dYdX (DYDX) is a cryptocurrency token that powers the dYdX Chain, a proof-of-stake blockchain network built using the Cosmos SDK and leveraging CometBFT for consensus ¹. It's primarily used for decentralized finance (DeFi) applications, specifically for trading perpetual contracts with low fees and deep liquidity ².$DYDX

*Key Features:*

- _Decentralized Governance_: DYDX holders can participate in governance and secure the network by staking their tokens ¹.

- _Low Fees_: Trading on the dYdX platform offers attractive fee structures ².

- _Deep Liquidity_: The platform provides sufficient liquidity for top trading pairs ².

- _Self-Custody_: Users maintain control over their funds while trading ².

*Token Information:*

- _Symbol_: DYDX

- _Market Cap_: $568,790,673 ¹

- _Circulating Supply_: 645,298,886 DYDX ¹

- _Total Supply_: 771,541,452 DYDX ¹

*Use Cases:*

- _Decentralized Finance (DeFi)_: DYDX is used for trading perpetual contracts and other DeFi applications ².

- _Staking and Validation_: DYDX holders can stake