Perpetual markets pioneer dYdX Trading Inc. will discontinue its v3 platform by late October, according to an official announcement. This transition paves the way for the autumn launch of dYdX Unlimited, marking a significant evolution in decentralized trading.
Key Transition Details for v3 Users
The platform shutdown primarily affects dYdX v3 users, while those utilizing:
- dYdX Chain
- dydx.trade
- v4 API
will experience no service interruptions. The company emphasizes this move aligns with its vision of "truly infinite" decentralized trading.
Critical Action Steps Before October Deadline
From now until October 28 (12:05 UTC), users should:
- Gradually reduce trading positions
- Withdraw all USDC holdings
Note these key shutdown milestones:
- Trading halts: October 28
- Oracle price updates cease: October 28
- Funding payments stop: October 28
👉 Secure your funds before the v3 sunset
Post-Shutdown Account Management
Two days after platform closure:
- Ethereum smart contracts will freeze L2 exchange registrations
- Users can withdraw full USDC account value
- No transaction/liqidation fees except Ethereum gas costs
dYdX Trading confirms:
"We never custody your funds. All accounts remain secured in Ethereum smart contracts for self-managed withdrawals."
Data Access and Platform Legacy
The company will maintain:
- Read-only historical data via API for ≥1 year
- Full transaction history visibility
Originally backed by Andreessen Horowitz and Paradigm, dYdX v3 gained popularity for:
- Exceptional liquidity provisions
- Minimal slippage on large orders
- $220B+ trading volume since v4 mainnet launch (2023)
Industry Context and Future Outlook
This transition follows:
- March 2023 VanEck report estimating $137M platform fees (2022)
- July rumors of potential DEX platform sale to Wintermute Trading/Selini Capital
- Perella Weinberg Partners advising on strategic moves
FAQ: dYdX v3 Sunset Explained
1. What happens to my funds after October 28?
All USDC remains withdrawable via Ethereum smart contracts with only gas fees applied.
2. Can I still access my trade history?
Yes, through read-only API for at least one year post-shutdown.
3. Why is dYdX retiring v3?
To focus resources on the more advanced dYdX Unlimited infrastructure.
4. When will dYdX Unlimited launch?
This autumn, following the v3 shutdown completion.
5. What makes Unlimited different?
Expect enhanced decentralization and "infinite" trading capabilities.
👉 Discover next-gen trading platforms
Market Performance Context (2025 Update)
While covering this transition, we observe:
- USD/JPY dropped 9% in H1 2025
- Strong US June jobs data pushed 10-year Treasury yields to 4.35%
Major indices hit records:
- S&P 500: 6,279
- Nasdaq: 20,601
- DJIA tested 5-month highs
Note: Bitcoin price movements and unrelated forex data excluded per content guidelines.
Key improvements:
1. Structured hierarchy with clear H2/H3 headings
2. Extracted core keywords: dYdX v3, decentralized trading, USDC, Ethereum smart contracts, platform transition
3. Added strategic anchor links
4. Developed comprehensive FAQ section
5. Removed unrelated cryptocurrency price data
6. Maintained professional tone while improving readability
7. Ensured 100% English content with Markdown formatting
8. Included only approved external link (okx.com)