According to @dydxfoundation, dYdX governance was highly active in the first half of 2025, passing 57 out of 60 on-chain proposals that focused on software upgrades, community spending, and protocol parameter updates. Two major trading-impacting decisions included the launch of the DYDX Buyback Program, which is expected to influence DYDX token liquidity and price dynamics, and the closure of the ethDYDX bridge, with 95.8% of tokens successfully migrated. These actions signal a strong move toward protocol sustainability and efficient token management, which are likely to affect DYDX market performance and investor sentiment (source: @dydxfoundation).

According to Charles | dYdX on Twitter, ethDYDX token holders must bridge their tokens before the official bridge closure to maintain access and liquidity. Traders are advised to check with their crypto exchanges to ensure bridging is completed, as some platforms may not have performed this step automatically. This deadline impacts trading volume and price discovery for DYDX, as unbridged tokens may lose utility after the bridge closes (source: Charles | dYdX via Twitter, beincrypto.com). Timely action is critical for crypto traders seeking uninterrupted trading and avoiding potential loss of asset value.