Market Data & Token Stats
| Fully Diluted Valuation | $135.48M |
|---|---|
| 24H Trading Volume | $28.43M |
| 24H Low / High | $0.1416 / $0.1648 |
| Circulating Supply | 29.63M |
| Total Supply | 824.15M |
| Max Supply | 1.00B |
Key Project Information
| Categories | Decentralized Exchange (DEX) 6 more |
|---|---|
| Founder | Antonio Juliano |
| Website | dydx.trade 1 more |
| Socials | 2 more |
| Chains | Ethereum Ecosystem |
| Explorer | Arkm 2 more |
| Contracts |
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OGAudit Security Evaluation & Social Audit Metrics
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dYdX (ethdydx) Expert User Reviews
Is dYdX safe or a scam? Read verified Crypto OG reviews about dYdX
$ethdydx Markets
| Name | Pair | OG Score |
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About dYdX
DYdX (ETHDYDX): Empowering Governance and Scalability in Decentralized Finance
dYdX (ETHDYDX) emerges as a pioneering force, offering a robust protocol governed by its vibrant community. Founded by Antonio Juliano, a seasoned programmer with a penchant for blockchain technology, dYdX has carved its niche since its inception in 2017. Now, with the advent of dYdX Layer 2 Protocol and the migration from Ethereum to the dYdX Chain, the platform is poised for a new era of scalability, security and decentralized governance.
dYdX (ETHDYDX) Layer 2 Protocol
At the heart of dYdX (ETHDYDX) lies its Layer 2 Protocol, built on Ethereum and powered by StarkWare’s StarkEx scalability engine. This innovative solution leverages zero-knowledge rollup (zkSTARKS) technology to enhance scalability while maintaining decentralization. By processing transactions off-chain and validating proofs on the blockchain, dYdX (ETHDYDX) achieves remarkable efficiency, eliminating gas costs and reducing trading fees. This advancement not only amplifies transaction speed but also fosters a seamless trading experience for users.
Governance and Utility
Central to dYdX (ETHDYDX)'s ethos is its governance token, ethDYDX, which empowers the community to steer the protocol's evolution collaboratively. With a total supply of 1,000,000,000 ethDYDX, distributed gradually over five years, stakeholders hold sway over key decisions regarding the protocol's development and direction. Through on-chain governance mechanisms, such as voting on proposals and delegating voting power, participants shape the future of dYdX, ensuring alignment with the community's interests.
Enhanced Ecosystem
dYdX (ETHDYDX)'s commitment to fostering a thriving ecosystem is evident through its array of offerings designed to incentivize participation and reward contributions. Staking pools, including Liquidity Staking Pool for USDC and Safety Staking Pool for DYDX, promote liquidity and security on the platform, while rewards programs incentivize trading, liquidity provision and past usage. Moreover, the launch of DYDX heralds a new era of governance, facilitating robust decision-making processes and fostering community engagement.
As the DeFi landscape continues to evolve, dYdX (ETHDYDX) stands as a beacon of innovation, driving forward the principles of decentralization, scalability and community governance. With its Layer 2 Protocol and ethDYDX token at the helm, dYdX is poised to redefine the future of decentralized finance, offering users a seamless, secure and inclusive ecosystem for trading and financial empowerment.
What is unique about dYdX (ETHDYDX)?
dYdX (ETHDYDX) stands out for its Layer 2 Protocol powered by zkSTARKS, enhancing scalability while maintaining decentralization in decentralized finance (DeFi).
Who are the founders of dYdX (ETHDYDX)?
dYdX (ETHDYDX) was founded by Antonio Juliano, an experienced programmer and blockchain enthusiast with a background in computer science from Princeton University.
Where can I buy dYdX (ETHDYDX)?
You can buy dYdX (ETHDYDX) on Bybit, MEXC, Kraken, BitgetCrypto.com cryptocurrency exchanges.
Information in this section carefully collected and curated from publicly available data from official sources, including the dYdX Official Website, dYdX GitHub Repository and dYdX X (Twitter) Account.
The information presented on this page is created and published by the OGAudit Editorial Team for educational and informational purposes. It should NOT be construed as an endorsement, or as legal, or investment advice. If you believe any content on this page is outdated or incorrect, please feel free to contact us for updates and corrections.
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