Proof of Usefulness Report

dYdX

Analysis completed on 1/20/2026

+700
Proof of Usefulness Score
Category Standard

dYdX is a market-leading decentralized exchange with verifiable unicorn status, significant funding ($87M), and massive transaction volume ($2B+/day historical peaks). While the underlying project demonstrates exceptional utility, technical innovation, and market traction, the specific submission provided contains hyperbolic and inaccurate claims (e.g., 'most people have used my product', 'audience: everyone'), which negatively impacts the response quality and reach verification scores. The score reflects a top-tier project penalized slightly for a low-effort submission.

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Score Breakdown

Real World Utility+27
Audience Reach Impact+7
Technical Innovation+16
Evidence Of Traction+18
Market Timing Relevance+8
Functional Completeness+0
Subtotal+77
Usefulness Multiplierx0.9
Final Score+700

Project Details

Project URL
dydx.exchange
Description
dYdX is the world's leading decentralized exchange for crypto assets - focused on financial derivatives. Over $2 Billion a day is traded on dYdX.\n\ndYdX is built on smart contracts - programs that run directly on the blockchain. This means the exchange runs on open source code that everyone can access.\n\nWe've built a top team with experience from Coinbase, Google, Facebook, Bloomberg, and more. We've raised a total of $87M from Andreessen Horowitz, Paradigm, Polychain Capital, founders of Coinbase, Angellist, PayPal, and many other great backers.
Audience Reach
everyone
Target Users
everyone
Technologies
Blockchain, Investing, Social Media
Traction Evidence
most people have used my product

Algorithm Insights

Market Position
Strong market validation with clear user adoption patterns
User Engagement
Documented reach suggests active user community
Technical Stack
Modern tech stack aligned with sponsor technologies

Recommendations to Increase Usefulness Score

Document User Growth

Provide specific metrics on user acquisition and retention rates

Showcase Revenue Model

Detail sustainable monetization strategy and current revenue streams

Expand Evidence Base

Include testimonials, case studies, and third-party validation

Technical Roadmap

Share development milestones and feature completion timeline