The dYdX exchange announced it has already bought back 7.5 million of its own DYDX tokens from the market as part of its buyback program and has now announced an additional tranche to purchase another 1.8 million DYDX.

The buyback reduces circulating supply and signals confidence from the protocol in its long-term economics, reinforcing DYDX’s positioning as a revenue-backed exchange token rather than a purely narrative asset.

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