Ad

Please read our Coin Listings Disclaimer. Learn More · Hide This

ETHDYDX Price
$2.01085
-5.88%
Market Cap
$494.4M
24H Volume
$21.05M
Circ Supply
245.87M

ETHDYDX Market Stats

  • Price $2.01085
  • 1H Change -0.56%
  • 24H Change -5.88%
  • 7 Day Change -1.92%
  • 30 Day Change +5.07%
  • 1 Year Change +44.52%
  • All-Time High $14.8252
  • % From ATH -76.62%
  • ATH Date Dec 2, 2021

dYdX (ethDYDX) Info

DYDX (dYdX) is the governance token for the layer 2 protocol of the eponymous non-custodial decentralized cryptocurrency exchange. It serves to facilitate the operation of layer 2 and allows traders, liquidity providers and partners to contribute to the definition of the protocol’s future as a community.

Token holders are granted the right to propose changes on the dYdX’s layer 2, and are presented with an opportunity to benefit through token staking and trading fee discounts.

Built on Starkwire’s StarkEx scalability engine, layer 2 is used for trading of cross-margined perpetuals on the platform. The scaling solution allows dYdX to increase transaction speed, eliminate gas costs, reduce trading fees and lower​​ minimum trade sizes on the protocol.

The exchange was founded in 2017 with over $10 million in seed venture capitalist funding and went live in 2019. DXDY token Initial coin offering (ICO) was on September 9th 2021.

dYdX (ethDYDX) Technical Info

dYdX (ethDYDX) Intel

Powered by

All images, branding and wording is copyright of dYdX (ethDYDX). All content on this page is used for informational purposes only. CryptoSlate has no affiliation or relationship with the coins, projects or people mentioned on this page. Data is provided by CoinMarketCap and TradingView.