According to dYdX Foundation (@dydxfoundation), 41.7 million ethDYDX tokens remained unbridged following the official closure of the dYdX v3 Bridge. With the sunset of dYdX v3 products and the bridge shutdown, these unbridged ethDYDX tokens no longer hold any effective utility (source: dYdX Foundation, June 17, 2025). This event may lead to shifts in DYDX token liquidity and trading volume on centralized and decentralized exchanges, potentially impacting price action and arbitrage strategies for traders monitoring DYDX markets.

According to @dydxfoundation, the dYdX Community has passed a vote to cease support for the wethDYDX Smart Contract, also known as the Bridge. As a result, ethDYDX holders are no longer able to convert their ethDYDX tokens to DYDX on the dYdX Chain. Any ethDYDX tokens sent to the wethDYDX Smart Contract will now be permanently locked. This development creates an immediate halt in token migration, causing potential liquidity changes and affecting trading strategies involving DYDX and ethDYDX tokens. Traders should reevaluate their positions and monitor liquidity pools closely as the bridge functionality is now disabled. Source: @dydxfoundation (June 13, 2025).

According to @dydxfoundation, dYdX Trading Inc. has announced plans to sunset dYdX v3. In response, the dYdX Foundation has prepared a FAQ to address concerns related to v3 governance and ethDYDX tokenholders. Traders can learn more about the implications and next steps by visiting the provided link.