On November 12th, according to OKX market data, DYDX broke through $3.3 and is now priced at $3.371, with a 24-hour increase of 20.95%.

According to Yu Jin, 1 hour ago, CMS Holdings transferred 875,323 DYDX (worth $1.93 million) to Binance. In 2 days, a total of 1,286,873 DYDX ($2.9 million) was transferred to Binance, realizing a profit of $270,000 (+10%). CMS Holdings withdrew 2,286,873 DYDX ($4.68 million) from Binance and Bitget from 7/21-10/17 at an average price of $2.05. They currently hold 1 million DYDX tokens.

On November 3rd, the official dYdX Foundation announced that since the launch of the dYdX Chain mainnet, over 60.8 million ethDYDX tokens have been migrated across chains, and the total staked DYDX amount is 1.09 million tokens.

dYdX reported on X platform that its trading volume reached $26.5 billion in the past 31 days.

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The dYdX Foundation has announced the launch of its mainnet and the deployment of a new Bridge User Interface (UI) for token conversion. The Bridge UI is available to the public and allows users to transfer DYDX tokens from the Ethereum network to the dYdX Chain, expanding the token's utility. <br>

dYdX Foundation has launched a public bridge user interface on bridge.dydx.trade. Users can bridge ethDYDX tokens from Ethereum to dYdX Chain, allowing them to participate in staking to protect network security and governance on dYdX Chain.

dYdX Foundation has announced that there will be a large-scale internal movement of locked ethDYDX tokens held by investors and team members in the coming days. Locked tokens can be bridged from the Ethereum network to the dYdX Chain. The dYdX Foundation will continue to track the wallet addresses of locked token holders to determine if there are any transfers that violate legal agreements and will take legal action against locked token holders who do not meet requirements. The dYdX Foundation stated that wethDYDX and/or dYdX-Chain DYDX tokens received in exchange for locked ethDYDX tokens will continue to be subject to the same transfer restrictions and release schedule. Like the current locked ethDYDX tokens, locked wethDYDX tokens and locked dYdX-Chain DYDX tokens can also be bridged to other chains for voting or delegation purposes and/or staked to validators where applicable. Previously, dYdX Chain officially launched on the mainnet as an independent Cosmos Layer1. Validators created the genesis block of dYdX Chain on October 27 at 1:00 am. The dYdX Operations subDAO public bridging frontend is expected to launch on October 30. The post-genesis stages include Alpha and Beta, with the Alpha stage (expected to start on October 30) focusing on bridging, staking, and security, and the Beta stage supporting trading but without rewards. The transition from Alpha to Beta will be determined by governance voting and other factors.

dYdX Foundation has announced that there will be significant internal changes to the locked ethDYDX tokens held by investors and team members in the coming days. Locked tokens can be bridged from Ethereum to another blockchain, including the dYdX Chain, which will be reflected as transfers on both Ethereum and dYdX Chain. The foundation stated that these tokens are still locked and will not be sold, and any wethDYDX and/or dYdX-Chain DYDX tokens received in exchange for locked ethDYDX tokens will continue to be subject to the same transfer restrictions and release schedule. Like the current locked ethDYDX tokens, locked wethDYDX tokens and locked dYdX-Chain DYDX tokens can also be bridged to another blockchain for voting or delegation purposes and/or staked to validators (if applicable).

dYdX V4 and its independent Cosmos blockchain have launched the alpha mainnet phase. DYdX Chain, as an independent Cosmos Layer 1, has officially launched on the mainnet. As of 1:00 PM Eastern Time, dYdX Chain validators have created the genesis block of dYdX Chain.