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dYdX Price

(dydx)

USD($)

$0.1106
0.00%(5m)

1m5m15m1h8h1d1W
dYdX (DYDX) Live Price Chart

    dYdX Live Price Data

    dYdX is currently trading at $ 0.1106, with a 24-hour trading volume of $ 79,572. Over the past hour, the price of dYdX changed by -3.56%, and over the past week, its value in USD dropped by -11.92%. The circulating supply of dYdX is 41,656,973 dydx, with a market cap of 4.63M USD, down -3.56% in the last 24 hours. dYdX is ranked #1250 by market cap.

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    Note: This data is for reference only.
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    dydx(dydx) Profile

    altRank1250
    rate--
    Expand
    $0.1089
    $0.1183
    ATH
    $27.74
    Price Change (1h)
    -0.44%
    Price Change (24h)
    -3.56%
    Price Change (7d)
    -11.92%
    Market Cap
    24h Volume
    Circulating Supply
    41,656,973
    Max Supply
    1B

    About dYdX

    • What Is dYdX (DYDX) Crypto?

      dYdX, a cutting-edge decentralized exchange (DEX), stands at the forefront of cryptocurrency trading innovation. Offering a suite of advanced trading options, including derivatives, perpetual, spot, margin, and leverage trading, dYdX has become a go-to alternative to traditional centralized exchanges, particularly for perpetuals. The platform gained significant traction in 2021, emerging as the largest DEX by trading volume.

      The dYdX DEX initially operated on the Ethereum layer 2 system provided by StarkWare. However, with the introduction of dYdX V4, the protocol is transitioning to its own chain, the dYDX Chain, a standalone Cosmos blockchain. This migration to its own chain signifies a move towards full decentralization and is aimed at increasing throughput and providing full stack control for tailored protocol development.

      dYdX's integration with Chainlink and MakerDAO as oracle services is a testament to its commitment to accuracy and reliability. These oracles provide real-time, off-chain price feeds essential for the platform's robust trading environment.

      The DYDX token, the native cryptocurrency of the dYdX platform, plays a crucial role in governance. Users can stake DYDX tokens to participate in the network and earn rewards.

    • How Does dYdX Exchange Work?

      dYdX is built on the Ethereum blockchain, leveraging its security and decentralization. Trades and other operations on dYdX are executed through smart contracts.

      Users maintain control of their funds, unlike centralized exchanges where the exchange controls them. This self-custody is enabled by blockchain technology and smart contracts.

      dYdX Trading Options

      > Spot Trading: Users can buy and sell cryptocurrencies directly.

      > Margin Trading: dYdX allows trading on margin, allowing traders to borrow funds to increase their trading position.

      > Perpetual Contracts: These derivative products allow traders to speculate on the future price of cryptocurrencies without an expiry date.

      dYdX Exchange’s Hybrid Model

      While primarily decentralized, dYdX uses some centralized components for efficiency. For instance, the order book and matching engine may operate on centralized servers to handle high volumes of trades with low latency.

    • History of dYdX DEX and DYDX Coin

      The founders of dYdX are Antonio Juliano and Wei Song. dYdX (DYDX) was launched on August 3, 2021. This launch marked a significant milestone in the development of the dYdX platform, introducing its native ERC-20 governance token on the Ethereum blockchain. The introduction of the DYDX token was a key step in expanding the platform's decentralized governance and incentivizing participation within its ecosystem.

      Here are some key milestones from the dYdX roadmap since its launch until December 2023:

      1. July 2017: dYdX introduced its decentralized margin trading and derivatives protocol on Ethereum.

      2. April 2019: dYdX launched its V2 margin trading platform, offering decentralized lending and borrowing.

      3. February 2020: dYdX released its Layer 2 system, powered by StarkWare, to enhance scalability and reduce transaction costs.

      4. June 2021: Introduction of Layer 2 perpetual contracts, offering users efficient and low-cost trading on dYdX.

      5. October 2021: Announcement of the dYdX V3 protocol upgrade, optimizing user experience and expanding market offerings.

      6. November 2022: dYdX officially migrated to its own chain, the dYdX Chain, achieving greater independence and scalability.

      7. September 2023: Integration of new asset classes into the dYdX platform, broadening its range of decentralized financial products.

    • What Is DYDX Token Used for?

      DYDX is the native token of the dYdX ecosystem and serves the following functions:

       

      Governance of dYdX Exchange

      DYDX token holders have governance rights, meaning they can participate in decision-making for changes and upgrades to the dYdX platform. This includes voting on proposals that affect various aspects of the platform, such as feature development, protocol upgrades, and changes in fee structures.

       

      Enjoy Trading Fee Discounts

      Users holding DYDX tokens may be eligible for discounts on trading fees on the dYdX platform. This incentivizes the holding and usage of DYDX tokens and encourages more active trading on the exchange.

       

      Staking DYDX to Earn Rewards

      Users can stake their DYDX tokens to contribute to the platform's liquidity and security. In return, they receive staking rewards, which can be a source of passive income. Staking often involves locking tokens for a certain period to support various functions like liquidity provision or security enhancement.

       

      Liquidity Mining with DYDX

      DYDX tokens can be earned through liquidity mining programs. Users provide liquidity to the platform by participating in trading activities and, in return, earn DYDX tokens as rewards. This mechanism helps in maintaining healthy liquidity levels on the exchange.

       

      Community Treasury and Ecosystem Development

      A portion of DYDX tokens is allocated to a community treasury, which is used to fund ongoing development, community initiatives, and other activities that contribute to the growth and sustainability of the dYdX ecosystem.

       

      Trade or HODL DYDX on KuCoin

      Trade DYDX coin on the KuCoin Spot Market to make the most of changing market conditions and volatility. Buy or sell DYDX or hold it long-term if you believe in the future of the dYdX DEX. Remember to DYOR before entering any new trades in the crypto market.

    FAQ

    • How much is 1 dYdX (DYDX) worth?

      KuCoin provides real-time USD price updates for dYdX (DYDX). dYdX price is affected by supply and demand, as well as market sentiment. Use the KuCoin Calculator to obtain real-time DYDX to USD exchange rates.

    • What Is the Difference Between DYDX and ETHDYDX?

      DYDX is the native token of the dYdX Chain, a separate blockchain network developed specifically for the dYdX platform. It is used within the dYdX Chain ecosystem for various purposes such as governance, staking, and participating in liquidity pools. The token is integral to the functioning of the dYdX Chain, facilitating transactions and incentivizing network participation.

      ETHDYDX typically refers to a wrapped or bridged version of the DYDX token that exists on the Ethereum blockchain. ETHDYDX aims to enable the token's use within the Ethereum ecosystem. This includes trading on Ethereum-based decentralized exchanges, participation in Ethereum-based DeFi protocols, and compatibility with Ethereum wallets and smart contracts.

      While ETHDYDX maintains the value equivalence with the native DYDX token, its use cases are adapted to the Ethereum network. It allows users to leverage the broader Ethereum ecosystem while holding a token originally from the dYdX Chain.

    • Is dYdX (DYDX) a Good Investment?

      Here are some advantages of investing in DYDX crypto:

      Participate in DeFi

      dYdX is a prominent player in the DeFi space, offering decentralized trading options. Investing in DYDX can be seen as a way to participate in the growth and development of DeFi.

      As the DeFi sector continues to evolve, platforms like dYdX that offer advanced trading options (like margin and perpetual trading) have growth potential, which could positively impact the value of DYDX.

      Access to Multiple Trading Options

      dYdX offers various trading options, including spot, margin, and derivatives trading. This diversity can attract a wide range of traders, potentially increasing the platform's user base and the utility of the DYDX token.

      dYdX’s Innovative Technology

      dYdX has been known for its innovative use of blockchain technology, including layer 2 scaling solutions and smart contracts, which can offer a more efficient and cost-effective trading experience.

    • What Is dYdX Price Prediction?

      While we cannot provide a reliable DYDX crypto price prediction over any duration, the following factors can help you understand the price trends in the dYdX cryptocurrency:

      Growth of dYdX Community and DVDX Staking

      The growth and activity of the dYdX community, including developers, traders, and users, can impact the token's demand and DYDX price.

      The utility of DYDX in staking and governance can influence its demand. If token holders find value in participating in governance or earning staking rewards, it can increase demand for DYDX.

      Future Developments in the dYdX Roadmap

      Announcements about new features, updates, or significant changes in the dYdX platform can affect investor and trader sentiment, influencing the price of DYDX. Advances in the dYdX platform technology, such as scalability improvements or security enhancements, can positively impact the DYDX to USDT price.

      Crypto Market Trends

      The broader trends in the cryptocurrency market often impact the DYDX crypto price. Bullish trends in the market can lead to price increases, while bearish trends can lead to decreases in the DYDX value.

    • How to Earn DYDX Tokens

      Here are some ways to earn $DYDX:

      1. Trading on the dYdX Platform

      > Active Trading: Participate in trading activities on the dYdX exchange. dYdX sometimes rewards active traders with DYDX tokens based on their trading volume or other criteria set by the platform.

      > Trading Competitions: Watch for trading competitions hosted by dYdX. Winners and participants in these competitions often earn DYDX tokens as rewards.

      2. Liquidity Mining

      Provide liquidity to the market by participating in trading activities. Liquidity mining programs reward users with DYDX tokens for contributing to the platform’s liquidity.

      3. DYDX Staking

      > Stake DYDX Tokens: If you already own DYDX tokens, you can stake them on the dYdX platform. Staking involves locking up your tokens for a certain period to support the network, and in return, you earn staking rewards in the form of additional DYDX tokens.

      > Stake Other Cryptocurrencies: Some staking pools on dYdX might allow you to stake other cryptocurrencies (like USDC) and earn DYDX tokens as rewards.

      4. Participate in Governance

      By participating in the governance of the dYdX platform, you might be eligible for rewards in DYDX tokens. This usually involves voting on proposals or actively participating in the governance process.

      5. Participate in dYdX Referral Programs

      dYdX may offer referral programs where you can earn DYDX tokens by referring new users to the platform. When available, the specifics of such programs can be found on the dYdX website or official communications.

      6. DYDX Airdrops

      Occasionally, dYdX may conduct airdrops to distribute DYDX tokens to users who meet certain criteria, such as past platform usage or holding other specific tokens.

    • How to Stake DYDX on dYdX

      Here’s how you can stake $DYDX to earn rewards and participate in the platform’s governance:

      1. Buy DYDX on KuCoin and transfer your tokens to a compatible crypto wallet.

      2. Visit the dYdX trading dApp and connect your wallet to it.

      3. Click the Staking tab and enter the number of DYDX tokens you want to stake.

      4. Review the details and confirm the transaction from your wallet.

      5. Sit back, earn rewards, and grow your crypto portfolio by staking $DYDX.

    • How Is dYdX Different From Uniswap?

      dYdX and Uniswap are key DeFi platforms with unique features. dYdX focuses on advanced trading options like derivatives, margin trading, and perpetual contracts, using an order book model and a hybrid approach with centralized components. It has a native token, DYDX, for governance, staking, and trading fee discounts.

       

      Uniswap, known for popularizing the AMM model, allows straightforward token swaps and liquidity provision without a traditional order book. It's user-friendly and doesn't offer leverage trading. Its governance token, UNI, grants holders voting rights. dYdX caters to experienced traders, while Uniswap targets a broader audience, including beginners. Their distinct features make them suitable for different crypto enthusiasts and traders.

    • What is the all-time high price of dYdX (DYDX)?

      The all-time high price of dYdX (DYDX) is $27.74. The current price of DYDX is down 99.60% from its all-time high.

    • What is the all-time low price of dYdX (DYDX)?

      The all-time low price of dYdX (DYDX) is $0.08123. The current price of DYDX is up 36.22% from its all-time low.

    • How much dYdX (DYDX) is there in circulation?

      As of 7 29, 2026, there is currently 41,656,973 DYDX in circulation. DYDX has a maximum supply of 1B.

    • How do I store dYdX (DYDX)?

      You can securely store your dYdX in the custodial wallet on the KuCoin exchange without having to worry about managing your private keys. Other ways to store your DYDX include using a self-custody wallet (on a web browser, mobile device, or desktop/laptop computer), a hardware wallet, a third-party crypto custody service, or a paper wallet.