According to @charlesdhaussy, dYdX Surge Season 4 concluded with significant trading growth, achieving $7.9 billion in trading volume and an increase in protocol market share. Notably, capital efficiency improved as fees exceeded rewards by $633,000, signaling stronger protocol fundamentals. These positive outcomes have led to a more streamlined rewards structure for Season 5. Traders should monitor DYDX price action and liquidity as protocol changes could impact volumes and incentives. Source: @charlesdhaussy.