According to Charles d'Haussy (@charlesdhaussy), dYdX governance has officially decided to close the bridge connecting $ethDYDX on Ethereum to the native dYdX chain. This action requires $ethDYDX token holders to migrate their assets promptly to the dYdX chain, as future transfers across the bridge will be disabled (source: Twitter, May 6, 2025). Traders should monitor migration deadlines closely and anticipate potential short-term volatility in both $ethDYDX and $dydx chain assets. This decision could affect liquidity and trading volumes on Ethereum-based platforms, with implications for DeFi users and arbitrage strategies reliant on cross-chain flows.