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.

According to @dydxfoundation, the recent governance vote on the dYdX platform had a 52.61% turnout with 86.86% voting 'Yes'. This demonstrates strong support for the proposal, indicating positive sentiment among the 510 participating accounts. The absence of 'No' votes and the 13.14% abstention may suggest strategic non-participation or neutrality among some stakeholders.