dYdX Block Rate Limit Vote Ends
The dYdX Foundation has proposed increasing the block rate limit, which caps the number of transactions (like orders or cancellations) per block on the dYdX Chain. Currently, traders in lower equity tiers ($20–$10,000) face tight limits—e.g., only 4 stateful orders for $20–$100 collateral. The proposal aims to raise these to 10–50 orders, boosting trading efficiency while balancing network stability. Voting began May 7 and ends May 11, 2025, at 12:25 UTC. With a 33.4% quorum needed, turnout is at 22.2%, risking rejection despite 98.41% “YES” votes (Mintscan). Recent NewsdYdX has been on a roll in 2025. Their March roadmap emphasized stability and speed, introducing bi-weekly updates and a revamped mobile app for easier onboarding (BeInCrypto, Mar 2025). This proposal aligns with their focus on enhancing user experience, addressing trader frustrations over restrictive limits that hinder liquidity and order book depth. Future PlansdYdX aims to lead the DeFi derivatives market, which is still under 10% of centralized exchange volumes. Upcoming features include expanded trading tools and deeper platform improvements, with a detailed roadmap expected later this year (BeInCrypto, Mar 2025). Increasing block rate limits could attract more traders, strengthening their competitive edge. Onchain DatadYdX Chain metrics show steady growth. Staking Rewards reports a circulating supply of ~500M DYDX, with 30% staked, reflecting strong community trust. However, specific transaction volume data for this proposal isn’t available (Staking Rewards, 2025). Community SentimentX buzz is mixed—traders are excited for more flexibility, but some worry about network strain. Influencers like @DeFiWizard have praised the move, noting it could deepen liquidity, though concerns about scalability linger. Risk DisclaimerIncreasing block rate limits may lead to network congestion if not managed well—traders should monitor performance post-vote.
dYdX
May 11