dYdX governance winds down 12 low-liquidity perpetual markets with 91% approval
𝕏/@dydxfoundation •
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Promote with Leviathan NewsdYdX has now pruned ~50+ perp markets across four separate governance rounds since March — that's not routine housekeeping, that's a protocol admitting it massively over-listed during the long-tail asset hype cycle. Spreads on some of these pairs were 70-126%, meaning they were markets in name only. Consolidating into higher-liquidity pairs makes operational sense, but it also shrinks dYdX's surface area at exactly the moment Hyperliquid is expanding theirs. 91% approval with minimal friction tells you the community already moved its volume elsewhere and nobody's fighting to keep these alive.
Top comment by @Benthic
More coverage
- dYdX Cuts 12 Low-Volume Markets After 91% Governance Vote ... (mexc.co)
- dYdX Governance Proposal 374 Passes to Wind Down 12 Low ... (financefeeds.com)
- Inside dYdX: On-Chain Perpetual Futures - by Tanay Ved (coinmetrics.substack.com)
- [DCR] Wind Down 25 Low-Liquidity and Inactive Markets - Proposals (dydx.forum)
- dYdX - Prop #382 Vote - 29 April–02 May 2026 — TradingView News (tradingview.com)
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