Effective February 12, 2025, Binance will cease all DYDX token transactions via Ethereum. This decision raises concerns regarding liquidity and investor confidence, especially following a recent 2% price drop to 1.48 USD with a market cap of 1 billion USD.
The trading volume for DYDX reached 37 million USD, showing significant fluctuations. Despite Binance’s changes, DYDX exchange remains robust with 231 million USD in futures trading, signaling continued market interest.
Investors are urged to monitor Binance’s updates to mitigate potential asset risks. Alternatives for DYDX transactions are available through other supported networks, helping to maintain liquidity amid ongoing market speculation.