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dYdX

dYdX DYDX

token
dYdX Price (DYDX)
$2.90
0.99% Buy DYDX

0.0010 ETH

0.0000567 BTC

Low: $2.87
High: $3.05
24h
Market Cap
$857,385,314
0.99%
Fully Diluted Market Cap
$1,554,704,691
0.99%
Volume
24h
$79,142,071
14.36%
Volume / Market Cap
0.0923
Circulating Supply
295,616,430 DYDX
Max Supply
--
Total Supply
536,043,997

dYdX (DYDX) Social Signals & Traffic Tracker

X Stats
Visit Twitter

Followers

0.21%

Joined at Jul 08, 2021

Following

157

8.28%

Tweet count

4,172

1.91%

dYdX reddit
Reddit Stats

Subscribers

-

Subreddit type

-

Moderators

-

Currently, official dYdX (DYDX) Reddit Stats account doesn’t exist or wasn’t submitted. 🔆

dYdX telegram
Telegram Stats

Members

-

Title

-

Currently, official dYdX (DYDX) Telegram Stats account doesn’t exist or wasn’t submitted. 🔆

dYdX traffic
Website Traffic
Visit Website

Website Rating (DR)

53 / 100

0.00%

Ahrefs Rank

536,097

2.53%

Organic Traffic (mo.)

1,055

6.88%

dYdX github
GitHub Organization
Visit GitHub

Public repos

Created at Jul 08, 2021

Type

Organization

dYdX github
GitHub Public Repository

Stars

-

Watchers

-

Forks

-

Language

-

Currently, official dYdX (DYDX) GitHub Public Repository doesn’t exist or wasn’t submitted. 🔆

These are the project's quantitative metrics of its Organizational GitHub Public account that can be used to trace regular or artificial development activity & growth within the project.

These are the project's quantitative metrics of its official GitHub Public Repositories that can be used to trace regular or artificial development activity, growth & popularity of the project.

These are the project's quantitative metrics of its official Telegram account that can be used to trace regular or artificial Social activity & growth within the project.

These are the project's quantitative metrics of its official X account that can be used to trace regular or artificial Social activity & growth within the project.

These are the project's quantitative metrics of its official Reddit account that can be used to trace regular or artificial Social activity & growth within the project.

These are the project website's metrics based on Ahrefs Rank. They're used to trace website activity & growth within the project. DR (Domain Rating) metric is a sign of the project's website reputability that is ranked from 0 to 100 (the higher the rank, the better reputability). Organic Traffic - is a metric of how many monthly users visit the project's website via search engines. All these metrics are used for determining active or passive projects despite the artificial hype.

Followers: 38,995


Live DYDX Price Analysis

The current real time dYdX price is $2.90, and its trading volume is $79,142,071 in the last 24 hours. DYDX price has plummeted by 0.99% in the last day, and decreased by 8.57% in the last 7 days. It’s important to note that current dYdX market capitalization is $857,385,314, Talking about circulating supply, DYDX has 295,616,430 coins. Currently, dYdX rank on the market is #89.

dYdX price today is 89.56% below all time high, and it is 0.00% below all time low.

All data and prices are updated in real-time. The most active and popular exchanges for buying or selling DYDX are Binance, Kucoin & Kraken. Find more crypto exchange options on our Crypto Exchange Tracker. The most secure hardware wallets for keeping your cryptocurrency safe are Ledger and Trezor.

What Is dYdX (DYDX)?

DYDX is the native token of the decentralized crypto derivatives exchange (DEX) that goes by the same name – dYdX. Check out the dYdX price chart above if you're interested in the current DYDX price.

dYdX takes a two-layered approach. On Layer-1 (based on Ethereum), dYdX is a liquid DEX that provides users with the options of crypto margin and spot trading with up to 5x leverage. However, on Layer-2 (based on StarkWare), dYdX offers perpetual contract trading with up to 25x leverage.

Simply put, margin trading enables traders to borrow more crypto assets using their funds as collateral for purchasing or selling than they could do solely with their funds.

Perpetual contracts, on the other hand, are essentially futures contracts that allow investors to place a buy or sell order at a predetermined price without an expiration date. Cross-margin perpetual trading offered by dYdX enables users to repurpose their funds and add liquidity to open trades.

The main difference between dYdX's isolated margin and cross-margin trading is that cross-margin makes use of all the assets a trader holds on the platform. In contrast, isolated margins allow users to assign specific funds in the account as part of a trade.

Besides, dYdX provides users with lending and borrowing services. By depositing their assets into specific lending pools, lenders are able to generate passive income. Borrowers can use their funds as collateral to borrow any asset that is offered in these pools. dYdX ensures that borrowers always have enough collateral in their accounts to provide security for lenders.

To increase the scalability of the second layer, dYdX utilizes Starkware's StarkEx zero-knowledge rollups. StarkEx is a STARK-powered scalability engine for crypto exchanges. It leverages cryptographic proofs to verify the legitimacy of batched transactions. StarkEx enables dYdX to reduce minimum trade sizes on the protocol, speed up transactions, get rid of gas expenses, and minimize trading costs.

How does it work? Simply put, while validating a group of transactions off-chain, the technology receives proof. The blockchain's smart contract uses these proofs to validate them before sending them back.

The Founder of dYdX

Antonio Juliano founded dYdX in 2017. However, the platform was released to the public only in 2019. Juliano is a programmer and an entrepreneur who has a degree in computer science. Prior to founding dYdX, he worked at Coinbase, Uber, and MongoDB as a software engineer.

The Purpose of DYDX Tokens

DYDX is the utility token of the dYdX exchange. The main use case of the token is governance. DYDX crypto asset holders are able to participate in the decision-making processes considering the further development of the protocol.

Furthermore, DYDX also acts as a reward token. This includes trading rewards, retroactive rewards, and liquidity provider rewards.

Besides that, whenever users trade on the dYdX exchange, they are able to receive discounts on trading fees based on the amount of DYDX coins they hold.

Lastly, DYDX tokens can be staked in the Safety Module pool, which provides safety for the platform. Stakers earn additional rewards for their contribution.

The DYDX price is subject to change, so keep that in mind if you're thinking about purchasing DYDX tokens. This occurs because the volatility of the entire cryptocurrency market has an impact on DYDX, just like it does on the pricing of other digital assets.

Tokenomics of DYDX

DYDX is a deflationary token because it has a max supply of 1 billion tokens. This means that over time, the dYdX price is expected to increase. All of the tokens are already minted. The tokens will gradually enter the circulating supply over the course of five years, starting on August 3rd, 2021.

Half of the DYDX token supply is dedicated to the community, which includes various rewards, a liquidity staking pool, and a community treasury. The remaining tokens are distributed between investors, founders, employees, advisors, and consultants.

The Initial Coin Offering (ICO) for dYdX was held in September 2021. During this time, the DYDX price was highly volatile, ranging between $12-$26. In general, dYdX tends to follow the bearish and bullish market trends set by major cryptocurrencies. It was one of the many crypto assets that were negatively impacted by the market crash in May-June 2022.

If you're interested in the current DYDX price, you can take a look at the dYdX price chart above.

What's dYdX trading volume in the last 24 hours?

DYDX has a trading volume of $79,142,071 in the last 24 hours.

What's dYdX highest price ever?

DYDX has a highest price of $27.78, which was reached on Sep 30, 2021 (2 years 4 months ago).

What's dYdX lowest price ever?

DYDX has a lowest price of $0.00, which was reached on Sep 08, 2021 (2 years 5 months ago).

What are the best exchanges for buying and selling DYDX?

Currently, the most active and dominating exchanges for buying and selling dYdX are Binance, Kraken & Kucoin. The most popular dYdX trading pairs are DYDX/USDT (on Binance ), DYDX/USDT (on Gate.io ), DYDX/USDT (on Huobi Global ). Head to the Crypto Deal Directory to access custom & exclusive discounts, vouchers and welcome bonuses from the most popular exchanges.

What are the safest hardware wallets for keeping DYDX?

According to an in-depth review process and testing, Ledger and Trezor are one of the safest and most popular hardware wallet options for keeping dYdX. For exclusive discounts and promotions on best crypto wallets, visit Crypto Deal Directory.

Pages Related to dYdX

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Current market Price of a specific cryptocurrency.

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The cryptocurrency's market Price changes in percent within the last 24 hours (1 day).

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The highest historical cryptocurrency value.

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The lowest historical cryptocurrency value.

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Market Capitalization is the overall value of all coins/tokens that have been mined or issued until now and are in circulation (not locked). It's similar to the stock markets' Free-Float Capitalization.

Market Capitalization = Circulating Supply x Current Price.

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Market Capitalization is the overall value of all coins/tokens that have been mined or issued until now and are in circulation (not locked). It's similar to the stock markets' Free-Float Capitalization.

Market Capitalization = Circulating Supply x Current Price.

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FDMC is the Market Cap if the Maximum Supply of a coin/token was entirely in circulation.

FDMC = Max Supply x Current Price.

Note: if Maximum Supply is not available or limitless, Total Supply is used to calculate the value. FDMC will be undefined and marked as "--" if no form of Supply is available.

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FDMC is the Market Cap if the Maximum Supply of a coin/token was entirely in circulation.

FDMC = Max Supply x Current Price.

Note: if Maximum Supply is not available or limitless, Total Supply is used to calculate the value. FDMC will be undefined and marked as "--" if no form of Supply is available.

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It is a quantitative metric calculating how many individual units of specific cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours. It's a direct cryptocurrency's supply & demand indicator, and is purely related to its market price.

Learn this metric

It is a quantitative metric calculating how many individual units of specific cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours. It's a direct cryptocurrency's supply & demand indicator, and is purely related to its market price.

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The current cryptocurrency Market Capitalization Dominance among all other cryptocurrencies in the market.

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The ratio of Volume and Market Capitalization values.

The ratio of Volume and Market Capitalization values.

Publicly circulating amount of specific cryptocurrency coins/tokens that were mined or issued to date, and are not locked/staked (are available to be traded publicly).

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Verified Data

dYdX project's Circulating Supply has been verified and is equal to:

Circulating Supply

295,616,430 DYDX

The absolute theoretical maximum number of coins/tokens that is coded and will ever exist in the cryptocurrency's lifetime. Similar to stock market's Fully Diluted Shares.

Note: Max Supply will be undefined and marked as "--" if project owners did not verify / provide any data.

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The quantity of all coins/tokens that have ever been issued (even if the coins are locked), minus all coins/tokens that have been removed from circulation (burned). The Total Supply is similar to stock market's Outstanding Shares.

Total Supply = All Issued Coins - Burned Coins.

Note: Total Supply will be undefined and marked as "--" if project owners did not verify / provide any data.

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Current price of dYdX is $2.90

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