DYDX is not tradable on Coinbase.

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About DYDX

dYdX protocol is a decentralized platform designed for perpetual trading and derivatives on blockchain networks. Built initially on Ethereum and later transitioning to its own dYdX Chain based on the Cosmos SDK, the protocol aims to provide users with fast, low-cost, and decentralized trading solutions.

Happening now

AI generated 1h ago

COSMOSDYDX price declined roughly

↘2%

over the past 24 hours while the number of active traders rose roughly

↗11%

over the same period.

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Trading Insights

Buyer Ratio

58%0%

Traders

19

11.76%

Buyers

11

0%

Sellers

9

12.5%

Searched

31

Market Stats

Market Cap

ARS 157.23B

1.54%

FDV

ARS 185.83B

Circ. Supply

846M COSMOSDYDX

Max Supply

1B COSMOSDYDX

Total Supply

958M COSMOSDYDX

Diluted Valuation

ARS 178.08B

Performance

Popularity

#184

Dominance

0%

Volume (24H)

ARS 5.85B

29.23%

Volume (7D)

ARS 57.96B

Volume (30D)

ARS 243.09B

All time high

ARS 6.38K

Price Change (1Y)

80.75%

Additional details

Market details

COSMOSDYDX vs markets

↘ 72.71%

COSMOSDYDX vs BTC

↘ 72.65%

COSMOSDYDX vs ETH

↘ 66.6%

Tags

decentralized-exchange-dex-token

derivatives

layer-1

made-in-america

+3

Network & Addresses

Network
Address

dYdX

NA

Osmosis

ibc/831F0B1BBB1D08A2B75311892876D71565478C532967545476DF4C2D7492E48C

Cosmos

ibc/831F0B1BBB1D08A2B75311892876D71565478C532967545476DF4C2D7492E48C

Price history

Time
Price
Change
Today
ARS 182.64
-2.19%
1 Day
ARS 189.50
-2.19%
1 Week
ARS 172.30
+7.57%
1 Month
ARS 175.21
+4.41%
1 Year
ARS 862.68
-80.75%

Coinbase insights

Happening now

AI generated 1h ago

COSMOSDYDX price declined roughly

↘2%

over the past 24 hours while the number of active traders rose roughly

↗11%

over the same period.


Trading activity and price diverge

Trading volume declined roughly

↘26%

over the past 24 hours with approximately 1.8 times more sellers than buyers as of the latest daily snapshot.


Performance versus Layer 1 peers mixed

The asset performed better than other Layer 1 assets by roughly

↗7%

over the past week while declining roughly

↘19%

more than the category average over the past month.


Market-wide selling pressure elevated

Across the broader market, traders with leveraged long positions faced approximately $171M in forced selling over the past 24 hours, roughly 1.8 times more than short positions.


Most tokens already in circulation

Approximately 85% of the total possible tokens are already in circulation, meaning relatively few new tokens remain to enter the market.

Recent trends

The latest COSMOSDYDX price is ARS 182.64. Compared to DYDX's value of ARS 189.50 from 24 hours ago, there's been a -2% decrease, while the current price is 8% up from ARS 172.30 which was recorded one week ago. DYDX's all time high is ARS 6,376.13, which was reached on March 13, 2024. This is a -97% change from its price today.

The current circulating supply of DYDX is 846,094,216. This is 85% of its max supply of 1,000,000,000 COSMOSDYDX and 88% of its total supply of 958,342,962. The market cap is currently ARS 157.23B, which is a result of multiplying the current price of DYDX(ARS 182.64) by the total supply(958,342,962 COSMOSDYDX). The fully diluted valuation of DYDX is ARS 185.83B. The diluted valuation of DYDX is ARS 185.83B.

DYDX had 11 buyers, 9 sellers and total 19 trades in the last 24h. DYDX was searched 31 times in the last 24h.

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 ARS currency in real-time. Get the live price of DYDX on Coinbase.

The current market cap of DYDX is ARS 157.228B. A high market cap implies that the asset is highly valued by the market.

The all-time high of DYDX is ARS 6,376.13. 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 ARS 5.85B.

Assets that have a similar market cap to DYDX include Geodnet, Genius Terminal, Helium, and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of DYDX is 846 million.

DYDX ranks 351 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

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