According to Lookonchain monitoring on December 1st, after DYDX was unlocked, some investors sold 7.5 million DYDX (worth $23.3 million) through Wintermute and Amber.<br>4 addresses deposited 6.83 million DYDX (worth $21.2 million) into Binance through Amber related address "0xb0d4".<br>4 addresses deposited 675,000 DYDX (worth $2.09 million) into Binance, OKX, and Gateio through Wintermute.

According to Lookonchain monitoring, AmberGroup just transferred 821,734 DYDX tokens (worth $2.56 million) to 2 wallets. On September 2, 2021, AmberGroup received 2.76 million DYDX tokens (worth $8.58 million) from the dYdX Foundation wallet, and currently has 1.92 million DYDX tokens (worth $5.98 million) remaining.

According to Scopescan monitoring, an address associated with the DYDX Foundation has transferred approximately 5.6 million DYDX tokens (valued at approximately $18.3 million) to Amber Group and ultimately to the cryptocurrency exchange platform Binance.

Lookonchain monitoring shows that 150 million DYDX have been unlocked 2 hours ago. Earlier news, this morning, multiple addresses sold large amounts of DYDX tokens through DEX, and more than $20 million worth of DYDX was transferred to Binance.

Spot On Chain has monitored that in the past 45 minutes, 5 addresses and whales are suspected of selling or depositing 6.25 million DYDX (20 million US dollars) through DEX on Binance:

According to official X account news, the daily trading volume of dYdX Chain has exceeded 30 million US dollars.

On November 29th, the dYdX community initiated a proposal vote for the "Approval of MEV Social Mitigation Strategy". The voting will end on December 3rd, 2023 at 13:49 UTC.<br>The proposal aims to launch a social strategy to reduce MEV by appointing a committee funded by grant money, representing active validators. The MEV Reduction Committee will consist of 7 members with a term of 6 months and a budget of $84,000 ($2,000 per member per month).

dYdX, a decentralized exchange, has launched its own native blockchain called dYdX Chain, which was built using the Tendermint consensus with the Cosmos SDK. The launch of the new chain includes a six-month incentive program, worth $20 million, for traders to receive rewards based on their activity. The rewards program is aimed at increasing trading volumes and liquidity, encouraging market makers to prioritize the dYdX Chain, and securing the chain through staking. The dYdX DEX currently offers markets for Bitcoin, Ethereum, Solana, and Chainlink, with plans to continuously add new markets in the future.

Chaos Labs has launched a $20 million dYdX Chain incentive plan aimed at promoting early adoption and seamless transition to dYdX Chain. The plan will last for six months and aims to encourage various participants to migrate and participate in dYdX Chain. The incentive methods involve specific goals for different user groups, each of which aims to maximize the effectiveness of the plan.

dYdX has officially announced that dYdX Chain will enter the full trading and production phase from the Beta stage through community voting on November 28, 2023. Currently, trading and reward distribution on the dYdX Chain have been launched, and ETH, BTC, SOL, and LINK can all be traded on the dydx.trade market. The dYdX Launch incentive program operated by Chaos Labs will be implemented in the next six months along with trading rewards.