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dYdX (Native) Price
dYdX (Native) price

dYdX (Native) Price(DYDX)

Not listed
Note: This coin is not listed on Binance for trade and service.
Currency
$ 2.154487
+12.01%
1D
Page last updated: 2024-05-21 12:44 (UTC+0)
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Note: This information is for reference only.

Price of DYDX today

The live price of dYdX (Native) is $ 2.154487 per (DYDX / USD) with a current market cap of $ 1.20B USD. 24-hour trading volume is $ 55.82M USD. DYDX to USD price is updated in real-time. dYdX (Native) is +12.01% in the last 24 hours with a circulating supply of 558.48M.
DYDX Price History USD
Date ComparisonAmount Change% Change
Today$ 0.231036+12.01%
30 Days$ -0.212697-8.99%
60 Days$ -1.147304-34.75%
90 Days$ -0.857312-28.47%

DYDX Price Information

24h Low & High
The highest and lowest price paid for this asset in 24 hours.
Low: $ 1.915023
High: $ 2.188491
The highest and lowest price paid for this asset in 24 hours.
All Time High
The highest price paid for this asset since it was launched or listed.
$ 4.528474
The highest price paid for this asset since it was launched or listed.
Price Change (1h)
The percent change in trading volume for this asset compared to 1 hour ago.
-1.15%
The percent change in trading volume for this asset compared to 1 hour ago.
Price Change (24h)
The percent change in trading volume for this asset compared to 24 hours ago.
+12.01%
The percent change in trading volume for this asset compared to 24 hours ago.
Price Change (7d)
The percent change in trading volume for this asset compared to 7 days ago.
+11.70%
The percent change in trading volume for this asset compared to 7 days ago.

DYDX Market Information

The percentage of Binance customers who increased or decreased their net position in BTC over the past 24 hours through trading.
Popularity
Popularity is based on the relative market cap of assets.
#76
Popularity is based on the relative market cap of assets.
Market Cap
Market cap is calculated by multiplying the asset's circulating supply with its current price.
$ 1.20B
Market cap is calculated by multiplying the asset's circulating supply with its current price.
Volume (24hours)
The total dollar value of all transactions for this asset over the past 24 hours.
$ 55.82M
The total dollar value of all transactions for this asset over the past 24 hours.
Circulation Supply
The number of coins circulating in the market and available to the public for trading, similar to publicly traded shares on the stock market.
558.48M
The number of coins circulating in the market and available to the public for trading, similar to publicly traded shares on the stock market.
Total Maximum Supply
The total number of coins that will ever be created for the cryptocurrency, similar to fully diluted shares in the stock market. If this data is not provided or verified by CoinMarketCap, the maximum supply is displayed as '--'.
--
The total number of coins that will ever be created for the cryptocurrency, similar to fully diluted shares in the stock market. If this data is not provided or verified by CoinMarketCap, the maximum supply is displayed as '--'.
Fully Diluted Market Cap
The total number of coins that will ever be created for the cryptocurrency, similar to fully diluted shares in the stock market. If this data is not provided or verified by CoinMarketCap, the maximum supply is displayed as '--'.
$ 1.62B
The total number of coins that will ever be created for the cryptocurrency, similar to fully diluted shares in the stock market. If this data is not provided or verified by CoinMarketCap, the maximum supply is displayed as '--'.

About dYdX Chain (DYDX)

Launched initially on Ethereum's network as a Layer 2 decentralized exchange (DEX), dYdX transitioned to the Cosmos ecosystem in 2023, affirming its commitment to a decentralized trading environment. This strategic shift aimed to lower transaction fees, improve the platform's scalability, and achieve quicker transaction processing, catering to the evolving needs of its users for more efficient and cost-effective trading experiences.

The launch of the dYdX Chain on October 26, 2023, marked by the creation of its inaugural block, signifies a new era for the platform. As a proof-of-stake blockchain crafted with the Cosmos SDK and CometBFT consensus, it heralds the adoption of DYDX as its primary Layer 1 token. This adoption, decided through community voting, underscores DYDX's integral role in staking, securing the network, and guiding governance, thus supporting the platform's shift towards a more community-centric and decentralized framework.

The wethDYDX Smart Contract plays a pivotal role in transitioning ethDYDX, the governance token, from its Ethereum-based structure to the dYdX Chain. This move is vital for reinforcing the governance of the dYdX Layer 2 Protocol ("dYdX v3"), aligning it with the community's requirements and the broader objectives of the network's infrastructure.

dYdX offers leveraged and margin trading, perpetual contracts, governance through DYDX token holding, staking rewards, liquidity mining incentives, and ensures low transaction fees and quick settlements in the DeFi space.

The price of DYDX is updated and available in real-time on Binance.

People Also Ask: Other Questions About dYdX Chain

  1. What is DYDX Token Used For?

    The DYDX token is pivotal to the dYdX Chain, serving as a governance tool, enabling staking, and facilitating advanced trading. It allows for community-led development as holders vote on platform proposals. Staking DYDX enhances network security and generates rewards for users. The token also streamlines leveraged and margin trading, and perpetual contracts, offering lower fees and quicker settlements. Thus, it's a key player in cultivating a secure, efficient, and user-centered DeFi ecosystem.

  2. How Does Network Consensus and Validation Work On DYDX?

    At its core, dYdX Chain is powered by the Cosmos SDK and relies on CometBFT for consensus, operating as a proof-of-stake blockchain. This infrastructure is pivotal in integrating DYDX as the primary Layer 1 token, a decision solidified by community consensus. DYDX plays a critical role in staking, securing the network, and steering governance decisions, marking a significant step towards fostering a decentralized and community-focused ecosystem.

  3. Who Is the dYdX Chain Founder?

    Antonio Juliano, a US-based entrepreneur, established dYdX in 2017. Prior to this, he made his foray into the cryptocurrency realm in 2015 while serving as a software engineer for Coinbase.

  4. What is the Maximum Token Supply of DYDX?

    DYDX has set a maximum token supply limit of 691.51M DYDX tokens. As of the latest figures according to the project, the self reported circulating supply is over 425M DYDX  tokens.

  5. What Makes DYDX Different From Others?

    dYdX Chain aims to set itself apart in the decentralized finance (DeFi) landscape through its shift to the Cosmos ecosystem, which, according to the project, is significantly enhancing trading efficiency and scalability. This migration demonstrates a focus on decentralization, not just in infrastructure but also in governance. With the use of a proof-of-stake consensus mechanism and the adaption of DYDX as its primary Layer 1 token via community voting, dYdX Chain promotes a governance model centered around its community. This method aims to facilitate inclusive decision-making and maintain performance under high transaction volumes.

    Alongside this, the inclusion of the wethDYDX Smart Contract allows for smooth token migration, aligning with the platform’s objectives. Therefore, dYdX Chain aims to combine technical development and democratic governance within the densely populated DeFi environment.

DYDX to Local Currency

FiatPriceOperation
1 DYDX to USD$ 2.154487
1 DYDX to TRY$ 2.154487
1 DYDX to RUB$ 2.154487
1 DYDX to EUR$ 2.154487
1 DYDX to AED$ 2.154487
1 DYDX to AUD$ 2.154487
1 DYDX to BRL$ 2.154487
1 DYDX to VND$ 2.154487
1 DYDX to IDR$ 2.154487
Last updated 2024/05/21 12:44 (UTC)

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