dYdX spiked and then dropped sharply, related to the new project Arcus launched on Robinhood Chain. It's also a Perps DEX. The dYdX team is starting a new venture, even directly inheriting the Twitter handle... But later announced that this is an independent project in collaboration with Robinhood, and dYdX will be handed over to the community. Afterward, the founder mentioned that tokens will be reserved for the dYdX community. The exact form is unclear, but a lot of people are already farming points for the new project.