Overview
dYdX is a decentralized derivatives exchange offering advanced financial tools like perpetual contracts, margin trading, spot trading, and lending. By combining off-chain order books with on-chain settlement, dYdX enables traders to short tokens, leverage positions, or earn interest on deposits.
Token Metrics (DYDX)
- Current Price: $0.5361 (-3.32%)
- 24h Trading Volume: $12.5M (-16.9%)
- Circulating Market Cap: $402M (#128)
- Max Supply: 1B DYDX
Key Statistics
| Timeframe | Change |
|------------|---------|
| 1h | +0.12% |
| 24h | -3.31% |
| 7d | -12.47% |
| 90d | -21.45% |
Historical Data:
- All-Time High: $4.52 (March 7, 2024)
- All-Time Low: $0.4182 (June 22, 2025)
How dYdX Works
Core Features
- Perpetual Contracts: Trade with up to 20x leverage.
- Margin & Spot Trading: Access cross-margin and isolated margin modes.
- Lending: Earn interest by supplying assets to liquidity pools.
👉 Explore decentralized trading strategies
Technology Stack
- Hybrid Architecture: Off-chain order matching for speed, on-chain settlements for security.
- Self-Custody: Users retain control of funds via non-custodial wallets.
Key Milestones
- October 2023: dYdX Chain mainnet launch.
- June 2021: $65M Series C funding (led by Paradigm).
- 2018–2021: Raised $85M total across 4 funding rounds.
FAQs
Is dYdX safe to use?
Yes. dYdX employs audited smart contracts and allows self-custody, reducing counterparty risk.
What makes dYdX unique?
Its hybrid model balances low latency (off-chain orders) with transparency (on-chain settlements).
How does dYdX compare to centralized exchanges?
👉 See how decentralized exchanges enhance privacy
Final Thoughts
dYdX pioneers institutional-grade DeFi with its robust derivatives platform. While volatility impacts DYDX token performance, its ecosystem continues expanding via layer-2 solutions and governance upgrades.