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Nearly 90% of voters favor the grants proposal, but many in the community pointed out controversial limitations.

The dYdX Foundation made an abrupt change to its project's tokenomics, but it may have done so in consultation with its attorneys.

DYDX, MINA, Optimism (OP), Loopring (LRC), and Convex Finance (CVX) lead the pack this week as the biggest crypto market gainers.

Recently, dYdX made an announcement that it would be delaying its token unlock until 3 December. The token unlock was designed to benefit early investors and founders, but its delay has brought other issues of the protocol to the forefront.

The dYdX ecosystem has been growing since it was founded back in 2017. The exchange has now become one of the leading decentralized exchanges for trading perpetuals, a trading product similar to futures contracts minus the expiration dates.

The native token of the popular decentralized exchange dYdX has surged more than 200% over the past 30 days as its trading volume keeps on rising and investors move their funds off of centralized exchanges in the wake of FTX's collapse.

Decentralized exchange platform dYdX (DYDX) is seeing a major price rejuvenation today as it is up 15.23% at the time of writing to maintain its weekly momentum. According to data from CoinMarketCap, the digital currency is now trading at a price of 3.08%, maintaining a weekly growth rate of 65%.

The dYdX Foundation has issued a governance token called DYDX to govern its Layer 2 protocol on the blockchain. The token will be accessible over five years and is subject to transfer restrictions enforced through off-chain agreements.

Key Points: According to a dYdX Foundation annual report, the largest crypto derivatives trading exchange recorded $466.3 billion in cumulative transaction volume and produced $137.8 million in fee revenue in 2022.

dYdX, the largest crypto derivatives trading exchange, recorded $466.3 billion in cumulative transaction volume in 2022.

According to on-chain data shared by Lookonchain, an anonymous whale has been accumulating DYDX cryptocurrency along with other large wallets since October 2022. The whales received more than $21 million worth of the cryptocurrency, and the last transaction occurred right before DYDX's rise on the market.

New data from crypto analytics platform Santiment reveals that whale transactions are spiking for Litecoin (LTC), Polygon (MATIC) and two Ethereum (ETH)-based altcoins.

dYdX, a decentralized exchange supporting the perpetual trading of top crypto assets, including ethereum (ETH) and bitcoin (BTC), has suspended the Layer-2 transfer feature.

Token unlocks are often bearish events that spark price rallies in advance. Do you know why?

Data from Santiment shows these altcoins have seen elevated whale activity recently, which may make them ones to watch for in the coming days.

Kaiko analysts' research regarding ASX, SAND and DYDX

The price of dYdX has significantly increased during the last day, possibly at the most significant rate of increase year to date. The primary driver of the price increase was a recent announcement by the project itself, while other variables also played a role.

DYDX, the native token associated with the DYDX network, has experienced a rally following the announcement about the postponement of token unlocks.

Unless the dYdX price decreases below $1.12, it is expected to resume its increase toward at least $2.50.

Depending on the math used, the end of the lockup could have released $300 million worth of DYDX back onto the market

Key Points: The DEX exchange unexpectedly postponed the token unlock time by up to 10 months, pushing up the price of DYDX. According to a message addressed to investors, decentralized exchange dYdX has postponed token unlocking for investors until December 1 from February 3.

Next month's 150 million token unlock has been reduced, with 83 million tokens allocated to investors being locked until December, according to The Block.

The decentralized exchange has delayed the token unlocks for investors to the end of this year instead of February.

Tron (TRX) founder Justin Sun sold a significant number of Curve (CRV) DyDx (DYDX) and Galxe (GAL) tokens.