According to dYdX Foundation, the community approved the distribution of Surge Season 9 incentive rewards via dYdX Chain governance proposal 335; source: x.com/dydxfoundation/status/2009213626335514812, mintscan.io/dydx/proposals/335. Mintscan shows proposal 335 in Passed status, confirming authorization to distribute Season 9 rewards as specified in the proposal; source: mintscan.io/dydx/proposals/335. The announcement was posted on January 8, 2026, providing official confirmation that Season 9 rewards will be distributed to eligible participants per the proposal; source: x.com/dydxfoundation/status/2009213626335514812.

According to dYdX Foundation, Surge Season 9 incentives are continuing into January 2026 with 50 percent fee rebates, a 1 million dollar liquidation rebate pool, and fee holidays on BTC and SOL trading pairs. According to dYdX Foundation, the exchange is carrying December incentives into the new year, enabling active traders to lower execution costs on BTC and SOL during the fee holiday period.

According to @dydxfoundation, December incentives under Surge Season 9 include 50% fee rebates for UI and API traders, a $1M liquidation rebate to soften volatility impacts, and extended BTC and SOL fee holidays (source: @dydxfoundation, Dec 29, 2025). The same source specifies these incentives are live for December on dYdX and are aimed at reducing trading costs and mitigating liquidation-related losses during volatile conditions (source: @dydxfoundation, Dec 29, 2025).

According to dYdX Foundation, on chain derivatives are clearing nearly 1 trillion dollars per month, and its December 2025 Analyst Call reviews year end market conditions, a dYdX protocol overview, and an update on DYDX token buybacks (source: dYdX Foundation, Dec 23, 2025). The agenda lists trading fee discounts and fee holidays for BTC and SOL, which directly change trading costs on dYdX for active markets (source: dYdX Foundation, Dec 23, 2025). Additional topics include BONK integration with dYdX, Solana spot trading, FOXIFY integration, a Crypto.com campaign, Surge Season 9, and an ecosystem map, with a guest segment featuring the President of dYdX Labs (source: dYdX Foundation, Dec 23, 2025). The call is hosted by dYdX Foundation CEO Charles dHaussy and also covers IRL events in Abu Dhabi and a Q and A segment (source: dYdX Foundation, Dec 23, 2025).

According to dYdX Foundation, Surge Season 9 is now live and includes free trading on BTC and SOL markets. Source: dYdX Foundation on X, Dec 17, 2025. According to dYdX Foundation, UI and API traders receive 50% fee rebates during this season. Source: dYdX Foundation on X, Dec 17, 2025. According to dYdX Foundation, the season introduces a 1 million dollar liquidation-rebate program intended to deepen participation. Source: dYdX Foundation on X, Dec 17, 2025. According to dYdX Foundation, Surge remains a governance-driven mechanism to scale activity, reward usage, and strengthen liquidity across dYdX, with live markets available at dydx.trade. Source: dYdX Foundation on X, Dec 17, 2025.