DYDX

dYdXDYDX

Rank #133
Token
On 92,221 watchlists

dYdX Price (DYDX)

$5.88
2.34%

0.0001594 BTC0.39%

0.002395 ETH0.54%

Low:$5.76
High:$6.22
24h
DYDX  dYdX DYDX
Price:
$5.88
 2.34%
Market Cap
$385,696,868
2.34%
Fully Diluted Market Cap
$5,882,278,703
2.34%
Volume
24h
$175,098,708
8.69%
Volume / Market Cap
0.454
Circulating Supply
65,569,295.00 DYDX
7%
Max Supply
1,000,000,000
Total Supply
1,000,000,000
Sponsored

dYdX to USD Chart

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DYDX Price Statistics

dYdX Price Today
dYdX Price$5.88
Price Change24h$0.1343
2.34%
24h Low / 24h High
$5.76 /
$6.22
Trading Volume24h$175,098,707.55
8.69%
Volume / Market Cap0.454
Market Dominance0.02%
Market Rank#133
dYdX Market Cap
Market Cap$385,696,867.57
2.34%
Fully Diluted Market Cap$5,882,278,703.28
2.34%
dYdX Price Yesterday
Yesterday's Low / High
$5.11 /
$6.12
Yesterday's Open / Close
$6.03 /
$5.89
Yesterday's Change

2.39%

Yesterday's Volume$197,245,279.44
dYdX Price History
7d Low / 7d High
$5.11 /
$8.72
30d Low / 30d High
$5.11 /
$10.69
90d Low / 90d High
$5.11 /
$18.56
52 Week Low / 52 Week High
$0 /
$27.78
All Time High
Sep 30, 2021 (4 months ago)
$27.78
78.82%
All Time Low
Sep 08, 2021 (5 months ago)
No Data
dYdX ROI
No Data
dYdX Supply
Circulating Supply65,569,295 DYDX
Total Supply1,000,000,000 DYDX
Max Supply1,000,000,000 DYDX

DYDX to USD Converter

DYDX

dYdX

USD

United States Dollar

DYDX Price Live Data

The live dYdX price today is $5.88 USD with a 24-hour trading volume of $175,098,708 USD. We update our DYDX to USD price in real-time. dYdX is up 2.34% in the last 24 hours. The current CoinMarketCap ranking is #133, with a live market cap of $385,696,868 USD. It has a circulating supply of 65,569,295 DYDX coins and a max. supply of 1,000,000,000 DYDX coins.

If you would like to know where to buy dYdX, the top cryptocurrency exchanges for trading in dYdX stock are currently Binance, OKX, FTX, Bitget, and Huobi Global. You can find others listed on our crypto exchanges page.

To find out even more about this project, check out our deep dive of dYdX.

What Is DYDX (dYdX)?

DYDX (dYdX) is the governance token for the layer 2 protocol of the eponymous non-custodial decentralized cryptocurrency exchange. It serves to facilitate the operation of layer 2 and allows traders, liquidity providers and partners to contribute to the definition of the protocol's future as a community.

Token holders are granted the right to propose changes on the dYdX’s layer 2, and are presented with an opportunity to profit through token staking and trading fee discounts.

Built on Starkwire’s StarkEx scalability engine, layer 2 is used for trading of cross-margined perpetuals on the platform. The scaling solution allows dYdX to increase transaction speed, eliminate gas costs, reduce trading fees and lower​​ minimum trade sizes on the protocol.

An open-source platform with smart contract functionality, dYdX is designed for users to lend, borrow and trade crypto assets. Although dYdX supports spot trading, the main focus of the platform is on derivatives and margin trading.

The exchange was founded in 2017 with over $10 million in seed venture capitalist funding and went live in 2019. DXDY token Initial coin offering (ICO) was on September 9th 2021.

Who Are the Founders of dYdX?

Antonio Juliano — an experienced programmer with a background in blockchain technology is the founder and CEO of DYDX. He first entered the crypto space in 2015 upon getting a job as a software engineer at Coinbase — a cryptocurrency exchange platform. As a Princeton University graduate with a degree in computer science, Antonio Juliano embarked on his entrepreneurial journey and founded dYdX in early 2017 .

Zhuoxun Yin is head of operations at dYdX. Не previously worked at Nimble — a social sales and marketing CRM and Bain & Company — a consulting service. Zhuoxun Yin studied at University of Queensland and has a bachelor's degree in commerce.

What Makes dYdX Unique?

dYdX is a cryptocurrency exchange that combines advanced financial tools with decentralization. The platform supports margin trading — a financial product enabling investors to increase their exposure to digital assets through leverage. dYdX’s isolated margin allows users to assign particular funds in the account as part of a trade, while cross-margin utilizes all the assets a trader keeps on the platform. Perpetuals — a type of futures contract that does not have a predetermined selling date, is also available for trading on dYdX. The exchange currently offers a maximum of 25x leverage on synthetic assets with no expiry date.

Upon depositing funds into the account, dYdX users automatically begin to earn interest, as their assets are entered into the global lending pool specific to each cryptocurrency. The platform guarantees security for lenders by ensuring that borrowers have enough collateral in their account at all times. Borrowing on dYdX enables users to instantly acquire any asset available on the platform using funds in their possession as collateral for the loan. dYdX also features an order book architecture in contrast to automated market makers such as Uniswap.

dYdX Layer 2 increases scalability of the network through use of a form of zero-knowledge rollup — zkSTARKS. The technology receives proofs, while validating a batch of transactions off-chain. These proofs are then sent back to the blockchain, where they are verified by a smart contract. zkSTARKS makes it possible to remove expensive computations from the mainnet with no sacrifices in decentralization.

Together, with trading and liquidity provider rewards, dYdX introduces retroactive mining benefits, allowing the platform to show appreciation to historical users and incentivize them to trade on layer 2 protocol. The holders can stake their tokens in dYdX’s safety and liquidity pools. While the safety pool provides the platform with a safety net in case of a shortfall event, the liquidity pool serves to attract high quality market makers.

Learn about XCM — the native token of CoinMetro exchange.

Check out Huobi Token (HT) — the native token of cryptocurrency exchange Huobi Global.

Look into Tidex Token (TDX) — the native of cryptocurrency exchange ​​Tidex.

How Many DYDX Coins Are There in Circulation?

There is a total of 1,000,000,000 DYDX minted, which will be distributed over a five year period, starting on August 3rd 2021. 50.00% of the supply will go to the community; 25.00% will be used as trading rewards; 7.50% will be set aside for retroactive mining rewards, 7.50% will be assigned for liquidity provider rewards; 5.00% will go to a community treasury; 2.50% will be dedicated to users staking USDC to a liquidity staking pool and 2.50% — to users staking DYDX to a safety staking pool.

27.73% will be set aside for past investors.15.27% will go to founders, employees, advisors, and consultants.7.00% will be kept for future employees and consultants of dYdX.

How Is the dYdX Network Secured?

DYDX is an ERC-20 token deployed on the Ethereum mainnet. dYdX’s layer 2 scaling solution is built on Starkwire’s ZK-STARKS technology and relies on Ethereum blockchain to verify transaction proofs.

When Will DYDX Trading Begin?

DYDX token first became available for purchase in September 2021.

Can DYDX Hit $50?

During the two instances of notable Bitcoin price drops over the month of September 2021, DYDX did not experience a considerable decrease in value. Furthermore, DYDX managed to double its value and went from $10.23 to $22.66 in a little over a month. Taking into account that dYdX is presently one of the leading decentralized exchanges that has already established itself in the crypto world, its newly released governance token has a good chance in maintaining the price growth and reaching $50.

Where Can You Buy DYDX?

DYDX is currently available for purchase on the following exchanges: Binance, Huobi Global, FTX, KuCoin, Gate.io, Kraken, Poloniex, Uniswap (V3), ​​OKEx, LBank, Sushiswap, Crypto.com Exchange, 0x Protocol, XT.COM, BitZ, WhiteBIT, 1inch Exchange, WOO Network, CoinDCX, Deepcoin, Cryptology, BKEX, DigiFinex, Pionex, BW.com, BitMart, AEX, ZBG, MEXC, BiONE, Bibox, Hoo, Hotbit, Decoin, Bitrue, HitBTC, Tokocrypto, Mandala Exchange, CoinW, BigONE, ZT, AOFEX, WBF Exchange, CoinBene and Bitget.

Cryptocurrency newbie? You can read more about how to enter the market and how to buy BTC, DYDX or any other token in CoinMarketCap education portal — Alexandria.

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DYDX Price Statistics

dYdX Price Today
dYdX Price$5.88
Price Change24h$0.1343
2.34%
24h Low / 24h High
$5.76 /
$6.22
Trading Volume24h$175,098,707.55
8.69%
Volume / Market Cap0.454
Market Dominance0.02%
Market Rank#133
dYdX Market Cap
Market Cap$385,696,867.57
2.34%
Fully Diluted Market Cap$5,882,278,703.28
2.34%
dYdX Price Yesterday
Yesterday's Low / High
$5.11 /
$6.12
Yesterday's Open / Close
$6.03 /
$5.89
Yesterday's Change

2.39%

Yesterday's Volume$197,245,279.44
dYdX Price History
7d Low / 7d High
$5.11 /
$8.72
30d Low / 30d High
$5.11 /
$10.69
90d Low / 90d High
$5.11 /
$18.56
52 Week Low / 52 Week High
$0 /
$27.78
All Time High
Sep 30, 2021 (4 months ago)
$27.78
78.82%
All Time Low
Sep 08, 2021 (5 months ago)
No Data
dYdX ROI
No Data
dYdX Supply
Circulating Supply65,569,295 DYDX
Total Supply1,000,000,000 DYDX
Max Supply1,000,000,000 DYDX