The decentralized exchange protocol dYdX has issued an urgent reminder to its users: more than 64.4 million ethDYDX tokens, worth approximately $44.4 million, have yet to be bridged to the native dYdX chain.
In an official announcement, the protocol confirmed that support for the existing Ethereum-to-dYdX bridge contract may be permanently terminated on June 9, 2025.
The looming deadline is part of a larger transition strategy aimed at consolidating dYdX activity on its own native blockchain, which offers enhanced scalability, security, and governance features compared to Ethereum.
Community Vote Paves Way for Bridge Termination
The June 9 deadline follows a previously held governance proposal that received overwhelming community support, about 91% in favor, authorizing the deactivation of the Ethereum bridge contract.
In line with that mandate, an on-chain vote will be initiated on the same date to finalize the termination.
Once passed, this vote will effectively prevent users from transferring their ethDYDX tokens to the dYdX chain through the current bridge.
The protocol has strongly encouraged all holders to act swiftly and complete their token migration to avoid the risk of their assets becoming inaccessible or stuck.
Market Response and Current Token Metrics
In the midst of this migration pressure, the ethDYDX token has experienced a mild but noticeable increase in value.
Currently priced at $0.6928, ethDYDX has seen a 6.57% gain over the last 24 hours and a 5.29% increase over the past week.
Trading activity remains relatively strong, with a 24-hour volume of nearly $34.8 million. The token’s circulating supply stands at 57 million, giving it a market capitalization of approximately $39.6 million.
Despite the positive short-term movement, the token’s future pricing and liquidity could be impacted depending on how many users complete the bridge migration before the cutoff date.
Urgency Builds as Migration Window Narrows
With less than three weeks remaining before the proposed shutdown, dYdX users face growing urgency to protect their holdings.
Failure to migrate ethDYDX tokens before June 9 could lead to restricted access or loss of utility for those assets, depending on the outcome of the governance vote.
The situation underscores the importance of staying informed and responsive within decentralized ecosystems, where community decisions can directly affect asset security.
The dYdX Foundation continues to provide guidance and tools for the bridging process, but ultimately, the responsibility lies with individual token holders to act before the window closes.
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