Market cap
$115.82M
-0.83 %
Volume (24h)
$3.75M
-0.83 %
Circulating supply
782,701,585 DYDX
Total supply
1,000,000,000 DYDX
Max. supply
1,000,000,000 DYDX
dYdX (DYDX)
$ 0.14
-0.83 %
Main info
News
Comments
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Key data
updated $0Market cap$115.82M
Volume 24h$3.75M
Circulating supply782.7M78% of max 1B
All-time high$4.52-97% from peak · 2024-03-07
dYdX (ticker: DYDX) is the governance token of the dYdX trading platform, which focuses on perpetual futures and other derivatives. In simple terms, it's a decentralized exchange where users can trade crypto derivatives without handing their funds to a middleman, and DYDX gives holders a say in how the platform is run. It's one of the more established names in the DeFi derivatives space.
Frequently asked questions
What is dYdX and how is it different from regular exchanges?
dYdX is a decentralized trading platform specializing in perpetual futures — contracts that let you speculate on price movements without owning the underlying asset. Unlike centralized exchanges like Binance, you keep control of your own funds and trades happen on-chain or via the platform's own infrastructure. The DYDX token is used for governance, letting holders vote on platform decisions.
How does the dYdX technology work?
dYdX has evolved through several iterations, moving from an Ethereum layer-2 solution to its own independent blockchain built with Cosmos SDK technology. This custom chain is designed specifically for high-performance derivatives trading, using a proof-of-stake validator set to process orders. The result is faster trading with lower fees compared to running everything directly on Ethereum.
How is DYDX supply and emission structured?
DYDX has a hard cap of 1,000,000,000 coins, meaning no more tokens will ever be created beyond that limit. The supply was allocated across community rewards, investors, team members, and treasury reserves, with portions released gradually on a set schedule. This fixed cap is a key part of the token's design, as it prevents inflation from diluting existing holders.
How can I store and use DYDX tokens?
DYDX can be stored in any wallet that supports its network — for the newer version, that means Cosmos-compatible wallets like Keplr, while the original ERC-20 version works with Ethereum wallets such as MetaMask. Beyond holding, you can stake tokens to help secure the network and earn rewards, or use them for governance voting. Always double-check which version of the token you're dealing with before transferring.