End of dYdX Bridge Support Announced for June 2025 – Coincu

BlockBeats News reports the dYdX X Platform will end support for the Ethereum-based ethDYDX bridge on June 9, 2025. This announcement comes amidst a community proposal approved with 91% favorability.

The elimination of the ethDYDX bridge represents a definitive shift towards the dYdX Chain, affecting holders and liquidity pools across exchanges.

dYdX Bridge Support to End, Urgent Action Needed

Following a vote, dYdX Foundation’s governance team plans to cease support for the ethDYDX bridge. This move aims to consolidate dYdX operations on its native chain, a development primarily driven by the community’s overwhelming support for the transition.

As quoted by Mega from the Governance Team at the dYdX Foundation, “Following a community governance proposal on the dYdX Chain, support for the ethDYDX-DYDX bridge … is expected to end on June 9, 2025. … If you hold ethDYDX in one of these pools, we strongly encourage you to unwind your position and complete the migration to DYDX on the dYdX Chain before June 9, 2025.”

As a result of this decision, ethDYDX holders must migrate tokens promptly or face liquidity and value loss. The current bridging method will become obsolete post-deadline, underscoring the urgency for stakeholders to complete the transition.

Migration Trends: Market Impact and Historical Insights

Did you know? Token migrations similar to dYdX’s shift from Ethereum have historically rendered non-migrated tokens illiquid, as seen in prior cases like the BNB transition from ERC-20 to its chain.

As per CoinMarketCap, ethDYDX is trading at $0.54 with a market cap of $22.70 million. It has experienced a 0.26% increase over 24 hours but a 21.89% decline over 30 days. The 24-hour trading volume stood at $8.81 million, with a circulating supply of 42.33 million as of June 8, 2025.

Coincu’s research team notes the migration of tokens often influences liquidity and utility, potentially affecting regulatory outlooks in decentralized finance. These outcomes are contingent on market adaptation to new systems following the bridge’s conclusion.