dYdX
Current price
$0.1194
−9.09%24h
LiveUpdated 49s ago
TodaydYdX drops 9.1%, trailing the market.
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View as table
| Time | Price |
|---|
Change by period
- 1 hour+0.02%
- 24 hours−9.09%
- 7 days−11.83%
- 30 days+8.56%
- 1 year−65.78%
dYdX's move in context
Lagging the market today
−9.09% today against −3.26% for the market as a whole, a gap of 5.8 points. A gap this wide suggests something specific to dYdX may be moving it, not just the market mood.
Trend has turned
−11.8% over 7 days and +8.6% over 30 days: the last week went against the monthly direction.
This is analysis of past prices, not a prediction or financial advice.
About dYdX
dYdX (DYDX) Cryptocurrency Overview
Overview
dYdX (DYDX) is the native token for the dYdX decentralized exchange (DEX), which operates on a dedicated Layer-1 network built with Cosmos SDK.
Technology and Blockchain Design
The dYdX Chain uses a proof-of-stake consensus mechanism via CometBFT, built on the Cosmos SDK. The DYDX token powers staking, network security, and governance functions. The token was adopted by the community in the “dYdX Unlimited” vote in late 2024 and officially launched when the Chain went live on October 26, 2023.
Use Cases and Purpose
DYDX functions as:
Staking Token: Users can become validators or delegate their stake to secure the network.
Governance Token: Holders can propose and vote on changes, using Cosmos SDK’s x/gov module. Proxy votes and timelock contracts are included in the architecture.
Fee Rewards: Validators and stakers receive trading and gas fees from the platform.
Ecosystem and Development
dYdX operates a governance structure based on the Cosmos x/gov module. Community members actively submit and approve proposals including parameter changes, treasury spend, and market listings. Examples include voting for emission reductions, a launch incentives program, and platform buyback initiatives.
Background and Governance Dynamics
The dYdX governance model features high participation: recent proposals have achieved strong approval rates (e.g., 94% or higher) and substantial voter turnout.
Conclusion
DYDX powers the governance, staking, and economics of the dYdX Chain, a Cosmos-based Layer-1 blockchain for the dYdX DEX. It underpins decentralized decision-making, network security, and user participation in protocol development. Stakeholders should consult official documentation for detailed timelines, governance thresholds, and token metrics.
dYdX market
- Position by market cap among the coins we track.
- #167
- Position by market cap among the coins we track.
- Price × coins in circulation. It measures a coin's size, not its quality.
- $96.35M
- Price × coins in circulation. It measures a coin's size, not its quality.
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- Low $0.1188High $0.1333
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- $0.7590
- Now 16% of itReached 21 Sept 2025 · Needs +535% to get back
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- Coins that exist now and can be traded.
- 806.66M DYDX
- 81% of max
- Coins that exist now and can be traded.
- Every coin created so far, minus any destroyed, including coins that are locked up.
- 958.34M DYDX
- Every coin created so far, minus any destroyed, including coins that are locked up.
- The most coins that can ever exist. Some coins have no limit.
- 1B DYDX
- The most coins that can ever exist. Some coins have no limit.
dYdX converter
1 dYdX = $0.1194
