$DYDX
$DYDX is voting on proposal #400 to upgrade its chain to v9.9 and migrate USDC collateral from Noble USDC to native USDC issued via Injective.
This is mainly a technical continuity upgrade, not a direct bullish event for DYDX. Circle plans to stop supporting Noble USDC through Mint and CCTP on January 13, 2027, so dYdX needs a new route to keep trader deposits and withdrawals working smoothly.
Key points:
The vote was still ongoing, with voting set to end on November 16.
If approved, Noble USDC deposits will be rejected after the upgrade, while Injective USDC will become the new supported route.
Existing balances, positions, orders, and MegaVault shares are expected to remain unchanged.
The upgrade helps protect trading activity and fee generation, but it does not change $DYDX token buybacks, burns, or revenue-sharing rules.
In short: it is a necessary infrastructure migration to avoid disruption before Noble USDC support ends—not an automatic reason for DYDX to rise.
#DYDX
$DYDX is voting on proposal #400 to upgrade its chain to v9.9 and migrate USDC collateral from Noble USDC to native USDC issued via Injective.
This is mainly a technical continuity upgrade, not a direct bullish event for DYDX. Circle plans to stop supporting Noble USDC through Mint and CCTP on January 13, 2027, so dYdX needs a new route to keep trader deposits and withdrawals working smoothly.
Key points:
The vote was still ongoing, with voting set to end on November 16.
If approved, Noble USDC deposits will be rejected after the upgrade, while Injective USDC will become the new supported route.
Existing balances, positions, orders, and MegaVault shares are expected to remain unchanged.
The upgrade helps protect trading activity and fee generation, but it does not change $DYDX token buybacks, burns, or revenue-sharing rules.
In short: it is a necessary infrastructure migration to avoid disruption before Noble USDC support ends—not an automatic reason for DYDX to rise.
#DYDX