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dYdX (ethDYDX) Price
dYdX (ethDYDX) price

dYdX (ethDYDX) Price(DYDX)

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DYDX
1 DYDX =
USD $2.353103
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Last updated 2024/04/23 01:43 (UTC)
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Coinbase
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0.1%
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$ 2.353103
-0.9%
1D
Page last updated: 2024-04-23 13:43 (UTC+0)
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Note: This information is for reference only.

Price of DYDX today

The live price of dYdX (ethDYDX) is $ 2.353103 per (DYDX / USD) with a current market cap of $ 654.04M USD. 24-hour trading volume is $ 35.01M USD. DYDX to USD price is updated in real-time. dYdX (ethDYDX) is -0.9% in the last 24 hours with a circulating supply of 277.95M.
DYDX Price History USD
Date ComparisonAmount Change% Change
Today$ -0.0213-0.9%
30 Days$ -1.020816-30.26%
60 Days$ -0.530664-18.40%
90 Days$ -0.226977-8.8%

DYDX Price Information

24h Low & High
The highest and lowest price paid for this asset in 24 hours.
Low:
High:
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.
$ NaN
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.
+0.73%
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.
-0.9%
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.
+13.23%
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.
#116
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.
$ 654.04M
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.
$ 35.01M
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.
277.95M
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 '--'.
$ 2.35B
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 (ethDYDX) (ETHDYDX)

Founded by Antonio Juliano in July 2017, dYdX operates as a decentralized finance platform, leveraging Ethereum's blockchain for smart contract functionality. dYdX v3 functions through a layer-2 decentralized exchange (DEX) protocol, utilizing Ethereum for its underlying smart contracts. The platform's architecture aims to optimize transaction efficiency, reduce costs, and enhance scalability.

dYdX offers a suite of trading services, including perpetual contracts, margin trading, spot trading, as well as lending and borrowing facilities, underpinning its commitment to an open, equitable, and secure financial system.

Distinctively, dYdX has ventured into the Cosmos ecosystem for its layer-1 protocol (dYdX Chain), enhancing its decentralization and scalability through a proof-of-stake network. This strategic shift, underscored by the adoption of DYDX as the primary token for governance, staking, and transaction fees, sets it apart by emphasizing community-driven governance and a more decentralized framework. The transition also involved the rebranding of the former DYDX to ethDYDX. 

Enabling cooperative control of dYdX v3, ethDYDX empowers traders, liquidity providers, and dYdX partners to collaboratively optimize the workings of dYdX v3. The price of ETHDYDX is updated and available in real-time on Binance.

People Also Ask: Other Questions About dYdX (ethDYDX)

  1. Migration to the dYdX Chain

    On October 26, 2023, the dYdX Chain, a proof-of-stake network utilizing the Cosmos SDK and CometBFT for consensus, was inaugurated alongside the creation of its inaugural block. Following a community consensus, DYDX was adopted as the primary Layer 1 token, underscoring its importance in staking, security, and governance, and heralding a shift towards a more community-centric and decentralized framework.

    The transition of ETHDYDX tokens to the dYdX Chain via the wethDYDX Smart Contract is a critical step in aligning the platform's operations with its community's needs and the broader goals of its infrastructure, heralding a new chapter in dYdX's journey towards a decentralized and community-driven future.

  2. What is ETHDYDX Used For?

    The ETHDYDX token, integral to the Ethereum-based dYdX trading platform, offers several benefits, including the ability to participate in platform governance, earn rewards by staking, receive discounts on transaction fees, provide liquidity for extra incentives, and access special platform features. Holders of the ETHDYDX token can influence platform updates and policies through voting, enjoy benefits for contributing to the platform's security and efficiency, benefit from lower fees on trades, and get early access to innovations or enhanced borrowing conditions.

    These features aim to foster a participative governance structure, improve the platform's market depth, and encourage active involvement from its community, adapting as the platform and its user base evolve.

  3. Who is the dYdX Founder?

    dYdX was founded in 2017 by US-based entrepreneur Antonio Juliano. He was associated with Coinbase as a software engineer when he entered the crypto space in 2015.  

  4. What is the Maximum Token Supply of ETHDYDX?

    ETHDYDX has set a maximum token supply limit of 536.04M tokens. As of the latest figures, the circulating supply is 295.62M tokens.

  5. What Makes dYdX Different From Others?

    dYdX aims to stand out in the decentralized finance space due to its governance role within the Ethereum-based Layer 2 protocol, promoting collaboration among users. It offers a wide range of financial services and originally operated on Ethereum's blockchain.

    In 2023, dYdX transitioned to the Cosmos blockchain for lower fees and increased scalability, reaffirming its commitment to decentralization. The launch of the dYdX Chain in October 2023, with DYDX as its primary token, demonstrates community-driven governance, emphasizing decentralization. Overall, dYdX aims to differentiate itself through governance, diverse services, and innovative blockchain transitions.

  6. How to Buy a dYdX token (ETHDYDX)?

    dYdX (DYDX) can be purchased directly from Binance by using a debit or credit card. dYdX (DYDX) can also be traded for other cryptocurrencies on Binance Exchange. Live dYdX price is updated in real-time on Binance Exchange. Additionally, DYDX token price and purchase information is available on our How to Buy dYdX (ethDYDX) (ETHDYDX) Guide.

  7. How Much Will dYdX Be Worth in the Future? 

    Check out our dYdX Price Prediction page — when deciding on your own price targets. Data displayed are based on user input and not Binance's opinion.

DYDX to Local Currency

FiatPriceOperation
1 DYDX to USD$ 2.353103
1 DYDX to TRY$ 2.353103
1 DYDX to RUB$ 2.353103
1 DYDX to EUR$ 2.353103
1 DYDX to AED$ 2.353103
1 DYDX to AUD$ 2.353103
1 DYDX to BRL$ 2.353103
1 DYDX to VND$ 2.353103
1 DYDX to IDR$ 2.353103
Last updated 2024/04/23 01:43 (UTC)

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