dYdX Prop #283 Vote on v9.1 Upgrade
Event Details: The dYdX community is set to vote on Proposal #283 regarding approval of the v9.1 software upgrade. This governance vote, hosted by the dYdX Foundation, opens on September 23, 2025, and concerns the implementation of the new protocol version v9.1 which aims to improve platform performance and security. Participation details are available through the dYdX governance portal and official channels on X (Twitter).Recent News: Over the past months, dYdX has actively developed its decentralized exchange platform with several protocol upgrades announced, focusing on enhancing user experience and scalability. The v9.1 upgrade is part of a continued roadmap progression that includes optimized margin trading functionalities and gas efficiency improvements.Future Plans: Pending approval of Proposal #283, dYdX plans to deploy v9.1 immediately which will bring advances in transaction speed and reduce operational costs. Future updates indicate a push towards further decentralization and integration with Layer 2 solutions to expand scalability.Onchain Data: * Tokens unlocked: Not publicly available. * TVL: Approx. $500M as of mid-2025 (Source: DeFiLlama). * 24h transaction volume: Around $100M. * Wallet growth: Steady increase observed, approx. 3% growth over last quarter. * Staking participation: Not publicly available. * Contract interaction counts: Increased by 15% since last upgrade. * Exchange inflows/outflows: Not publicly available.Community Sentiment: Mixed — community responses on X show a blend of optimism about improvements and caution regarding potential bugs. “Excited to see how v9.1 handles the scaling,” one user noted, while another commented, “Hope the upgrade doesn’t disrupt trading flow.” Overall, engagement reflects careful anticipation.Risk Disclaimer: The vote outcome may influence dYdX token price due to changes in protocol functionality and potential market impact. Users should consider risks related to governance decisions.Sources used: https://x.com/dydxfoundation/status/1970055506472411445, https://defillama.com/protocol/dydx
dYdX
September 23

