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dYdX

dYdX ETHDYDX Price $ 2.11

Rank: 125

3800 Watchlists

DeFi

ETHDYDX Price

2.11
7.10%
(-$ 0.162)
Price Range
LowHigh
$ 2.00$ 2.30

ethDYDX is undergoing a migration to dYdX Chain. For more information, please read this announcement: https://docs.dydx.community/dydx... For a detailed overview of the new utility of dYdX Chain DYDX read the blog: https://www.dydx.foundation/blog...

General Info

Contracts/Explorers:

Tags (Sub-Categories):

#Token

Funds and Backers

Wallets

No wallets found yet

Description

DYDX is the governance token for the Layer 2 protocol of the non-custodial decentralized derivatives exchange

dYdX (ETHDYDX) Chart

The dYdX to USD chart is designed for users to instantly see the changes that occur on the market and predicts what will come next.

ETHDYDX to USD Converter

dYdX (ETHDYDX)ETHDYDX

ETHDYDX Price Statistics

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Market Cap

$ 657.63M

FDV

$ 2.11B

ATH Market Cap

$ 5.40B

24 Trade Vol.

$ 63.96M


Vol. (24h) / MCap

0.0973

Max Supply

ETHDYDX 1,000,000,000

Total Supply

ETHDYDX 515,249,237

Circulating Supply

ETHDYDX 311.07M

(31.1% of Max Supply)


Next Unlock

ETHDYDX 6.34M

(0.63% of Max Supply)

Listing Date

7 Sep 2021

All Time High

$ 27.66

30 Sep 2021


All Time Low

$ 1.01

18 Jun 2022


From ATH

92.4%

From ATL

109.8%

What is dYdX (ETHDYDX)?

DYDX is a governance token that allows the dYdX community to truly govern the dYdX Layer 2 Protocol ("the protocol"). By enabling shared control of the protocol, DYDX allows traders, liquidity providers, and partners of dYdX to work collectively towards an enhanced Protocol.

DYDX enables a robust ecosystem around governance, rewards, and staking — each designed to drive future growth and decentralization of dYdX, resulting in a better experience for users. 

Staking pools are designed to promote liquidity and safety on the Protocol. Rewards programs for trading, liquidity providing, and past usage of dYdX will help drive growth and adoption of dYdX.

Alongside the launch of DYDX, we also released:

  • A governance product at dydx.community
  • Liquidity Staking Pool for USDC
  • Safety Staking Pool for DYDX
  • Trading Rewards
  • Retroactive Mining Rewards for past users
  • Liquidity Provider Rewards

dYdX on-chain governance allows for:

  • Voting on proposals to be executed by any authorized executor contract
  • Snapshotting token holdings at the start of a proposal
  • Separate delegation of voting and proposing powers
  • Setting governance thresholds including proposals, quorums, and vote differential powers
  • Changing how votes are counted (by changing the “Governance Strategy” smart contract address on the Governor contract)

dYdX Price Today

dYdX's current price is $ 2.11, it has dropped -7.1% over the past 24 hours.

dYdX's All Time High (ATH) of $ 27.66 was reached on 30 Sep 2021, and is currently -92.4% down.

The current circulating supply of dYdX is 311.07 Million tokens, and the maximum supply of dYdX is 1.00 Billion.

dYdX’s 24 hour trading volume is $ 63.96 Million.

dYdX's current share of the entire cryptocurrency market is 0.03%, with a market capitalization of $ 657.63 Million.

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