dYdX Launches Arcus DEX on Robinhood Chain, DYDX Price Drops 23% Following Announcement

According to Huoxing Finance, on July 2, dYdX Labs announced the launch of Arcus, a decentralized exchange built on Robinhood Chain, offering 24/7 trading of 95 stock tokens, equity perpetual contracts, and major cryptocurrencies, with zero fees for spot trading of stock tokens. Meanwhile, according to market data, the DYDX price began to decline sharply in the afternoon yesterday and accelerated further after the announcement, currently trading at $0.145, down 23.11% over the past 24 hours. The day before, DYDX had surged over 40% in 24 hours following anticipation of a “major announcement.” The launch of Arcus has raised community concerns about whether the new product might impact the independence and governance structure of the original dYdX Chain. The dYdX Foundation issued a statement clarifying that Arcus will not affect the operation of dYdX Chain, which remains governed by DYDX token holders and secured by a validator network. The foundation confirmed that all functions on dYdX Chain—including trading, deposits and withdrawals, staking, governance, and validator operations—are proceeding normally; the mechanism, supply, and operational model of the DYDX token as the governance and staking token for dYdX Chain remain unchanged. The foundation also stated that any adjustments to the validator set or related requirements must still be approved through dYdX community governance.