dYdX On-Chain Vote to Delist EOS, BTRUMP, and SKITTEN Markets
MAY
23
Event date
Friday 23 May 2025, UTC
Event description
The dYdX Foundation initiated an expedited governance proposal to delist three trading markets—EOS, BTRUMP, and SKITTEN—from its decentralized exchange. The vote, which started May 22, 2025, at 07:25 UTC, closes on May 23, 2025, at 07:25 UTC. This 24-hour window reflects the urgency of the decision, likely driven by low trading volumes or regulatory concerns. If passed, the delisting could impact traders holding these assets on dYdX, a leading platform for decentralized perpetual futures (@dydxfoundation).
Recent News
dYdX has been making waves in DeFi. In March 2025, they unveiled a roadmap focusing on stability and speed, including a streamlined deposit/withdrawal process with Skip, reducing wait times from 18+ minutes to under 1 minute (beincrypto.com, 2025-03-11). This aligns with their goal to dominate the decentralized derivatives market, which still lags behind centralized exchanges at under 10% of total volume.
Future Plans
Looking ahead, dYdX aims to expand trading tools and enhance user experience, solidifying its position as a top DeFi platform. Their roadmap hints at new product releases later in 2025, potentially introducing advanced analytics and more markets to attract a broader user base (beincrypto.com, 2025-03-11).
Market Impact
Post-announcement, BTRUMP dropped 5.7% to $0.0023 with a 22% volume surge to $1.1M, while SKITTEN fell 4.1% to $0.00045, with volume up 15% to $320,000 (blockchain.news, 2025-05-22). EOS, a blockchain for dapps, faces scrutiny despite its scalability focus. Onchain data for these tokens on dYdX isn’t public, but the price dips signal market sensitivity to governance moves.
Community Sentiment
X reactions are mixed. Some users like @cardzz and @tobilobapip urge voting, showing engagement, while @alpakyz77 criticized dYdX’s price performance, reflecting frustration amid Bitcoin’s $110k peak. The community values the decentralized decision-making but debates the delisting rationale.
Risk Note
Delistings can cause price volatility. Traders should monitor these markets closely and avoid impulsive trades.
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