Buy dYdX with Coinbase Wallet

dYdX can be traded using Coinbase Wallet, your key to the world of crypto.

Market

Market stats

Market cap

$990.3M

Volume (24h)

$136.0M

Circulating supply

295.6M DYDX

All time high

$23.64

Price change (1h)

-0.83%

Price change (24h)

-1.29%

Price change (7d)

+7.95%

About dYdX

dYdX is a layer 2protocol, and layer 2 is a secondary framework or protocol created on top of an existing blockchain system. The primary purpose of such protocols is to address the significant cryptocurrency networks' transaction speed and make a blockchain more efficient. DYDX is the governance token of the platform that gives the dYdX community complete control over the system. DYDX lets traders, liquidity providers, and dYdX partners collaborate on the dYdX layer 2 protocol. DYDX creates an ecosystem around governance, rewards, and staking, all designed to propel dYdX's growth and decentralization, resulting in a better user experience.

The user interface is friendly, as the dYdX platform provides various features:

Additionally, the platform also has a concept of epochs. Epochs are 28-day periods that govern all rewards and staking contracts. When the current epoch finishes, a new one begins automatically. Trading rewards are distributed at the end of each epoch. Around seven days after the epoch ends, users can claim their rewards. As the whitepaper of the platform states, any successful exchange relies heavily on liquidity. The liquidity provider rewards are also handed out after the end of epochs. Apart from this, 7.5% of the initial token supply is allocated for distribution to past users of any dYdX protocol who have completed certain trading milestones on the platform.

Another important part of the platform is a community treasury. The community treasury has 5% of the initial token supply. The treasury's goals are to fund programs and initiatives that propel dYdX forward and create funding programs to support community NFTs, hackathons, analytics dashboards, memes, translations, and other initiatives. The treasury is also utilized to create a governance framework and incentivize strong governance.

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Coinbase Bytes

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dYdX is on the rise this week.

The price of dYdX has decreased by 0.83% in the last hour and decreased by 1.29% in the past 24 hours. dYdX’s price has also risen by 7.95% in the past week. The current price is $3.35 per DYDX with a 24-hour trading volume of $136.03M. Currently, dYdX is valued at 85.83% below its all time high of $23.64. This all-time high was the highest price paid for dYdX since its launch.

The current circulating supply of dYdX is 295,616,430.29 DYDX which means that dYdX has as total market cap of 295,616,430.29.

FAQ

What is the current price of dYdX?

We update our dYdX to USD currency in real-time. Get the live price of dYdX on Coinbase.

What is the market cap of dYdX?

The current market cap of dYdX is $990.32M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of dYdX?

The all-time high of dYdX is $23.64. This all-time high is highest price paid for dYdX since it was launched.

What is the 24 hour trading volume of dYdX?

Over the last 24 hours, the trading volume of dYdX is $136.03M.

What other assets are similar to dYdX?

Assets that have a similar market cap to dYdX include SATS, Ronin, Cheelee, and many others. To see a full list, see our comparable market cap assets.

How many dYdX are there?

The current circulating supply of dYdX is 296 million.

Can I buy dYdX on Coinbase?

Yes, dYdX is currently available on Coinbase wallet. For more detailed instructions, check out our helpful how to buy dYdX guide.

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