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BONK Continues to Outperform SOL and Leading Memecoins

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  • BONK continues to show resilience, outperforming other memecoins even in market downturns.
  • Acts as a leveraged bet on Solana’s growth without the risk of liquidation.
  • Institutional interest and an upcoming ETF decision could be major price catalysts.
  • BonkBot’s buy and burn mechanism supports long-term price stability.

BONK has once again proven its dominance in the memecoin sector, showing incredible strength against Solana (SOL) and other top-tier tokens. Even in the slightest market bounce, BONK has consistently surged ahead, making it one of the most resilient assets in the current crypto landscape.

While many memecoins have struggled through recent downturns, BONK has held its ground, reinforcing its position as the leading memecoin within the Solana ecosystem.

What sets BONK apart is its ability to act like a three-times leveraged bet on SOL’s performance without the risks of liquidation. Investors seeking exposure to Solana’s growth have increasingly turned to BONK as a more accessible and potentially higher-reward alternative.

Its market cap has also displayed remarkable stability, holding strong at around $1 billion even during harsh corrections, whereas many other memecoins of similar size saw their valuations drop significantly.

Institutional Interest and Staking Model Drive BONK’s Growth

One of the biggest catalysts for BONK’s potential growth is its institutional interest. It remains one of the only memecoins with an ETF filing, alongside Dogecoin and TRUMP.

A decision on its approval is expected by April, which could serve as a major price catalyst. Additionally, the BONK ETP has already been approved and is anticipated to launch soon, further solidifying its position in the market.

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BONK Continues to Outperform SOL and Leading Memecoins 2

Another key factor contributing to BONK’s long-term sustainability is BonkBot, a high-fee-generating dApp that creates continuous buy and burn pressure. In some months, this mechanism removes up to seven figures worth of BONK from circulation, supporting price stability and long-term value. Additionally, BONK’s staking model is uniquely structured to reduce sell pressure.

Unlike traditional staking mechanisms that dilute supply through newly minted rewards, BONK’s staking emissions come entirely from community-driven activities such as BonkBot, Bonkswap, and the Validator. This ensures that staking rewards are sourced from market buys rather than an inflationary token issuance.

As the crypto market prepares for a potential memecoin resurgence, BONK remains one of the strongest contenders for significant gains. With a combination of strong fundamentals, institutional backing, and an ecosystem designed for sustained growth, accumulating BONK at current levels could prove to be a strategic move ahead of the next major rally.

Memecoins have historically rebounded with immense strength, and if that trend continues, BONK may be positioned to lead the next explosive surge.

Read More: Bitcoin (BTC) Eyes $90K: Is This the Start of a New Bull Run?

Kraken Eyes $1B Debt Funding Ahead of IPO 

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  • Kraken is currently working with JPMorgan and Goldman Sachs to raise up to $1 billion in debt to support exchange expansion as it prepares for a potential IPO early 2026.
  • The Crypto exchange recently acquired NinjaTrader for $1.5 billion to further strengthen its services in the derivatives market
  • The hiring of Carrie Dolan as CFO in 2022 shows Kraken’s IPO ambitions, given her experience in taking LendingClub public in 2015.

Kraken is planning to raise up to $1 billion in debt as it is preparing for a possible IPO early next year. This move aims to boost the company’s expansion and further strengthen its market position before it finally goes public. 

Kraken, a well known cryptocurrency exchange, is currently working with two big financial companies, JPMorgan and Goldman Sachs, to help raise funds and strengthen the exchange’s financial position.  

According to Bloomberg, the company is considering a debt package between $200 million and $1 billion, as of the time of writing, all discussions regarding the debt are still in the early stages. The raised capital is said to be used to support the exchanges’  expansion rather than its daily operations; banks and lenders may also participate in the deal. However, there has been no official statements or reports from Kraken and the other involved financial institutions 

Kraken’s Possible Plans to go Public 

Bloomberg has also been covering Kraken’s plans to go public for almost a year now, with different speculation coming up after Donald Trump’s election as U.S. president. Some reports suggest that the crypto exchange might launch its IPO in early 2026.

It could also be said that the hiring of Carrie Dolan as the crypto exchange CFO in 2022 contributed to the company wanting to go public, as she previously played a key role in taking LendingClub public in 2015, one of the biggest internet IPOs in U.S. history.

Kraken’s Major Acquisition 

Kraken recently bought NinjaTrader, a well-known crypto platform for trading futures, for $1.5 billion. This move strengthens its position in the crypto derivatives market and also aligns with its broader strategy to expand into different asset types, including equities and payments.

With over 10 million users across 190 countries and trading volumes surpassing $207 billion every quarter, this move would definitely cause the exchange platform to continually grow. 

Related Reading | XRP’s Multi-Year Bull Flag Signals Rally—Can It Hit $1,452?

Arizona Crypto Reserve Bills Advance to Full House Vote

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  • Arizona’s House Rules Committee advanced SB 1373 and SB 1025, enabling a crypto reserve.
  • SB 1373 allows up to 10% investment from confiscated assets, while SB 1025 targets Bitcoin.
  • Governor Katie Hobbs, with a 22% veto rate, may pose the final legislative hurdle.

Arizona is moving closer to creating a state-backed digital asset reserve. Two bills, SB 1373 and SB 1025, cleared the Arizona House Rules Committee on March 24 and are now set for a full vote on the House floor. If passed, these bills would allow the state to establish reserves made up of confiscated digital assets and public funds.

Both bills have a strong chance of passing in the Republican-controlled House of Representatives, where the party holds a 33-27 majority. However, the final challenge may come from Democratic Governor Katie Hobbs, who has vetoed 22% of all bills in 2024, the highest rejection rate of any U.S. governor.

Crypto reserve bills
Source: Bitcoin Laws

Breaking Down Arizona’s Crypto Reserve Bills

The Strategic Digital Assets Reserve Bill (SB 1373) focuses on digital assets obtained through criminal proceedings. Sponsored by Republican Senator Mark Finchem, this bill proposes that the state treasurer manage the reserve. The treasurer would be allowed to invest up to 10% of the fund’s value each year and could loan assets to increase returns—so long as the strategy does not heighten financial risk.

Meanwhile, the Arizona Strategic Bitcoin Reserve Act (SB 1025) takes a more direct approach to Bitcoin. If passed, it would allow Arizona’s Treasury and state retirement system to invest up to 10% of available funds in Bitcoin. Additionally, it includes a provision for storing the state’s Bitcoin in a segregated federal Bitcoin reserve, should one be created.

If the United States Secretary of the Treasury establishes a strategic Bitcoin reserve for the storage of government Bitcoin holdings, a public fund may store the virtual currency holdings of the public fund in a secure segregated account within the strategic Bitcoin reserve,” the bill states.

Arizona Leads, but Other States Are Catching Up

Arizona is not alone in its pursuit of state-backed digital reserves, as other states are also moving in the same direction. Oklahoma’s House recently approved its Bitcoin Reserve Bill HB1203 by a vote of 77-15 on March 25. The bill will now move to the state Senate for consideration.

Earlier this month, the Texas Senate passed the Strategic Bitcoin Reserve Bill (SB-21) with a 25-5 vote. The bill awaits approval from the House and governor, while Democratic Representative Ron Reynolds has proposed capping the reserve at $250 million.

Meanwhile, Utah recently passed a Bitcoin-related law, but the provision for creating a strategic reserve was removed at the last minute. Senator Kirk A. Cullimore, who sponsored the bill, admitted that concerns about early adoption and cryptocurrency’s risks played a key role in the decision. 

We had a lot of concern about being early adopters—whether it was a good idea, whether it was risky, and differing personal opinions on cryptocurrency investment potential,” he said.

Despite the momentum, hesitation remains strong among U.S. lawmakers. A recent CoinDesk survey revealed that fewer than half of state legislators would support government-backed crypto investments unless federal regulations provide clearer guidance. The main concerns are volatility, long-term stability, and the lack of federal oversight.

Related Readings | 21Shares Expands European Crypto Reach with New ETP Listings on Nasdaq Stockholm

XRP’s Multi-Year Bull Flag Signals Rally—Can It Hit $1,452?

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  • Crypto analyst “Steph is Crypto” predicts XRP could hit $1,452.81, a 59,933.47% surge.
  • Rumors suggest MicroStrategy’s Michael Saylor may shift $21B from Bitcoin to XRP.
  • The cryptocurrency faces resistance at $2.480, with support at $2.350; RSI signals weakening momentum.

A prominent crypto analyst  “Steph is Crypto,” has projected a substantial long-term surge in XRP’s value, estimating a future price of $1,452.81. This projection stems from the emergence of a multi-year bull flag formation, a widely recognized technical chart pattern signaling strong upward momentum following extended market consolidation. 

According to Steph, XRP has exited a downward channel that’s defined the token’s movement for several years. His chart shows that the token has now entered a fresh phase, hinting at a long-term rally.

Steph’s chart uses the height of the original price movement—often called the flagpole—to project the next possible leap. The resulting figure places the token’s potential price at $1,452.81, a jaw-dopping 59933.47% increase from the current price of $2.42.

“I don’t even want to give you this #XRP price target! You’re definitely not bullish enough,” Steph said.

XRP 9
Source: Steph is Crypto

$21B Bitcoin-to-XRP Rumors Spread

Adding more weight to the optimistic forecast, discussions are heating up around a potential portfolio adjustment by Michael Saylor, the chairman of MicroStrategy. Rumors suggest that a $21 billion shift from Bitcoin into XRP is being considered. Although purely speculative at this point, analysts argue that such a move could spark a sharp upward rally, possibly propelling it toward $1,000.

At present, XRP is showing signs of resilience. The token managed to recover above the $2.320 level, pushing through the $2.40 and $2.420 resistance points. Even though it tested the $2.50 barrier, the price couldn’t maintain upward momentum and faced a minor pullback.

Still, the broader structure looks encouraging. After clearing half of the previous downward wave from $2.580 to $2.354, the cryptocurrency remained above key support levels, including the 100-hour Simple Moving Average.

XRP Struggles at Key Resistance

Currently, XRP is navigating resistance zones near $2.450 and $2.480. If buyers succeed in breaking these, the price could touch $2.50 again, which aligns with the 61.8% Fibonacci retracement of the last downward movement. A break above $2.50 may open doors toward $2.550 and possibly even $2.650 or $2.6650 in the short term.

xrp 11
Source: Trading View

However, this upward movement isn’t guaranteed. If it stumbles at $2.480, another pullback could be on the cards. Support lies at $2.40 initially, followed by a more critical support around $2.350. A drop below this could bring the price down to $2.320, and if momentum slips further, $2.250 might be the next area to watch.

Momentum indicators are flashing mixed signals, for instance, XRP’s hourly RSI is now under 50, suggesting slowing strength. Similarly, the MACD is losing pace in its bullish push.

Related Readings | Dogecoin Reserve Launched: $1.8M DOGE Purchase Kicks Off Initiative

ADGM Teams Up with Chainlink in a High-Impact Move for Blockchain Growth

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Key Takeaways

  • Chainlink and ADGM form an alliance to enhance tokenized asset utility in the UAE.
  • The partnership ensures compliance with evolving blockchain regulations.
  • Joint initiatives will focus on interoperability, security, and regulatory dialogue.

Chainlink has entered into a strategic alliance with Abu Dhabi Global Market (ADGM), a major development in the UAE blockchain ecosystem. The pact will encourage compliant tokenization systems, elevating blockchain’s position in financial markets.

ADGM, being a world-class international financial center, is leveraging the expertise of Chainlink to support projects under its Registration Authority.

As blockchain technology evolves at a rapid rate, this collaboration positions ADGM at the forefront of global adoption. Chainlink’s offering of services, including blockchain interoperability and provable data solutions, will be key in facilitating seamless transactions.

This step is in line with ADGM’s dedication to creating a well-regulated environment that promotes technological innovation.

Enhancing Blockchain Interoperability and Compliance

The partnership highlights the growing importance of regulatory compliance in blockchain adoption. ADGM and Chainlink will work together to create compliance standards for tokenized assets to fit into global financial regulations. The plan is expected to set a new benchmark for transparency, security, and efficiency in digital asset management.

Chainlink, being an already developed financial markets provider, is bringing in its big network and expertise. Its products have already enabled over $19 trillion in transaction value, proving their reliability across a range of industries.

The collaboration is also aligned with ADGM’s vision of creating a regulated, interoperable blockchain environment that is favorable to institutional adoption.

By embracing Chainlink’s blockchain technology infrastructure, ADGM aims at enhancing liquidity in the global markets. Of major concern will be the maximization of the efficiency of cross-border transactions, enabling enterprises to access blockchain technology more easily.

Driving Innovation Through Education and Strategic Engagement

As part of the deal, ADGM and Chainlink will organize educational programs to promote awareness of blockchain. Panel discussions and workshops will cover pressing topics such as tokenization, proof of reserves, and blockchain standards of the future.

These programs aim to equip businesses and regulators with the information they require to function in the rapidly evolving digital asset space.

This collaboration underscores ADGM’s innovation push, cementing its status as a global frontrunner in blockchain regulation. By working with Chainlink, ADGM is leading the way for the widespread use of blockchain technology within a compliant framework.

The partnership is expected to influence regulatory innovation in the future, paving the way for new opportunities in decentralized finance. Nevertheless, the UAE is still solidifying its position as a hub for blockchain innovation, with ADGM playing a leading role in spearheading the future of the industry.

Related Reading | BONK Breaks Out: Memecoin Surges 25%, Eyes Further Upside Move

Circle Expands Operations: USDC Becomes Japan’s First Approved Stablecoin

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Key Takeaways

  • USDC becomes the first stablecoin approved for use in Japan, marking a major milestone for Circle.
  • Circle forms a strategic joint venture with SBI Holdings to expand stablecoin adoption.
  • Leading Japanese exchanges, including SBI VC Trade, Binance Japan, and bitFlyer, set to list USDC.

Circle has officially entered the Japanese market with a groundbreaking achievement, becoming the first company to have a global stablecoin approved for use under Japan’s financial regulations.

After more than two years of engagement with regulators and industry players, Circle secured approval for USDC, positioning it as a key player in Japan’s growing digital finance sector. The move is expected to unlock new opportunities in payments, cross-border transactions, and foreign exchange markets.

The approval paves the way for a deeper integration of stablecoins into Japan’s financial ecosystem. With regulatory backing, Circle aims to offer businesses and institutions a reliable digital dollar, fostering confidence among traders and investors.

The entry into Japan aligns with the company’s broader strategy to expand its footprint in Asia, ensuring USDC’s liquidity and usability in a highly regulated environment.

Strategic Partnerships Fuel USDC Adoption

Circle’s success in Japan is backed by a strategic relationship with SBI Holdings, one of Japan’s financial leaders. SBI VC Trade, a subsidiary of SBI Holdings, played a key role in achieving regulatory approval for USDC and is set for full launch on March 26.

This will be followed by listings on the major Japanese exchanges, including Binance Japan, bitbank, and bitFlyer, to further grow USDC’s reach.

With the addition of USDC to its ecosystem, SBI Holdings seeks to enhance the accessibility of digital assets and facilitate frictionless transactions. The partnership extends beyond trading, with a focus on the application of stablecoins in payment, settlement, and treasury management.

Circle’s Japanese subsidiary, Circle Japan KK, will lead the adoption drive, working in tandem with financial institutions and businesses to advance stablecoin applications.

Enhancing Market Infrastructure and Digital Finance

With the launch of USDC in Japan, Circle is committed to developing the country’s digital finance infrastructure, providing businesses with a stable and transparent digital dollar.

The fully reserved and cash- and cash-equivalent-asset-backed USDC is stable and trustworthy, and this makes it an attractive option for institutional and retail users.

Japan has been at the forefront of blockchain and Web3 adoption for a long time, and this regulatory nod is a watershed moment for stablecoin integration into its financial system.

By introducing USDC to Japanese businesses and consumers, Circle is bridging traditional finance and blockchain-based services. The move is expected to open doors for other international stablecoins, leading to wider adoption and regulatory clarity in international markets.

Related Reading | SEC Shifts Focus from Crypto Enforcement to Traditional Regulatory Concerns

Dogecoin Reserve Launched: $1.8M DOGE Purchase Kicks Off Initiative

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Key Takeaways:

  • Dogecoin Foundation’s business arm, House of Doge, launches the Official Dogecoin Reserve with a 10 million DOGE purchase.
  • The initiative aims to enhance Dogecoin’s practicality as a global payment solution.
  • Strategic partnerships are expected to accelerate real-world adoption in commerce.

The Dogecoin Foundation has taken a giant step in solidifying Dogecoin’s position as a widely accepted global currency. The foundation, via its newly created business arm, House of Doge, has established the Official Dogecoin Reserve.

To seed the initiative, the reserve has bought 10 million DOGE, valued at approximately $1.8 million at current market prices. The strategic move affirms a commitment to building liquidity in addition to stability, critical to any digital asset on the path to mainstream adoption.

House of Doge is a solution to one of the longest-standing problems in the cryptocurrency space, transaction lag times. Through its dedicated reserve, the foundation is working towards enabling users and merchants to utilize DOGE as a frictionless payment option without the wait times historically associated with blockchain transactions.

The project hopes to render DOGE a stable, fast, and inexpensive means of payment for payment systems compared to traditional systems, creating a community in which both merchants and consumers can transact with trust.

Turning Dogecoin into a Mainstream Payment Option

The Dogecoin Reserve launch is in line with House of Doge’s overall vision of taking DOGE mainstream in everyday transactions. Unlike most cryptocurrencies that are beset with problems of usability in real-world commerce, DOGE’s low transaction fees and sustainable supply mechanism make it ideal for a decentralized payment network.

The House of Doge envisions a future where merchants can accept DOGE at checkout with immediate confirmation, eliminating the friction that has a tendency to afflict crypto payments.

House of Doge aims to boost merchant acceptance via cashback rewards and discounts for sellers, positioning DOGE as a serious payment option. Its reserve will offer liquidity, allowing for seamless fiat conversion and bridging crypto and traditional finance.

Strategic Partnerships to Drive Adoption

House of Doge’s commitment to pushing Dogecoin into mainstream commerce will be further solidified through future strategic partnerships. Such partnerships will focus on incorporating Dogecoin into mainstream payment infrastructures, making it easier for merchants to accept and process DOGE payments.

The foundation will partner with acquiring payment platforms, payment processors, and retail merchants to demonstrate the scalability of the cryptocurrency.

As outlined in its roadmap, the House of Doge will also be involved in technological enhancements to boost the speed of transactions and the scalability of the network. With these innovations, Dogecoin will transcend its meme origins to emerge as a serious player in the global payments sect

Related Reading | dYdX Token Price Rises After the Introduction of Buy Back Program 

SEC Shifts Focus from Crypto Enforcement to Traditional Regulatory Concerns

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  • SEC shifts focus to insider trading and fraud, easing aggressive crypto enforcement.
  • Crypto probes now need SEC commission approval under tighter internal enforcement rules.
  • Paul Atkins’ confirmation could reshape U.S. crypto regulation toward a softer approach.

The U.S. Securities and Exchange Commission (SEC) has gradually changed its stance from extensive cryptocurrency enforcement. According to Sam Waldon, the acting enforcement director of the SEC, this change was announced on Monday as a new policy shift following years of aggressive regulation of the cryptographic asset market. Waldon stated that the SEC will focus its efforts on more traditional regulatory areas, such as insider trading, accounting fraud, and retail investor protection.

SEC Prioritizes Traditional Cases and Individual Accountability

At a securities industry event, Waldon emphasized that the SEC’s enforcement will increasingly prioritize long-standing concerns, including insider trading and fraud. According to Waldon, these focus areas align more with the agency’s standard regulatory framework. The acting director also underlined that the SEC will continue to pursue cases involving emerging technologies, including those that impact retail investors.

The shift toward individual accountability is a key element of the SEC’s new approach. Waldon noted that such cases are expected to gain traction with the current commission, which is keen to highlight wrongdoing at a personal level. The move signals a departure from the aggressive tactics of previous years, during which the SEC investigated numerous digital assets companies for alleged violations of securities laws.

Tighter Controls on Crypto Investigations and Future Oversight

Waldon also revealed that the SEC will tighten its internal processes, limiting enforcement staff’s ability to initiate formal crypto investigations without commission approval. While some see this as a restriction, Waldon played down the potential impact, stating that it is still early to assess how the changes will affect the agency’s work.

SEC enforcement activity for cryptocurrency received weaker support due to leadership changes by Paul Atkins under President Donald Trump. In a major agency restructuring phase the SEC changed its crypto enforcement stance and reduced legal actions against firms such as Ripple Labs and Kraken. The SEC focuses on developing regulatory standards for digital assets while taking less digital assets-based enforcement.

The confirmation of Paul Atkins would position him to guide the SEC through an essential period when the crypto industry faces regulatory changes. Under his leadership, the SEC would likely strengthen its new regulatory direction from the aggressive enforcement approach taken under former Chair Gary Gensler. Multiple industry experts predict his time as chair will establish a less rigid regulatory framework as it matches the Trump administration’s efforts to support digital asset investment and innovation.

Atkins’ nomination faces ongoing criticism from political leaders and regulatory agencies belonging to the Democratic Party. Issues persist regarding his connections to cryptocurrency-related firms whose potential conflicts might emerge during his role. His confirmation hearing on March 27 will decide important U.S. cryptocurrency regulatory policies because the SEC stands ready to lead major digital asset policy formation in the United States.

Worldcoin Eyes Visa Partnership to Expand Stablecoin Payments Services

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  • Worldcoin aims to transform its wallet into a multifunctional tool.
  • Visa’s network expansion boosts Worldcoin’s fintech and FX capabilities.
  • World Network integrates Rain for enhanced on-chain crypto card services.

Sam Altman’s Worldcoin is in talks with Visa to introduce stablecoin payments into the World wallet. The collaboration aims to extend World Wallet’s functions to include cryptocurrency identity verification, foreign exchange services and fiat deposits. This allows Worldcoin to utilize Visa’s merchant network to transform its wallet into a multi-functional financial tool.

WorldCoin Partners with Visa

Visa’s collaboration is part of its overall initiative to promote stablecoin adoption, after its successful USDC settlement program with Crypto.com. Visa offers stablecoin payments for cross-border settlements across blockchain networks such as Solana. The company’s infrastructure facilitates stablecoin reconciliation and currency conversion. This enables a user-friendly experience with World wallet.

This partnership enables World Wallet’s global customers to use stablecoins to make purchases. Additionally, this integration provides users access to the vast Visa network which makes the wallet more attractive . It also introduces advanced fintech functions such as fiat on-ramps and foreign exchange into the World Network ecosystem which unites traditional finance with cryptocurrency systems.

Worldcoin’s parent organization, Tools for Humanity, aims to integrate Visa card features into their World Wallet. This feature merges fiat and crypto offerings in a single self-custody wallet. Moreover, the company continues to explore joint opportunities with  crypto card service providers such as Rain which has previously worked with blockchain networks such as Optimism and Avalanche.

Rain recently secured $24.5 million to advance its crypto card services. The integration of Rain’s services allows World Network to provide secure identity-based financial transactions for its users. The initiatives position Worldcoin for stronger growth in the growing digital wallet market.

World App Introduces Secure Message Service

The World Network organization has introduced World Chat, a secure messaging application, which operates through the World App. This app enables users to send digital currencies through a secure network. Worldcoin’s combination of secure communication with financial services creates a seamless experience for verified users.

A successful partnership between Visa and World Network could enable users to access a secure system that offers digital asset management, foreign exchange and retail services. This marks a major step towards the adoption of blockchain-based financial tools into mainstream markets.

dYdX Token Price Rises After the Introduction of Buy Back Program 

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  • dYdX has introduced a Buyback Program, that would allocate 25% of the money made from fees monthly to buy and stake its tokens, with the goal of enhancing security and the token utility. 
  • 86% of dYdX tokens are available on dYdX Chain, with discussions coming up on banning Ethereum-based ethDYDX by June 2025.

dYdX, a decentralized exchange platform, has launched a buyback plan set out to improve the security of the token and further increase its usefulness. Over 85% of these tokens have been unlocked and are currently in circulation. The buyback program aims to add more value to the ecosystem.

On March 24, dYdX announced its plan to use 25% of its net fees every month to buy dYdX from the market and then stake it to further improve network security. If the project goes on successfully, this amount “staked” could increase to 100% of revenue. 

Following the news release, dYdX Token  rose almost 7% to a high of $0.72, despite the fact that it lost over 78% in the past year. This program is said to help strengthen investors’ confidence in the token and further reinforce its role in the platform’s economic system.

How dYdX Plans to Distribute Revenue

Previously, all the earnings from dYdX went to members of the ecosystem, but with the new buyback program, changes would be made to the distribution. Now, 40% goes to staking rewards, 25% each to the MegaVault and buybacks, and the other 10% goes to the Treasury SubDAO for financial stability. 

This setup aims to reinvest more money into the ecosystem, which would help improve security, governance, and foster long-term growth. While the program currently uses 25% of net fees for buybacks, more discussions are ongoing about raising this amount to 100%. 

How the Buy Back Program Strengthens dYdX Tokenomics 

The Buyback Program strengthens DYDX tokenomics as it comes closer to its release schedule. By March 1, 2025, 85% of dYdX tokens had already been issued, with emissions set to drop by half from June 2025. Since 2021, after dYdX launched, it has advanced in adoption, with all releases expected to end by June 2026. A major change occurred in 2023 when the network moved from Ethereum to its own Layer 1. 

As of the time of writing, 86% of tokens exist on dYdX Chain, while the other 14% remain on Ethereum as ethDYDX. The community has suggested ending support for the cross-chain bridge in June 2025, which could possibly remove unbridged ethDYDX from circulation permanently.

Related Reading | USDC Now Available on GCash as Digital Dollar Access Expands Locally