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dYdX(DYDX)

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$2.0204
(-3.02%)
0.00002903 BTC
Market Cap (Rank#150)
$496,747,795
7,138 BTC
Vol 24h
$34,637,930
497.723 BTC
Circulating Supply
245,868,220
Max Supply
1,000,000,000
8 days agonulltx
Bitcoin Funding Rate Rises Amidst On-Chain Activity Slump
Bitcoin’s recent surge in funding rate on exchanges like DyDx and Deribit is causing concern among crypto enthusiasts, who are wary of history repeating itself after last week’s market top. With bullish sentiments prevailing, there’s a desire to keep Bitcoin FOMO (Fear of Missing Out) in check, ensuring that shorts […]
9 days agocoindesk
DYdX Founder Antonio Juliano to Step Down as CEO of the Decentralized Exchange; Ivo Crnkovic-Rubsamen Takes Over
Juliano will become chairman and president of dYdX Trading.
19 days agonulltx
Rising Stars in Crypto: Jupiter, dYdX, and DTX Shine in Bear Market
Decentralized Exchanges Jupiter and DYDX to Become Mainstream in Bear Market? DTX Seems Poised for Growth As the cryptocurrency bear market unfolds, decentralized exchanges (DEXs) like Jupiter, dYdX, and DTX are gaining traction among traders. These platforms are celebrated for their robust security, minimal dependence on centralized authorities, and the […]
29 days agocoindesk
OP, YGG Feeling Sell-Side Pressure as Unlocks Loom
DYDX also has a large unlock scheduled but is not experiencing the same pricing pressure.
57 days agonulltx
Fresh Whales Boost $GMT And $DYDX Tokens With Significant Accumulation
The native token of the FSL ecosystem, $GMT, and the L1 protocol token for the dydx chain, $DYDX, have both seen a 9% surge in value today, fueled by on-chain data indicating new whale accumulation. Spotonchain reports that Whale 0x240 made a substantial withdrawal of 1.86 million $DYDX ($6.65 million) […]
71 day agonulltx
dYdX Chain Sees Increased Adoption Despite Token Price Decline
In recent times, the dYdX Chain has witnessed significant adoption, marked by the addition of 20 new markets to its platform since the deployment of the New Market Listing Widget on dydx.trade. The latest addition to the platform is $ALGO, contributing to the total TVL (Total Value Locked) reaching $11 […]
114 days agocryptodaily
dYdX Foundation Puts Forward Fundraising Proposal, Seeks $30M
The dYdX Foundation, the foundation that supports decentralized exchange dYdX, has requested $30 million in funding from the project’s governing decentralized autonomous organization.
114 days agocoindesk
dYdX Foundation Requests $30M Budget, Pledges to Issue Annual Spending Report
The Foundation wants to preserve an 18 month runway through at least mid-2026.
125 days agocryptopotato
dYdX Overtakes Uniswap in Daily Transaction Volumes
dYdX has surpassed Uniswap's daily transactional volume, hitting $757 million, following the its decision to move to the Cosmos blockchain.
125 days agocoindesk
First Mover Americas: dYdX Beats Uniswap, Bitcoin Outlook Dour
The latest price moves in bitcoin [BTC] and crypto markets in context for Jan. 18, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
126 days agocoindesk
dYdX Tops Uniswap as Largest DEX by Volume
The decentralized exchange, which last year moved over to the Cosmos blockchain, just saw $757 million of volume over a 24-hour period.
148 days agonulltx
A Rising Star in Crypto: This Newcomer Gains Edge Over dYdX and TRON
TLDR: NuggetRush (NUGX) is making waves in blockchain gaming by combining play-to-earn (P2E) incentives and crypto. As a new addition to ICOs, it uniquely supports impact gaming, specifically aiding artisanal miners in developing nations. On December 1, 2023, dYdX (DYDX) unlocked 150 million tokens, valued at $485 million, triggering a […]
170 days agonulltx
$DYDX Experiences Increased Smart Money Outflow After Token Unlock Event
$DYDX, the Ethereum-based token, witnessed a notable shift in its dynamics after the recent token unlock event on December 1. With 150 million $DYDX tokens, equivalent to around $485 million and representing 83.2% of the circulating supply, being unlocked, the token’s Smart Money Outflow ranking on SpotOnChain rose to the […]
170 days agocoindesk
Antonio Juliano: Uprooting a Successful Exchange to Explore the Cosmos
Juliano's dYdX switched from Ethereum to Cosmos in one of the year's biggest blockchain defections. The project has big plans for 2024.
173 days agonulltx
DYDX Faces Market Headwinds Amidst Token Unlock Event and Whale Movements
The past week has witnessed a downward trend for DYDX, with a decline exceeding 10%, and recent whale activity has contributed to this negative sentiment, especially following the token unlock event today. A substantial amount of 150 million $DYDX ($505.5 million), constituting 81.63% of the circulating supply, was unlocked just […]
173 days agocryptopotato
Here’s How Whales Navigated dYdX’s 150M Token Unlock
Three whales have transferred over $21 million worth of DYDX tokens to Binance shortly after the token unlock.
177 days agocoindesk
Altcoin Rally Cools as Massive $650M Worth of Token Unlocks Loom Over Crypto Market
Several major alternative cryptocurrencies including DYDX, Optimism (OP) and SUI dropped sharply as massive token unlocks weighed on prices.
177 days agocointelegraph
$750M in locked crypto tokens to be released by December
DYdX, Optimism, 1inch and Aptos are expected to release over $750 million in locked tokens by December, according to data tracker Token Unlocks.
181 day agonulltx
Is This Emerging Coin Poised to Eclipse Cardano and dYdX in the Cryptocurrency Arena?
TLDR Cardano gains 2% in a week after SEC calls it security in a Kraken lawsuit. dYdX loses 14% after its community voted on the proposal to add ethDYDX to the dYdX chain. Rebel Satoshi set to surpass gains of top cryptos after promising a 150% presale ROI. The bullish sentiment that saw the broader […]
184 days agocointelegraph
dYdX founder blames V3 central components for 'targeted attack,' involves FBI
dYdX founder Antonio Juliano said they’re working to find the original culprit behind the exploit, and they’d rather pay community members who help in the investigation than the exploiter.
184 days agocryptopotato
dYdX Bans ‘Highly Profitable Trading Strategies’ After Targeted Trades on Exchange
The announcement was made after a multimillion-dollar trade had to be compensated by the platform’s insurance fund.
185 days agocointelegraph
dYdX raises margin requirements in some markets, bans “highly profitable trades”
The decentralized exchange increased margin requirements on several markets on Nov. 18, after an alleged targeted attack on the YFI token triggered massive liquidations.
186 days agocointelegraph
dYdX founder claims targeted attack led to $9M insurance claim
dYdX founder Antonio Juliano said that the decentralized exchange as well as the Yearn.Finance token (YFI) are victims of a targeted attack.
187 days agonulltx
TRON and dYdX Enthusiasts Shift Focus to an Emerging Investment Prospect
TLDR: Despite a recent partnership with GT Protocol, TRON experts expect TRX to fall to $0.055 by December. DYDX could fall to $1.25 by mid-December. Rebel Satoshi’s high-flying presale is set to earn early investors a 150% ROI. TRON (TRX) and dYdX enthusiasts have turned their focus to an emerging investment prospect. TRX experts remain […]

About dYdX?

The live price of dYdX (DYDX) today is 2.0204 USD, and with the current circulating supply of dYdX at 245,868,220 DYDX, its market capitalization stands at 496,747,795 USD. In the last 24 hours DYDX price has moved -0.1233 USD or -0.06% while 36,497,364 USD worth of DYDX has been traded on various exchanges. The current valuation of DYDX puts it at #150 in cryptocurrency rankings based on market capitalization.

Learn more about the dYdX blockchain network and how it works or follow the price of its native cryptocurrency DYDX and the broader market with our unique COIN360 cryptocurrency heatmap.

Introduction

dYdX (DYDX) is a leading decentralized exchange (DEX) that allows users to trade, lend, and borrow cryptocurrencies directly from their wallets. Built on the Ethereum blockchain, dYdX aims to create a fully open, permissionless, and secure financial system. The platform's unique aspects include its advanced trading features, such as options and margin trading, which are not commonly found in other DEXs.

Technology & Mechanism

Consensus Mechanism

dYdX operates on the Ethereum blockchain, which uses a Proof-of-Stake (PoS) consensus mechanism. This mechanism allows the platform to maintain high levels of security and decentralization.

Blockchain Technology

dYdX leverages smart contracts on the Ethereum blockchain to facilitate all its operations. These smart contracts are open-source and have been audited multiple times to ensure their security and reliability.

Key Features

Scalability

dYdX uses off-chain order books and on-chain settlement to achieve high scalability. This hybrid model allows the platform to process transactions quickly and efficiently.

Security

Security is a top priority for dYdX. The platform's smart contracts have been audited by leading security firms, and it also has a bug bounty program to encourage the discovery and reporting of potential security vulnerabilities.

Privacy

dYdX respects user privacy by not requiring personal information to use its platform. All transactions are pseudonymous, as is typical with Ethereum-based DEXs.

Decentralization

dYdX is fully decentralized, meaning that it is not controlled by any single entity. This ensures that the platform remains open and permissionless.

Development Team & Governance

dYdX was founded by Antonio Juliano, a former software engineer at Coinbase and Uber. The platform is governed by its community of token holders, who can vote on proposals to change the protocol.

Use Cases & Potential Impact

dYdX can be used for a variety of financial activities, including trading, lending, and borrowing. Its advanced trading features could potentially disrupt traditional financial markets by providing a more open, efficient, and inclusive alternative.

Purchase & Storage

How to Buy

DYDX tokens can be purchased on several exchanges, including Coinbase Pro and Binance. Users can also earn DYDX by providing liquidity on the platform.

Wallets & Storage

DYDX tokens can be stored in any wallet that supports ERC-20 tokens, such as MetaMask or Ledger.

Partnerships & Collaborations

dYdX has partnered with several other projects in the Ethereum ecosystem, including StarkWare, to improve its scalability, and Chainlink, to provide reliable price feeds for its platform.

Roadmap

dYdX has a robust roadmap that includes plans to add more trading pairs, improve its user interface, and further decentralize its governance.

Risks & Challenges

Like all DeFi projects, dYdX faces several risks and challenges, including smart contract bugs, market volatility, and regulatory uncertainty. However, the team is committed to addressing these issues and ensuring the platform's long-term success.

Community & Regulatory Compliance

Community

dYdX has a vibrant community of users and developers who contribute to the platform's development and governance. The community is active on various social media platforms, including Twitter and Discord.

Regulatory Compliance

dYdX is committed to complying with all relevant regulations. The team works closely with legal experts to ensure that the platform operates within the bounds of the law.

In conclusion, dYdX is a pioneering DeFi platform that offers advanced trading features in a secure, decentralized environment. With its robust technology, committed team, and vibrant community, dYdX is well-positioned to play a significant role in the future of finance.

dYdX Price2.0204 USD
Market Rank#150
Market Cap496,747,795 USD
24h Volume34,637,930 USD
Circulating Supply245,868,220 DYDX
Max Supply1,000,000,000 DYDX
Yesterday's Market Cap494,661,888 USD
Yesterday's Open / Close2.1352 USD / 2.0119 USD
Yesterday's High / Low2.1401 USD / 1.9994 USD
Yesterday's Change
-0.06% ( 0.1233 USD )
Yesterday's Volume36,497,364 USD
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