Light Mode
dYdX
DYDX
30,240 VNDC
0.78%
1D
7D
1M
3M
1Y
YTD
ALL
Statistics
24h Trading Volume
$ 3,378,632.47
10-day Average Volume
$ 6,622,850.29
Market Cap
$ 80,350,760.13
Highest (1 year)
678,059 VNDC
Lowest (1 year)
24,307 VNDC
Circulating Supply
65,569,295
Total Supply
1b
Changes
1 Day
0.78%
7 Days
3.77%
1 Month
24.68%
3 Months
12.01%
This Year
91.06%
About dYdX (DYDX)

DYDX is a governance token of the dYdX platform – an open-source, decentralized exchange built on the Ethereum blockchain that aims to provide open, secure, and robust financial products. To help everyone know more about DYDX to have better investment decisions, VNDC presents a comprehensive research study on the dYdX token (DYDX) and its role in the dYdX platform.

dYdX is an open-source, decentralized exchange built on top of Ethereum with the aim of generating open, safe, and reliable financial products. By combining the advantages of both centralized and decentralized exchanges, dYdX provides a financial platform with tremendous performance and speed while ensuring security and transparency.

dYdX’s mission is to build a robust ecosystem that allows users to execute supporting features and Derivatives such as Spot, Margin, and Perpetuals trading. Each dYdX section seeks to further the platform’s future growth and decentralization while also enhancing the user experience.

dYdX’s Advantages

  • Low transaction prices and no gas fees: dYdX allows users to transact directly on the platform (Layer 2) without paying miners fees.
  • Safety, security: STARKWARE technology is based on the Zero-Knowledge Rollups algorithm, which helps to secure user safety and privacy.
  • Fast transaction speed: All of the preceding transactions are completed in a matter of seconds.
  • Mobile-friendliness: User interface is clean and simple to use on mobile devices.
  • Cross-chain Margin: dYdX allows you to leverage numerous market positions from a single account.

The dYdX token (DYDX) is a utility and governance token in the dYdX ecosystem that runs on the Ethereum platform and can be used for:

  • Staking: to provide liquidity for the protocol.
  • Payout: to make monthly in-app bonus payments.
  • Voting: to participate in governance activities and vote on platform decisions.