About DerivaDAO
DDX is an Ethereum token that powers DerivaDEX, a decentralized exchange for derivative contracts. The DDX token allows users to participate in the governance and operation of the exchange.
Get up to $200 for getting started
Sign me up
Market Stats
Market Cap
$286,646.88
FDV
$1,098,488.51
Circulating Supply
26,094,664 DDX
Max Supply
100,000,000 DDX
Total Supply
50,297,306 DDX
Total Value Locked
$1,432,781.67
Performance
Popularity
#2,393
Dominance
0%
Volume (24H)
$18.93
0.01%
Volume (7D)
$141.27
Volume (30D)
$570.05
All time high
$20.76
Overall Price Change (1Y)
-0.73%
Additional info about DerivaDAO
Recent trends
The price of DerivaDAO has decreased by 2.70% in the last hour and decreased by 1.27% in the past 24 hours. DerivaDAO’s price has also fallen by 63.50% in the past week. The current price is $0.0110 per DDX with a 24-hour trading volume of $18.93. Currently, DerivaDAO is valued at 99.95% below its all time high of $20.76. This all-time high was the highest price paid for DerivaDAO since its launch. The current circulating supply of DerivaDAO is 26,094,664 DDX which means that DerivaDAO has as total market cap of $286,646.88.
Market details
DDX vs markets
↘ 79.01%
DDX vs BTC
↘ 82.65%
DDX vs ETH
↘ 55.1%
Tags
decentralized-exchange-dex-token
defi
derivatives
alleged-sec-securities
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x3A880652F47bFaa771908C07Dd8673A787dAEd3A |
Price history
Time | Price | Change |
|---|---|---|
Today | $0.0110 | ↘ 1.30% |
1 Day | $0.0111 | ↘ 1.27% |
1 Week | $0.0301 | ↘ 63.50% |
1 Month | $0.0288 | ↘ 61.88% |
1 Year | $0.0403 | ↘ 72.77% |
FAQ
DerivaDAO (DDX) is a decentralized exchange (DEX) that operates on the Ethereum blockchain, with a focus on derivatives trading. It distinguishes itself by offering real-time price feeds, swift trade resolution, and a fee structure that aims to be competitive. As a Decentralized Autonomous Organization (DAO), DerivaDAO is governed and controlled directly by its traders and token holders. It seeks to address the challenges faced by both centralized and decentralized exchanges, such as weak security, potential regulatory issues, and user experience concerns. DerivaDAO's distinctive architecture allows it to provide a similar level of speed and efficiency as centralized exchanges while maintaining the security and decentralization of a DAO.
DerivaDAO operates using a distinctive architecture that handles trading and other exchange-related transactions on its DerivaDEX operator network, rather than on a public blockchain. This custom layer-two solution allows DerivaDAO to compete with centralized exchanges in terms of speed and cost. It also eliminates the need for users to deal with high Ethereum gas fees. DerivaDAO's system focuses on providing the core functionality of a centralized exchange in a non-custodial manner, with all funds secured by the Ethereum network. Unlike other layer-two solutions, DerivaDAO's centralized order sequencer has no control over the order flow, and users don't experience long wait times for on-chain transactions.
DerivaDAO aims to fill a gap in the intersection of trading and blockchain technology. It seeks to solve the issues faced by other exchanges, such as weak security and potential regulatory concerns, by operating as a DAO. This removes censorship concerns and eliminates a single point of failure. DerivaDAO also strives to offer a performant and capital-efficient user experience, addressing the liquidity and user experience issues of decentralized exchanges. Its off-chain price feeds, matching engine, and liquidation operators aim to provide a similar level of speed and efficiency as centralized exchanges, making it a potential choice for users seeking a decentralized yet efficient trading platform.
DerivaDAO was founded by Aditya Palepu, a Duke alumnus and former algorithmic trader with experience in software engineering. He is supported by a team of nine, including co-founder Frederic Fortier, a software engineer with over a decade of experience building distributed systems. DerivaDAO has also received support from a variety of investors, raising a total of $2.7 million in several rounds. The total supply of DDX, the native token of DerivaDAO, is 100 million, with 50% emitted as part of the genesis supply and 50% to be emitted over ten years as part of the liquidity mining supply. The DerivaDAO network is secured by Ethereum, a widely used blockchain for DAOs.
We update our DerivaDAO to USD currency in real-time. Get the live price of DerivaDAO on Coinbase.
The current market cap of DerivaDAO is $286.65K. A high market cap implies that the asset is highly valued by the market.
The all-time high of DerivaDAO is $20.76. This all-time high is highest price paid for DerivaDAO since it was launched.
Over the last 24 hours, the trading volume of DerivaDAO is $18.93.
Assets that have a similar market cap to DerivaDAO include Atomic Wallet Coin, Soyjak, Crypto-AI-Robo.com, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of DerivaDAO is 26 million.
DerivaDAO ranks 268 among tradable assets on Coinbase. Popularity is currently based on relative market cap.
Currently, 88% of Coinbase users are buying DerivaDAO. In other words, 88% of Coinbase customers have increased their net position in DerivaDAO over the past 24 hours through trading.
Get up to $200 for getting started
Earn free crypto after making your first purchase.
Terms apply. Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
DerivaDAO news
Social stats
Popularity in posts
#4331
Contributors
19
Posts
19
% About DerivaDAO
0.003%
Hold times
0 days
X (Twitter)
15.79% bullish
Sentiment
1.5 ★
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Highlights
19 unique individuals are talking about DerivaDAO and it is ranked #4,331 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, DerivaDAO has an average sentiment score of 29 out of 5. Finally, DerivaDAO is becoming less newsworthy, with 0 news articles published about DerivaDAO.
On Twitter, people are mostly neutral about DerivaDAO. There were 21.43% of tweets with bullish sentiment compared to 35.71% of tweets with a bearish sentiment about DerivaDAO. 78.57% of tweets were neutral about DerivaDAO. These sentiments are based on 15 tweets.
On Reddit, DerivaDAO was mentioned in 0 Reddit posts and there were 0 comments about DerivaDAO. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
Powered by LunarCrush
DerivaDAO calculator
Related assets
Discover conversions
Popular cryptocurrencies
Comparable market cap
Discover more assets
Legal
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.