Wagyu Bull Run Cup S3 Results: Analyzing a $36.8M Trading Battle with Prizes for Top Losers
Table of Contents
- Introduction
- Competition Overview
- Innovative Prize Structure: Celebrating All Participants
- Overall Performance Analysis
- Top Performer Deep Dive: ROI vs. PnL
- Volume Titans and Trading Styles
- Conclusion
Introduction
The dYdX Trading Arena once again played host to a thrilling community-led event, the "Wagyu Bull Run Cup S3." Hosted by boarding bridge (bb), one of Japan's largest crypto communities, the competition ran from November 11 to November 24, 2025. This latest installment not only generated staggering trading volume but also continued the tradition of an innovative and inclusive prize structure that celebrates all forms of participation.
This article breaks down the competition's results, exploring the overall market performance, the strategies of top traders, and the unique prize categories that set this event apart.
Competition Overview
The event drew dozens of traders from the bb community, who collectively generated immense activity on the dYdX protocol over the two-week period.
- Duration: November 11 - November 24, 2025 (2 weeks)
- Platform: dYdX Trading Arena
- Host: boarding bridge (bb)
- Total Trading Volume: Over 36,800,000 USDC
- Total Fees Generated: Approx. 246.45 USDC
- Minimum Deposit: 200 USDC
The massive trading volume, with the top three participants alone accounting for over $23.7 million, underscores the significant liquidity and engagement that community-driven competitions bring to the dYdX ecosystem.
Innovative Prize Structure: Celebrating All Participants
What truly distinguishes the Wagyu Bull Run Cup series is its multifaceted prize structure. The ~$4,000 prize pool, distributed as premium Wagyu beef and other rewards, was split across several categories to honor different trading achievements:
- ROI Prize: Rewarded the top 10 traders based on Return on Investment.
- PnL Prize: Awarded to the top 3 traders with the highest absolute profit.
- Trading Volume Prize: Celebrated the top 3 highest-volume traders.
- Loss Amount Prize: A novel category that rewarded the top 5 traders who incurred the largest losses, acknowledging their courage and risk-taking.
- Lucky Prizes: Randomly selected winners to give everyone a chance to win.
This inclusive approach fosters a supportive community atmosphere, recognizing that all participants, not just the most profitable ones, contribute to the event's success in the high-stakes, zero-sum environment of trading.
Overall Performance Analysis
The data clearly indicates that the two-week competition period was a formidable challenge for traders, with the participant pool experiencing a collective net loss.
| Metric | Value |
|---|---|
| Overall Net PnL of Participants | -$13,065.87 |
| Overall ROI | -33.9% |
This negative net PnL highlights a difficult market environment and reinforces the inherent risks and challenges of leveraged trading.
Top Performer Deep Dive: ROI vs. PnL
A fascinating narrative emerges when comparing the top performers in Return on Investment (ROI) and absolute Profit and Loss (PnL).
Top 3 by ROI
| Rank | Name | ROI | PnL (USDC) |
|---|---|---|---|
| 1 | Akii | 109.97% | +$224.92 |
| 2 | SUI刑事 | 78.40% | +$156.80 |
| 3 | 生(謀反人) | 69.02% | +$140.77 |
Top 3 by PnL
| Rank | Name | PnL (USDC) | ROI |
|---|---|---|---|
| 1 | Yodomisan | +$4,235.54 | 41.36% |
| 2 | Akii | +$224.92 | 109.97% |
| 3 | Nisssiiiin | +$164.70 | 68.98% |
This data highlights two distinct paths to success. Yodomisan secured the top spot for absolute profit with an impressive PnL of +$4,235, achieved with a 41.36% ROI on a substantial baseline of over $10,000. In contrast, Akii claimed the highest ROI at nearly 110% but with a smaller absolute profit of +$225 on a baseline of around $200. This showcases the difference between a strategy of leveraging a larger capital base for significant dollar gains versus a strategy focused on highly efficient, high-percentage returns on a smaller investment.
Volume Titans and Trading Styles
The competition's volume was dominated by a few power traders who drove the majority of the activity.
Top 3 by Trading Volume
| Rank | Name | Total Volume (USDC) |
|---|---|---|
| 1 | ADMEN | 14,755,826 |
| 2 | sammysammy | 5,545,004 |
| 3 | All money 10m yen at year end | 3,440,239 |
Notably, none of the top three volume generators appeared on the top ROI or PnL leaderboards. This reinforces a crucial lesson in trading: immense activity does not automatically translate to profitability. While these traders are vital for driving liquidity on the dYdX protocol, their high-frequency strategies often come with increased risk that can impact net returns.
Conclusion
The "Wagyu Bull Run Cup S3" was another testament to the power of community-driven events on the dYdX Trading Arena. The competition successfully generated over $36.8 million in volume, demonstrating the vibrant engagement that communities like boarding bridge bring to the ecosystem.
The innovative prize structure, which rewards not only profit and volume but also acknowledges the risks taken by all, continues to set a new standard for inclusivity. The results offer invaluable lessons on strategy, risk management, and the diverse paths traders can take in pursuit of success.
The dYdX Trading Arena will continue to partner with global community leaders to host more exciting competitions. To get involved in future events, visit the official website at https://dydxarena.com/.