it's kind of a portmanteau if you will. Back in 97 when DX was actually relevant and still called themselves "the Kliq" for lack of a better term, Bret Hart would call the group "a bunch of degenerates" and since Shawn and Hunter were both born in the era of Generation X they stated that they were "tired of Generation X getting a bad rap" and put two and two together thus christening themselves D Generation X.
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that would be rage against the machineor as they said, the DX Band
DX is a tag team formed by Triple H, HBK, and other (former) WWE wrestlers. DX stands for D-Generation X, commonly known among fans and others as DX.
D-Generation-X (or simply DX) sent them "somewhere else", and only Kenny and one other returned, one is now Dolph Ziggler.
Triple H and Shawn Michaels !
Shawn Michaels reitred so dx disbanded.