DYDX
dYdX
DYDX

dYdX price

in USD
$0.648
-$0.012 (-1.82%)
USD
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Market cap
$501.35M #74
Circulating supply
773.45M / 1B
All-time high
$30
24h volume
$12.44M
3.4 / 5
DYDXDYDX
USDUSD

About dYdX

DYDX is the native cryptocurrency of the dYdX platform, a decentralized exchange (DEX) designed for advanced trading features like margin trading, perpetual contracts, and lending. Built on blockchain technology, dYdX operates without intermediaries, giving users full control over their assets while benefiting from transparency and security. DYDX plays a key role in the platform’s ecosystem, offering governance rights that allow holders to vote on decisions shaping the platform’s future. It also incentivizes active participation through rewards for trading and staking. For new users, DYDX represents an entry point into decentralized finance (DeFi), where innovation meets financial independence. Whether you're exploring crypto trading or seeking passive income opportunities, DYDX is a token that bridges accessibility and advanced financial tools in the digital economy.
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White Paper
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Block explorer
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Last audit: 21 Aug 2021, (UTC+8)

dYdX’s price performance

Past year
-39.73%
$1.08
3 months
-2.88%
$0.67
30 days
-3.33%
$0.67
7 days
-4.78%
$0.68
58%
Buying
Updated hourly.
More people are buying DYDX than selling on OKX
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dYdX on socials

dYdX
dYdX
Launchable Market: $MEME You can now launch @memecoin on dYdX! Start here ➡️
7.51K
27
史莱姆
史莱姆
A coin friend asked $DYDX 1. The shape is a falling wedge, and it has fallen below the issue price. (The chart history is not sure whether it is complete, you can check it yourself) 2. Although Fibonacci has stepped back on 0.618Fib, I personally think it is a relatively low point; if you want to meet the $OM script, it may step back to between 0.786-1Fib. 3. The conservative target price is around 1.91, and the actual target price measurement method can pull the same amplitude at an opening from the breakthrough level. 4. The white line is 10 times the price, which feels more reasonable, and the white line in the middle has strong resistance, and it has been washed for a long time. If the first wave can go up, the currency price touches around 2.78, and half of it can be considered.
Gallery 1
7.17K
18
Larry Engineer 🍡
Larry Engineer 🍡
I've been following Neutron's work on "supervault" since its demo phase. Needless to say, I'm a big fan of this new DeFi primitive. I independently came up with the same idea (probably a little later than Elijah). It will be a core component of @dango's product offering. If you have tried our testnet-2, most likely you've already traded against our passive market making vaults without realizing it. Two ways the vaults will be tremendously valuable: - For Dango, there's no need to pay external market makers hefty fees just to make the exchange usable. This allows us to direct as much value as possible to the Dango token. - For retail investors, this opens up a new yield opportunity so far only available to sophisticated algorithmic traders. === nerd talks below === Creating this kind of vaults have historically been infeasible, due to the lack of fast oracles. For example, as I'm writing this sentence, Chainlink hasn't updated its BTC-USD price in half an hour ( Chainlink only push a price update onchain if the price changes more than a threshold (e.g. 0.5% for BTC). This is ok for lending protocols like Aave, but absolutely not ok for market making. If the vault places order according to an oracle feed that's even half a second too old, there can be arbitrage opportunity that allows high frequency traders to siphon value out of the vault. Additionally, on general-purpose chains like Ethereum, there is MEV -- the oracle's operator needs to pay hefty fees in order to get their transactions prioritized, which can make whole thing economically infeasible. I recommend this article on how legacy protocols (unsuccessfully) deal with this issue: At Dango, we use @PythNetwork's 400 ms feed. We're also in the process of integrating their new 1 ms feed. The oracle updates will be submitted directly by the chain's validator, and pinned to the very top of the block. The vault has priority over other traders in adjusting its quotes in response to oracle updates. We also have circuit breakers that safeguard situations such as oracle downtime or obviously false data (like BTC suddenly goes from 120k to zero). Thank you for your attention to this matter!
Gallery 1
Elijah
Elijah
Almost a decade into the "DeFi experiment", one of the few enduring (and novel) products that DeFi has created are Tokenized LP positions. There's really nothing like it. In theory this should be incredible! Onboarding active market makers is incredibly expensive in any market. The simplest explanation is that players sophisticated enough to market make have high opportunity costs. Democratizing market making _could_ be a great equalizer - everyone would get access to new sources of returns and markets would have deeper liquidity from their ability to cheaply onboard more funds. But in reality, the Tokenized LP position has fallen flat. Much of the trading volume comes from arbitrageurs who are earning lucrative returns at the expense of LP losses. Most AMMs are too static to respond properly. Supervaults were our team's answer. Every block, every validator votes on the price of a token. Rather than risking their votes being delayed, the price is updated at the top of the block. Supervaults are then given priority over other orders. At the top of the block they rebalance to the new price, before arbitrageurs are able to pick them off at the previous block's reported price. This provides some much-needed protection for LPs. There's going to be a lot of iteration required to perfect the parameters, design of the oracle, and priority system. But launching it as a protocol in production is a big milestone nonetheless. And I'm very excited to see what's in store.
Gallery 1
10.35K
62
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dYdX FAQ

dYdX is an advanced trading exchange for spot, margin, and perpetual futures trading. Traders can directly access the platform without handing over their assets to a central entity. The platform is powered by smart contracts on Ethereum, making dYdX an open, permissionless, noncustodial DEX. DYDX is the ticker symbol of the exchange’s native governance token.

dYdX offers various trading tools and features that help with faster trade execution, security, and platform transparency. Moreover, there have been no gas fees after implementing Layer 2 scaling solutions, giving traders access to more trading pairs.

The noncustodial dYdX exchange uses smart contracts for all its services. Each asset listed on dYdX has its own lending pool. Lenders and borrowers interact within asset pools, determining the supply and demand and each asset’s interest rates. DeFi services such as margin trading and perpetual futures trading are also available.

Easily buy dYdX tokens on the OKX cryptocurrency platform. Available trading pairs in the OKX spot trading terminal include dYdX/USDT and dYdX/USDC.

You can also buy dYdX with over 99 fiat currencies by selecting the "Express buy" option. Other popular crypto tokens, such as Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and USD Coin (USDC), are also available.

Swap your existing cryptocurrencies, including XRP (XRP), Cardano (ADA), Solana (SOL), and Chainlink (LINK), for dYdX with zero fees and no price slippage by using OKX Convert.

To view the estimated real-time conversion prices between fiat currencies, such as the USD, EUR, GBP, and others, into dYdX, visit the OKX Crypto Converter Calculator. OKX's high-liquidity crypto exchange ensures the best prices for your crypto purchases.

Currently, one dYdX is worth $0.648. For answers and insight into dYdX's price action, you're in the right place. Explore the latest dYdX charts and trade responsibly with OKX.
Cryptocurrencies, such as dYdX, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as dYdX have been created as well.
Check out our dYdX price prediction page to forecast future prices and determine your price targets.

Dive deeper into dYdX

As a Layer-2 decentralized exchange, dYdX leverages Ethereum smart contracts to create various crypto-asset financial products. DYDX is the name and ticker symbol of the governance token of the dYdX exchange. With advanced trading features, this open trading platform supports perpetual futures, margin trading, borrowing, and lending to ensure fast execution, security, and transparency. The exchange also offers programmatic trading and helps traders build their trading bots on dYdX.

In 2020, the fully noncustodial protocol also implemented a Layer 2 scaling solution (ZK-rollups) by partnering with blockchain technology developer StarkWare. With this partnership, the perpetual contracts on the exchange are powered by StarkWare’s scalability engine, StarkEx. As a result, with 25 times more buying power, traders no longer have to pay fees to miners for each transaction.

The StarkWare and dYdX integration helped bring more trading pairs onto the exchange, allowing traders to increase capital efficiency and trade with lower margin requirements.

The liquidity of the dYdX exchange is mainly due to staking pools. dYdX has two types of staking pools, namely safety and liquidity pools. Both provide liquidity and allow the creation of new markets on the Layer 2 protocol. Users continue to receive staking rewards in proportion to their share in the pools. The platform also incentivizes long-term holders of DYDX tokens by providing them with trading rewards and discounts.

DYDX price and tokenomics

DYDX has a total supply of 1 billion, which will be distributed over five years. The perpetual inflation rate is fixed at a maximum of 2% per year, enforced via a governance proposal. All holders of DYDX tokens can participate in the governance process to make necessary changes to the Layer 2 protocol. For example, holders can define staking pool payouts and set risk parameters, adding more utility value to the DYDX token.

50% of the total supply of DYDX tokens will go towards the dYdX community, which includes traders, liquidity providers, and stakers. The remaining supply is distributed among past investors and employees of the dYdX Foundation. The token’s staking mechanism and governance utility has facilitated the growth of DYDX’s price.

About the founders

Antonio Juliano is the founder and CEO of dYdX. He started his journey in the crypto world after graduating from Princeton University with a computer science degree, which landed him an internship at Coinbase. He started the dYdX decentralized exchange to increase transparency, improve user safety, and faster trading transactions. Juliano felt a lot of demand for margin trading and pushed it as a use case for dYdX.

dYdX has raised a total of $87 million over four funding rounds. On June 15, 2021, dYdX raised $65 million during a Series C round led by Paradigm. The previous funding round in January 2021 helped raise $10 million, the lead investors being Three Arrows Capital and Defiance Capital.

Disclaimer

The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice.

OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
Market cap
$501.35M #74
Circulating supply
773.45M / 1B
All-time high
$30
24h volume
$12.44M
3.4 / 5
DYDXDYDX
USDUSD
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