Verified OGs:
9
CryptoFam:
264
Projects:
26551
BTC:
$109,047
0.42%
ETH:
$4,466.84
2.79%
ETH Gas
Low
Avarage
High
Data by Etherscan
Market Cap:
$3.87T
Fear&Greed:
48

dYdX DYDX Logo
dYdX DYDX
$0.61155 0.79%
OG Score 43.52
Reviews 2
dYdX DYDX Logo

dYdX DYDX Price

$0.61155 0.79%
Low All Time High
$0.418236 $4.52

Introduction

DYDX is the governance token of the dYdX decentralized exchange, operating on a Layer 2 protocol with StarkWare's technology. More

OG Score 43.52
Reviews 2
Market Cap $473.09M
Market Cap Rank # 182

Token Stats

Fully Diluted Valuation $586.09M
24H Trading Volume $5.68M
24H Low / High $0.60 / $ 0.62
Circulating Supply 773.56 M
Total Supply 958.34 M
Max Supply 1.00 B

Info

Categories GMCI DeFi Index 16 more
Founder Antonio Juliano
Website dydx.trade
Socials 3 more
Chains Osmosis Ecosystem 1 more
Explorer Mintscan
Contracts dYdX ibc/8....2E48C 1 more

DYDX/USD Price Chart

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$DYDX Community Sentiment

OG Evaluation

OG Score

OG Score Rank #456
Reviews 2
Gem Score 14.40

OGAudit Coin Evaluation Metrics

Innovation 49 .40
Innovation Evaluates whether the project introduces a unique, impactful solution that clearly outperforms competitors.
Security 43 .75
Security Assesses the robustness of smart contracts or protocol security, and the availability of up-to-date audit reports.
Community 41 .95
Community Measures how actively the team engages its community and whether governance decisions involve on-chain voting or transparent input.
Tokenomics 37 .95
Tokenomics Examines the utility of the token, distribution fairness, and whether there are clear incentives for long-term holding or usage. Also evaluates the project’s revenue model, including income sources, sustainability, and whether value flows back to token holders or the ecosystem.
Team 43 .80
Team Evaluates the experience,credibility of the founding and development team.
Roadmap 44 .25
Roadmap Assesses the clarity, transparency, and timely execution of the project's development roadmap.

dYdX $dydx User Reviews

What Crypto OGs are Saying About dYdX

$dydx Markets

Name Pair OG Score

About dYdX $dydx

What is dYdX (DYDX)?

In the ever-evolving landscape of cryptocurrency, dYdX stands out as a game-changer, redefining the way users engage with digital assets. Founded in 2017 by the visionary Antonio Juliano, dYdX is a decentralized exchange offering a myriad of financial instruments, from perpetuals and margin trading to lending and borrowing. At its core, dYdX aims to blend the security and transparency of decentralized exchanges with the speed and usability of centralized counterparts.

Key Features:

dYdX operates as a Layer 2 protocol, leveraging StarkWare's technology to enhance transaction speed and efficiency on the Ethereum blockchain. The platform introduces the DYDX governance token, empowering the community to actively participate in shaping the protocol's future. Holders of DYDX enjoy governance powers, allowing them to propose and vote on crucial decisions.

User-Friendly Interface:

The user interface of dYdX is designed for simplicity and functionality. Traders can engage in active governance, view rewards from their trading activities, and monitor their DYDX holdings seamlessly. The concept of epochs adds a structured rhythm to the platform, with rewards and staking contracts governed by 28-day periods.

Earning DYDX:

Users can earn DYDX by staking USDC to the liquidity staking pool, fostering liquidity network effects. Community-approved liquidity providers utilize staked USDC to enhance market liquidity on dYdX, and DYDX payouts are distributed in real-time based on each staker's share of the total pool.

Community Treasury:

A vital component of dYdX is the community treasury, allocated 5% of the initial token supply. This treasury supports initiatives that drive dYdX's growth, including funding programs for NFTs, hackathons, analytics dashboards, and more. It plays a pivotal role in incentivizing strong governance and ensuring the platform's long-term success.

dYdX Chain Migration:

The ongoing migration of ethDYDX to the dYdX Chain signifies a crucial step for the platform. This migration enhances staking, security, and governance, providing users with an improved experience. The transition is part of dYdX's commitment to innovation and continuous enhancement.

Security Measures:

DYDX operates as an ERC-20 token on the Ethereum mainnet, ensuring a secure foundation. The Layer 2 scaling solution relies on StarkWare's ZK-STARKS technology, enabling off-chain validation of transactions. This not only enhances security but also eliminates gas costs and reduces trading fees.

Conclusion:

dYdX is not just a decentralized exchange; it's a comprehensive ecosystem that empowers users, fosters community collaboration, and pushes the boundaries of what's possible in crypto trading. With a robust foundation, user-friendly interface, and commitment to innovation, dYdX is poised to play a pivotal role in the future of decentralized finance. Whether you're a trader, liquidity provider, or governance enthusiast, dYdX welcomes you to explore the exciting possibilities it has to offer.

What is unique about dYdX (DYDX)?

dYdX revolutionizes crypto trading by combining advanced financial tools with decentralization, offering features like perpetuals, margin trading, and lending, while utilizing StarkWare's Layer 2 for enhanced speed and security.

Who are the founders of dYdX (DYDX)?

Antonio Juliano, a seasoned programmer and founder of dYdX, has been driving the platform since its inception in 2017, bringing his expertise in blockchain technology and a vision for decentralized finance.

Who are the backers/investors of dYdX (DYDX)?

Founded in 2017 with over $10 million in seed venture capitalist funding, dYdX has garnered support from various investors, with the dYdX Foundation's Council members, including Arthur Cheong, Rebecca Rettig, and Markus Spillman.

What is the consensus mechanism of dYdX (DYDX)?

dYdX operates as an ERC-20 token on the Ethereum mainnet, ensuring security. The Layer 2 scaling solution relies on StarkWare's ZK-STARKS technology, enhancing security by validating transactions off-chain.

Where can I buy dYdX (DYDX)?

You can buy dYdX (DYDX) on Binance, Gate.ioOKXHTXKuCoin cryptocurrency exchanges.

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