About DYDX
Market Stats
Market Cap
$491,133,228.08
-5.26%
FDV
$641,303,277.95
Circulating Supply
765,836,141.756 COSMOSDYDX
Max Supply
1,000,000,000 COSMOSDYDX
Total Supply
889,308,850 COSMOSDYDX
Diluted Valuation
$563,132,261.00
Performance
Popularity
Not enough data
Dominance
0.02%
Volume (24H)
$7,792,553.08
-0.12%
Volume (7D)
$52,990,855.12
Volume (30D)
$244,046,629.66
All time high
$4.15
Overall Price Change (1Y)
-0.7%
Additional info about DYDX
Recent trends
The price of DYDX has increased by 0.06% in the last hour and decreased by 5.30% in the past 24 hours. DYDX’s price has also risen by 6.78% in the past week. The current price is $0.64 per COSMOSDYDX with a 24-hour trading volume of $7.79M. Currently, DYDX is valued at 84.54% below its all time high of $4.15. This all-time high was the highest price paid for DYDX since its launch. The current circulating supply of DYDX is 765,836,141.756 COSMOSDYDX which means that DYDX has as total market cap of $491,133,228.08.
Market details
COSMOSDYDX vs markets
↘ 76.45%
COSMOSDYDX vs BTC
↘ 79.6%
COSMOSDYDX vs ETH
↘ 45.9%
Tags
decentralized-exchange-dex-token
made-in-america
Network & Addresses
Network | Address | |
|---|---|---|
dYdX | NA | |
Osmosis | ibc/831F0B1BBB1D08A2B75311892876D71565478C532967545476DF4C2D7492E48C | |
Cosmos | ibc/831F0B1BBB1D08A2B75311892876D71565478C532967545476DF4C2D7492E48C |
Price history
Time | Price | Change |
|---|---|---|
Today | $0.64 | ↘ 5.68% |
1 Day | $0.67 | ↘ 5.30% |
1 Week | $0.60 | ↗ 6.78% |
1 Month | $0.73 | ↘ 12.70% |
1 Year | $2.13 | ↘ 69.93% |
FAQ
dYdX (DYDX) is the native governance token of the dYdX protocol, a decentralized platform designed for perpetual trading and derivatives on blockchain networks. Built initially on Ethereum and later transitioning to its own dYdX Chain (v4) based on the Cosmos SDK, the protocol aims to provide users with fast, low-cost, and decentralized trading solutions. The DYDX token plays a crucial role in governing the protocol, allowing holders to participate in decision-making processes related to fee structures, staking, and protocol upgrades.
dYdX operates as a decentralized exchange (DEX) focusing on perpetual contracts and derivatives trading. In its v4 version, dYdX transitioned to a standalone Cosmos-based blockchain, enhancing scalability and reducing transaction costs. The DYDX token is used for staking, governance, and rewarding liquidity providers. Traders can access a wide range of markets with leverage, while validators and stakers help secure the network and process transactions. Governance proposals are voted on by DYDX token holders, giving the community control over the protocol's development.
dYdX offers several use cases in the decentralized finance (DeFi) space. Traders can use the platform for perpetual contracts and leverage trading without relying on centralized exchanges. DYDX tokens are used for governance, enabling holders to vote on protocol upgrades and policy changes. The token is also used for staking, which helps secure the network and provides rewards to stakers. Additionally, liquidity providers can earn rewards in DYDX for contributing to the platform's trading pools, making it a vital component of the dYdX ecosystem.
dYdX was founded by Antonio Juliano in 2017 as a decentralized platform for margin trading and derivatives. Initially built on Ethereum, the protocol launched its governance token, DYDX, in 2021 to decentralize control and incentivize participation. In 2023, dYdX v4 transitioned to a Cosmos-based blockchain to improve scalability and reduce transaction fees. Since its inception, dYdX has become one of the leading DeFi platforms for derivatives trading, with DYDX token holders playing an essential role in governing the protocol and shaping its future.
We update our DYDX to USD currency in real-time. Get the live price of DYDX on Coinbase.
The current market cap of DYDX is $491.13M. A high market cap implies that the asset is highly valued by the market.
The all-time high of DYDX is $4.15. This all-time high is highest price paid for DYDX since it was launched.
Over the last 24 hours, the trading volume of DYDX is $7.79M.
Assets that have a similar market cap to DYDX include Kava, Aerodrome Finance, TrueUSD, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of DYDX is 766 million.
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