12/9/2022, 8:41:10 AM

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Market stats

Market cap


Volume (24h)


Circulating supply

65.6M DYDX

All time high


Price change (1h)


Price change (24h)


Price change (7d)


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dYdX is on the decline this week.

The price of dYdX has fallen by 14.99% in the past 7 days. The price declined by 1.51% in the last 24 hours. In just the past hour, the price shrunk by 0.32%. The current price is $1.62 per DYDX. dYdX is 94.16% below the all time high of $27.78.

The current circulating supply is 65,569,295 DYDX.


What Is dYdX (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:

  • Active governance suggestions that can be viewed and voted on, including prior governance suggestions.

  • Holders of DYDX are given two types of governance powers: the ability to propose and vote. Users can view their proposing and voting powers on the dashboard.

  • Users can see the rewards they've received from their trading activity on the exchange.

  • In an aggregated view, users can see their DYDX holdings, claimable DYDX, staked DYDX, and withdrawable DYDX. Besides this, the current circulating quantity and daily distribution of DYDX tokens can also be viewed by users.

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.

How to Earn DYDX?

Users can stake USDC and DYDX to earn staking rewards. DYDX is issued to users who stake USDC to the liquidity staking pool to foster liquidity network effects and incentivize professional liquidity providers. Community-approved liquidity providers use the staked USDC to construct markets on the dYdX. This further increases the liquidity accessible throughout the markets. DYDX payouts are given in real time based on each staker's share of the total USDC in the pool. Staking pools are the way to increase the protocol's liquidity and security. 

History of dYdX (DYDX)

The dYdX Foundation is a non-profit organization headquartered in Zug, Switzerland. The dYdX Foundation supports and grows every aspect, technical or otherwise, of the current implementation and all future implementations of the dYdX protocol. In addition, Arthur Cheong, Rebecca Rettig, and Markus Spillman are members of the dYdX Foundation's Council. 

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Reading List


The Block • Mar 09, 22

dYdX launches beta iOS app for limited users

Decentralized crypto derivatives exchange dYdX has released a beta version of its iOS mobile app. The post dYdX launches beta iOS app for limited users appeared first on The Block.

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The Defiant • Jan 21, 22

DEXs Sliding into Price War as Uniswap and dYdX Slash Trading Fees

A price war has erupted in DEXs with Uniswap and dYdX trading blows.

Read more

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Blockworks • Jan 13, 22

DeFi Alliance Raises $50M, Shifts to DAO Structure

DeFi Alliance is a Web3 startup accelerator that has helped more than 90 startups including 0x, Alpha Finance, dYdX, Kyber, Olympus DAO, Paraswap, Ribbon Finance, Sushiswap, Synthetix, Zerion, and others The post DeFi Alliance Raises $50M, Shifts to DAO Structure appeared first on Blockworks.

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The Block • Nov 16, 21

Ethereum Layer 2 developer StarkWare raises $50 million, now valued at $2 billion

StarkWare, an Ethereum Layer 2 developer, has raised $50 million in a Series C funding round and is now valued at $2 billion. The post Ethereum Layer 2 developer StarkWare raises $50 million, now valued at $2 billion appeared first on The Block.

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The Block • Nov 04, 21

Bitcoin demand trends ‘downwards’ as institutions move into DeFi and ‘blue chip’ alts, says Genesis

The further institutionalization of bitcoin has made it less attractive to more opportunistic traders, according to Genesis' most recent quarterly report.  The post Bitcoin demand trends ‘downwards’ as institutions move into DeFi and ‘blue chip’ alts, says Genesis appeared first on The Block.

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Blockworks • Oct 01, 21

The Rise of DEXs Begins Move to L-2’s Like Starkware

Blockworks chats with Starkware co-founder Eli Ben-Sasson to get a sense of where things are going in the race to clean up Ethereum’s crowded pipes. The post The Rise of DEXs Begins Move to L-2’s Like Starkware appeared first on Blockworks.

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What is the current price of dYdX?

The price of 1 dYdX currently costs $1.62.

What is the market cap of dYdX?

The current market cap of dYdX is $106.39M. 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 $27.78. 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 $49.45M.

What other assets are similar to dYdX?

Assets that have a similar market cap to dYdX include Voyager Token, Smooth Love Potion, Kaspa, 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 66 million.