According to Wu, dYdX founder and CEO Antonio Juliano published a blog announcing the layoff of 35% of employees, including the core dYdX team. On October 10 of this year, dYdX founder Antonio announced his return to serve as CEO again, stating that dYdX is facing fierce market competition and an unfavorable market environment, requiring the founder's leadership to guide the team through difficulties. Earlier, cryptocurrency wallet developer MetaMask's parent company Consensys announced a 20% layoff.