dYdX price

in USD
$0.62500
-$0.01500 (-2.35%)
USD
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Market cap
$470.41M #79
Circulating supply
753.5M / 1B
All-time high
$30.0000
24h volume
$12.18M
3.4 / 5
DYDXDYDX
USDUSD

About dYdX

CertiK
Last audit: 21 Aug 2021, (UTC+8)

dYdX’s price performance

Past year
-50.99%
$1.28
3 months
-5.18%
$0.66
30 days
+27.52%
$0.49
7 days
-11.44%
$0.71

dYdX on socials

DeFi Warhol
DeFi Warhol
If a project doesn't buy back its own tokens, why should you? Here's my Protocol Buybacks Tier List 🧵 ➣ Bull 🐂 @HyperliquidX: Hyperliquid uses 97% of trading fees to buy back or redistribute $HYPE, $235m to date. In 30 days, they distributed $78.29m to holders. @aave: Recently approved a $1m weekly $AAVE buyback. It’s the first major OG DeFi protocol to formalize buybacks. @RaydiumProtocol: 12% of trading fees from every swap to buy back $RAY. $193m repurchased so far & $7.7m distributed to holders in 30 days. @SkyEcosystem: Sky initiated $1m/day buyback and burn using its stablecoin revenue (USDS), removing ~2% of the total token supply by mid‑2025. @PancakeSwap: 40% of the fees are used for $CAKE buyback. They've distributed $101.75m to holders in the last 30 days. @KaitoAI: Weekly buybacks that help stabilize inflation and VC selling pressure. The buyback cut the circulating supply by ~3.5 million tokens. ➣ Crab 🦀 @dYdX: 25% of net fees for buybacks, staking $DYDX; 40% for staking rewards, making buybacks only slightly deflationary & not very effective. @BNBCHAIN: Allocates 20% of quarterly revenue to buy and burn $BNB. No holder revenue is present. @ether_fi: The program is still in the early stages, only $3.4m has been bought so far. Still risks of inflation and increased selling pressure. @THORChain: Buybacks are counterbalanced by inflationary minting, leading to neutral long-term supply pressure, even with fee-based burns. @orca_so: 20% of its protocol fees to buy $ORCA, which are then used for staking rewards. Buybacks are minimally deflationary and not very effective. ➣ Bear 🐻 @PolyhedraZK: Awful price action and with manipulation and huge selling pressure. $ZKJ dropped from $2 to $0.30 in one day. Buybacks are useless. @Shibtoken: Relies on community manual burns and Shibarium fee burns, no systemic buyback from revenue. @pumpdotfun: Although the team is performing buybacks, the project is slowly fading after TGE. This may be the final nail in the coffin for memecoins. @bonk_fun: Same argument as for @pumpdotfun. The meme narrative is a sinking ship, and buybacks won't save it. It's just a matter of time. What did I miss? Hope you enjoyed this post and found some new VALUABLE information. If you wanna support me, I'd appreciate a like, reply, and RT <3
dYdX
dYdX
🚨 Challenge 2 is now live This week’s #dYdXWeeklyChallenge: Trade any of the boosted markets on dYdX - $BONK, $CRO, $ERA, $PUMP, $ZORA Your $400 reward awaits. 🔗
dYdX Foundation 🦔
dYdX Foundation 🦔
$CRO Market Now Boosted on @dYdX Traders in the $CRO market will now earn 2x point multipliers, boosting their trading rewards at the end of the current Season. To view all boosted markets live on dYdX, visit:

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dYdX FAQ

Currently, one dYdX is worth $0.62500. 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

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Market cap
$470.41M #79
Circulating supply
753.5M / 1B
All-time high
$30.0000
24h volume
$12.18M
3.4 / 5
DYDXDYDX
USDUSD
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