time:

• 0xf95746b2c3d120b78fd1cb3f9954cb451c2163e4
• 0xcc9507708a918b1d44cf63fab4e7b98b7517060f
• 0xd21ba8468fbf53e050d01c11e5fe8f01b18b553f

Also we can see that volume of held token s by top 10 holders ahs been increased significantly from 2022/06/01 which current top 10 holders hold 344M more $dydx than top holders of before 2022/06/01

Conclusions

• Number of holders grew massively at first from August 2021 to November 2021 and at the second time from from October 2022 to January 2023, which shows lately number of holders grew considerably.

• Volume of held tokens grew massively at first from July 2021 to August 2021 and at the second time from December 2022 to January 2023, which shows lately volume of held token grew considerably.

• Number of new holders has increased in late December 2022 towards 2023 which shows more users are holding $dydx recently.

• Growth of latest month of held token volume by $dydx holders is highest which means as we get closer to next months event holders are holding more $dydx token.

• Held token volume by top 10 holders has increased massively compared to last 6 months which also shows holders are holding more tokens now.

  From conclusions gathered above we can see that as we get closer to token unlocking event token holders and their held volume is increasing which shows this event has not affected behaviours of holders yet but we can say that this event has positive affect and has attracted more holders to hold more tokens so far.

Introduction

What is DYDX currency and what is it for?

The reason for the widespread success of the dYdX exchange is the DYDX currency and its generous rewards. Earning rewards from dYdX is not as difficult as you think; It is enough to participate in its protocol.

dYdX cash stock pool

Decentralized liquidity is the main key to the success of the dYdX exchange. Without the presence of cash investors in a decentralized network, this network will not be able to respond to the exchange's needs and compete with centralized exchanges.

To encourage investors, dYdX rewards anyone who buys DYDX currency by importing USDC. 25 million DYDX tokens are now available as part of the reward for this investment, which is only 2.5% of the total DYDX token reserve.

After you enter your desired amount in USDC into the protocol, you provide your capital to the pool and receive stkUSDC. After that, you select your tokens as active tokens to be added to the pool's usable liquidity. From here on your capital will start earning new DYDXs and you will share in the transaction fees.

dYdX trading bonus

If you cannot buy dYdX shares in cash, there is another way to earn DYDX tokens. You can own DYDX tokens by trading on dYdX decentralized platform.

At the same time you are trading, you will be awarded a certain amount from the total of 250 million DYDX tokens. This number is equivalent to 25% of the total dYdX token reserve available to the users of this platform.

DYDX currency as management fee

This section may not directly lead to rewards, but it can eventually bring you such benefits. DYDX token is also used to manage basic protocol issues. In other words, by having this token, you can vote for the trends that are ultimately in your favor and thereby participate in an indirect reward or prevent the formation of trends that do not suit your interests with your negative vote.

Question

DYDX holders are bracing for a massive event next month, as 105% of the circulating supply will be distributed to investors and team members.

Have holders begun preparing for this massive unlock? If so, what actions are they taking to prepare? How do you expect the market to react in the weeks leading up to and following the unlock? Back up your assertions with data.

Methodology

For solving this bounty only holders of $dydx have been examined. and only Table ==ethereum.core.ez_current_balances== has been used to extract needed data, and examined parameters of holders are listed below:

1. Total number of holders
2. Cumulative number of holders (weekly, monthly)
3. Cumulative volume of held tokens (weekly, monthly)
4. Number of new holders (weekly, monthly)
5. Holders quantity (monthly)
6. Top 10 holders of 4 time frames

From comparing and examining parameters above over time we can have a over view of how these holders behaving over time and how has massive token unlock is affecting their behaviours.