dYdX Chain Reports Strong April Performance
dYdX Chain Reports Strong April Performance
馃殌 dYdX's April Trading Bonanza
dYdX Chain demonstrated significant growth in April with multiple key developments:
- Trading volume reached $31.7B
- $5.1M USDC distributed to stakers
- Launch of token buyback program
- Successful completion of dYdX Surge Trading Competition
- Addition of 8 new market listings
Note: dYdX products have geographical restrictions. Check eligibility at dYdX Terms
April was a standout month for dYdX. From the launch of buybacks and strong results in the dYdX Surge Trading Competition to eight new market listings - momentum is building. Catch the highlights 馃憞
dYdX Surge Season 1 Concludes with Major Payouts, Season 2 Launches
**dYdX Surge Season 1** has concluded with significant rewards distribution: - Over 150 traders to receive $1,000+ in payouts - Season 2 launched immediately after, offering $2M in monthly rewards - New points boost applied to specific markets including $SUI, $AIXBT, $KAITO, and $XRP The dYdX Surge program runs through December 2025, with a total prize pool of $20M. Unlike traditional trading competitions, it rewards overall platform engagement rather than just P&L. [View Season 2 Details](https://dydx.forum/t/dydx-surge-season-2/3575)
dYdX Announces $15K Referral Bonus for New Engineering Hires
dYdX, a leading DeFi protocol, is expanding its engineering team with an attractive referral program: - Offering **$15,000** referral bonus for successful engineering hires - Seeking talent focused on building DeFi infrastructure - Multiple positions available for experienced developers The company emphasizes its engineering-first culture and commitment to technical excellence. Interested candidates or referrers can explore opportunities at [dYdX Careers](https://job-boards.greenhouse.io/dydx). *Know someone who might be interested? Share this opportunity to earn the referral bonus.*
dYdX Adds Multiple New Launchable Markets
dYdX continues expanding its market offerings through its Instant Market Listings feature. Recent additions include: - STP Network ($STPT) now available for launch - GORK ($GORK) added to launchable markets - Walrus Protocol ($WAL) integration completed - Haedal Protocol ($HAEDAL) made available The platform has maintained steady growth since introducing Instant Market Listings, allowing users to launch and trade new markets with immediate liquidity through the MegaVault system. All new markets can be accessed directly through dYdX's trading interface.
Critical dYdX Bridge Shutdown Approaching - 88.3M Tokens Still Unmigrated
**Important Update**: Nethermind has proposed terminating the dYdX Chain bridge support in approximately 25 days. Over 88.3M ethDYDX tokens remain unmigrated to native $DYDX on the dYdX Chain. **Key Points**: - Bridge shutdown proposal: [Proposal 189](https://mintscan.io/dydx/proposals/189) - Unmigrated tokens may become non-convertible after shutdown - Migration volume decreased from 110M to 88.3M in recent weeks **Action Required**: Users holding ethDYDX should migrate their tokens before the deadline. Complete migration guide available at [dYdX Foundation](https://www.dydx.foundation/how-to-bridge/overview)