According to TechFlow, dYdX will upgrade to dYdX Chain v5.1.0 on July 25th, from 6:00 am to 8:00 am UTC, but the exact time may vary depending on the block height. During the upgrade, withdrawals, deposits, and new orders will be temporarily closed, and normal trading will resume in about 30 seconds after the upgrade. dYdX reminds users to plan for potential delays and downtime.

According to previous news, the dYdX community initiated an on-chain vote on whether the dYdX chain protocol software should be upgraded to v5.1.0 on July 19. The voting deadline is 23:02 on July 23, 2024. The upgrade will include performance optimization, Slinky updates, and Vault UX improvements. If the proposal is passed, the software upgrade will be executed at block height 21,420,000.