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![VikramsinghKal8 Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1367299729655095296.png) Omie | RWA Hunter [@VikramsinghKal8](/creator/twitter/VikramsinghKal8) on x 1520 followers
Created: 2025-07-22 09:40:01 UTC

TVL dropped from $429M to $260M in H1 2025 — and yet…

💰 Revenue surged to $56.2M
📈 $20M+ in rewards distributed

While others chase vanity metrics and liquidity stunts, @dYdX is doing what actually matters:

✅ Real traders
✅ Real usage
✅ Real volume

This isn’t about inflated deposits — it’s about product-market fit, on-chain, at scale.

Performance speaks louder than deposits.
And dYdX is loud right now.

![](https://pbs.twimg.com/media/Gwc9BBBbEAEbvEM.jpg)

XXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1947592458604556570/c:line.svg)

**Related Topics**
[20m](/topic/20m)
[onchain](/topic/onchain)
[$20m](/topic/$20m)
[$562m](/topic/$562m)
[h1](/topic/h1)
[$260m](/topic/$260m)
[$429m](/topic/$429m)
[tvl](/topic/tvl)

[Post Link](https://x.com/VikramsinghKal8/status/1947592458604556570)