Verified OGs:
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CryptoFam:
224
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26530
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Market Cap:
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Fear&Greed:
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dYdX ETHDYDX Logo
dYdX ETHDYDX
$0.60991 1.39%
OG Score 63.52
Reviews 1
dYdX ETHDYDX Logo

dYdX ETHDYDX Price

$0.60991 1.39%
Low All Time High
$0.418804 $27.86

Introduction

dYdX (ETHDYDX) offers decentralized trading and governance through its Layer 2 Protocol. More

OG Score 63.52
Reviews 1
Market Cap $25.42M
Market Cap Rank # 1168

Token Stats

Fully Diluted Valuation $528.76M
24H Trading Volume $13.35M
24H Low / High $0.61 / $ 0.62
Circulating Supply 41.66 M
Total Supply 866.67 M
Max Supply 1.00 B

Info

Categories Decentralized Exchange (DEX) 6 more
Founder Antonio Juliano
Website dydx.trade
Socials 3 more
Chains Ethereum Ecosystem
Explorer Ethplorer 2 more
Contracts dYdX 0x92d....beff5

ETHDYDX/USD Price Chart

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$ETHDYDX Community Sentiment

OG Evaluation

OG Score

OG Score Rank #18
Reviews 1
Gem Score 6.10

OGAudit Coin Evaluation Metrics

Innovation 71 .30
Innovation Evaluates whether the project introduces a unique, impactful solution that clearly outperforms competitors.
Security 57 .20
Security Assesses the robustness of smart contracts or protocol security, and the availability of up-to-date audit reports.
Community 62 .50
Community Measures how actively the team engages its community and whether governance decisions involve on-chain voting or transparent input.
Tokenomics 69 .90
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 60 .80
Team Evaluates the experience,credibility of the founding and development team.
Roadmap 59 .40
Roadmap Assesses the clarity, transparency, and timely execution of the project's development roadmap.

dYdX $ethdydx User Reviews

What Crypto OGs are Saying About dYdX

$ethdydx Markets

Name Pair OG Score

About dYdX $ethdydx

What is dYdX (ETHDYDX)?

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 MEXC, Bitget, Bybit, KrakenCrypto.com cryptocurrency exchanges.

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