DYDX
dYdX
DYDX

dYdX price

in USD
$0.59300
+$0.031000 (+5.51%)
USD
We can’t find that one.
Check your spelling or try another.
Market cap
$450.01M #77
Circulating supply
760.16M / 1B
All-time high
$30.0000
24h volume
$28.04M
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.
AI-generated
Official website
White Paper
Github
Block explorer
CertiK
Last audit: 21 Aug 2021, (UTC+8)

dYdX’s price performance

Past year
-36.99%
$0.94
3 months
-12.26%
$0.68
30 days
+13.79%
$0.52
7 days
+2.06%
$0.58

dYdX on socials

gala⚡
gala⚡
Speaking of which, Crypto's choice to support their advanced trading features with @dYdX makes a lot of sense to me. First of all, derivatives trading is indeed a major part of the entire crypto market, especially perpetual contracts, which account for a significant portion of the trading volume. But the problem is that achieving a seamless experience on-chain, similar to centralized exchanges, has a really high technical barrier. More importantly, this integration approach is actually quite clever. I think this collaboration represents a trend: the future of DeFi won't be about fighting alone, but rather about complementary advantages. For example, they have a leaderboard activity on @KaitoAI.
Gallery 1
5.92K
169
gala⚡
gala⚡
The logic behind the integration of @dYdX is worth delving into. This is not just a simple collaboration between two platforms, but rather a typical reflection of the current stage of development in the entire cryptocurrency industry. We are at a very interesting time point. On one hand, users' demand for self-custody is becoming increasingly strong, especially after experiencing black swan events like FTX, leading to a deeper understanding of the phrase "Not your keys, not your crypto." On the other hand, users do not want to sacrifice trading experience for security; they hope to maintain complete control over their assets while enjoying professional-level trading features. Mobile trading is becoming increasingly important, but most platforms either have overly simplistic features or centralized custody that raises concerns. The app has already performed well in self-custody, and now directly integrating dYdX's infrastructure essentially brings advanced derivatives trading to mobile, while allowing users to maintain complete control over their assets. This combination is indeed quite clever. The deeper logic is that dYdX, as a leading platform for on-chain derivatives, has already validated its technical architecture and liquidity. I think this cooperation model is actually worth paying attention to, as it may become a standard practice for many wallets and DeFi applications in the future. Not every project needs to reinvent the wheel; instead, they can leverage their strengths and quickly integrate the best features through APIs and modular approaches. For users, being able to use the most professional trading tools within a familiar interface is indeed a much better experience than jumping between different platforms. There is a ranking activity on @KaitoAI!
Gallery 1
11.4K
273
dYdX
dYdX
Challenge 3. $10,000 prize pool on the line. You know what to do 🤝
Gallery 1
2.51K
41
View more posts

Guides

Find out how to buy dYdX
Getting started with crypto can feel overwhelming, but learning where and how to buy crypto is simpler than you might think.
Dive in
Predict dYdX’s prices
How much will dYdX be worth over the next few years? Check out the community's thoughts and make your predictions.
Forecast
View dYdX’s price history
Track your dYdX’s price history to monitor your holdings’ performance over time. You can easily view the open and close values, highs, lows, and trading volume using the table below.
Check it out
Own dYdX in 3 steps

Create a free OKX account

Fund your account

Choose your crypto

Trade a wide selection of crypto on OKX

dYdX FAQ

Currently, one dYdX is worth $0.59300. 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
$450.01M #77
Circulating supply
760.16M / 1B
All-time high
$30.0000
24h volume
$28.04M
3.4 / 5
DYDXDYDX
USDUSD
Easily buy dYdX with your AUD