After the final closure of the migration bridge of the decentralized exchange dYdX, over 45,000 investors were left without access to ethDYDX tokens worth more than $25 million. The blocking occurred on June 13, 2025, when the platform completed the process of transferring assets to its own blockchain, dYdX Chain.
This is reported by Finway
Mass Blocking of ethDYDX Tokens
As a result of the bridge shutdown, many users were unable to exchange their tokens, leading to a wave of outrage in the investor community. Users accused dYdX of creating a “trap,” as after the completion of the 6-month transition period, all ethDYDX balances effectively lost liquidity. The tokens can no longer be used on decentralized or centralized exchanges, and any interaction with the bridge now leads to the permanent blocking of assets.
“More than 45,000 holders found themselves unable to exchange their tokens worth over $25 million. In my community, retail investors lost $230,000.”
Community Solutions and Attempts to Restore Migration
The decision to close the migration bridge was made back in December 2024 during a community vote, when it was decided to discontinue support for the wethDYDX smart contract. After the transition period ended, support was officially terminated. According to official estimates, over 41.6 million ethDYDX tokens remained unconverted and are now removed from the total and circulating supply of tokens.
According to new data, the total supply of DYDX has decreased to 958.3 million tokens, while the circulating supply has dropped to 750.2 million DYDX. For investors affected by the bridge closure, the only remaining path is participation in the dYdX governance forum, where a proposal to restore migration for ERC-20 DYDX holders has already been put forward for discussion. Initiative groups are also being formed in the community on Telegram to coordinate further actions for investors.
It is worth noting that back in August 2024, the dYdX team announced the launch of dYdX Unlimited with the implementation of a liquidity provision feature through MegaVault, which was intended to enhance the platform’s efficiency.