dYdX Launches $20M Surge Program to Boost DeFi Trading

Decentralized exchanges have evolved from niche platforms to mainstream contenders, now offering liquidity and tools rivaling centralized counterparts. DYDX leads this charge with $1.5 trillion in lifetime volume, capitalizing on the CEX-to-DEX migration trend.

The exchange's Surge Program deploys $20 million in rewards over nine monthly seasons, incentivizing perpetual futures trading through volume-based metrics rather than profit thresholds. This design democratizes participation—seasoned traders and newcomers alike earn points through taker activity and fee contributions.

Chaos Labs collaborates on the initiative, which began in April 2025. Two seasons have already concluded, demonstrating dYdX's commitment to scaling decentralized derivatives markets through structured incentive mechanisms.