According to dYdX Foundation, Chaos Labs has submitted a proposal on the dYdX Forum to distribute $1.45 million (2,377,049 DYDX) from the Community Treasury to 1,969 eligible traders who participated in Season 4 of the dYdX Surge Program. All eligible addresses and detailed data have been made publicly available. This proposal, if approved, could impact DYDX token liquidity and trading volumes as recipients may choose to trade or hold their newly received tokens. Source: dYdX Foundation.

According to dYdX Foundation, the Eclipse (ES) token is now listed for trading on the dYdX platform. As a significant trading incentive, the ES market has been added to the Surge Program, making it eligible for a 2x rewards multiplier. This boosted reward structure also applies to the PUMP and BONK markets as of July 21. Traders engaging in these specific markets will earn a 2x point multiplier for the remainder of the current rewards season, presenting a strategic opportunity to maximize earnings from the program.

According to dYdX Foundation, the Surge Program's boosted markets have been adjusted. The foundation announced that BONK has been added to the list of boosted markets, while XRP, SUI, ARB, and KAITO have been removed. The currently active boosted markets are now PUMP and BONK. Traders participating in these specific markets will earn double (2x) rewards on their trades, as stated in the update.

According to dYdX Foundation, the PUMP token ($PUMP) has been added as a Boosted Market in the dYdX Surge Program after achieving over $1.4 million in trading volume within its first 24 hours on the platform. This new status allows traders to earn double (2x) reward points on all PUMP taker trades, creating a significant incentive for increased trading activity.

According to the dYdX Foundation, the dYdX Surge Program Season 4 is now live, continuing one of the largest incentive initiatives in the DeFi space. The program is specifically designed to boost liquidity, reward genuine trading activity, and increase the overall usage of the dYdX protocol. The foundation highlighted the scale of the rewards by noting that approximately $1.4 million was distributed to traders during Season 3, setting a significant precedent for potential rewards in the current season for active participants on the decentralized exchange.