Although Dydx is the “frontrunner” of perp DEX, but in recent months it has almost become the opposite of perp DEX. Dydx's market share has been gradually eroded by several other perp DEX. After two years of change, Dydx is not getting stronger, but rather regressing. From its initial 80% market share, Dydx has been weakened to a mere 6%. In this wave of meme boom, Dydx didn't eat much dividend except for announcing to be Pump, and recently there are news of layoffs and personnel changes, which shows the depth of its decline.