dYdX Terminates Ethereum Cross-Chain Bridge Support

The dYdX Foundation has announced the termination of support for the Ethereum-dYdX cross-chain bridge effective June 9, 2025. The foundation urges users to migrate their tokens to avoid potential losses.

The event marks a pivotal shift as dYdX strengthens its position as an independent Layer 1 blockchain, impacting liquidity pools and token utility.

The dYdX Foundation has decided to end support for the Ethereum–dYdX cross-chain bridge , setting June 9, 2025, as the deadline. This cessation received about 91% approval from the community, indicating broad consensus for the transition.

The current landscape involves the dYdX Foundation, led by the governance team, managing the transition. As a result, the Ethereum-based ethDYDX tokens will lose functionality unless migrated to dYdX’s native Layer 1 platform.

The immediate market effects involve potential liquidity issues for ethDYDX remaining on Ethereum. Significant impact arises from this shift as token values may plummet if holders fail to migrate before the deadline.

Financially, over 52 million ethDYDX tokens remain unmigrated, with 270 million DYDX staked and over $45 million in protocol fees distributed. The move suggests potential liquidity shifts for Ethereum transactions related to dYdX activity.

Regulatory clarity remains absent while the dYdX Foundation pushes for token migration. Historical trends show similar migrations often leave old tokens obsolete, urging immediate action from holders.

The termination of the Ethereum-dYdX bridge aligns with broader trends of adopting native chain mechanisms. It reflects a strategic move to consolidate dYdX under a dedicated blockchain, aiming for enhanced governance and security.

“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.” – Mega, Governance Team, dYdX Foundation