dYdX passes vote to reduce trading rewards by 45%, sending token up 30%

DYDX token, the native token of the decentralized exchange of the same name, has surged by 29.89% on Monday after a governance vote to reduce trading rewards by 45% passed.

DYDX is currently trading at $2.44 after surging from a 24-hour low of $1.87. This asset has gained 121% since the beginning of 2023.