dYdX, a popular decentralized cryptocurrency exchange (DEX), has announced that it will be shutting down its v3 operations on October 28th, 2022 at 9:05 PM KST. Users will need to withdraw their funds from v3 before this date, as funds will be held in an Ethereum smart contract after the shutdown. dYdX also announced that it plans to launch dYdX Unlimited later this fall. dYdX v3 has been in operation since 2021 and has been a popular choice for traders due to its low fees and fast execution times. However, dYdX has been working on a new version of its platform, dYdX Unlimited, which will offer a number of new features and improvements. dYdX Unlimited will be built on a new blockchain called StarkNet, which will allow for even lower fees and faster transaction times than v3. dYdX Unlimited will also offer a number of new features, such as margin trading, perpetual futures, and options trading. Users who have funds on dYdX v3 will need to withdraw them before the October 28th shutdown date. After the shutdown, funds will be held in an Ethereum smart contract and users will not be able to access them. dYdX has provided instructions on how to withdraw funds from v3 on its website. The shutdown of dYdX v3 is a significant event for the cryptocurrency exchange market. dYdX is one of the largest DEXs in the world, and its shutdown will likely have a ripple effect on the market. However, dYdX is also confident that its new platform, dYdX Unlimited, will be even more successful than v3.