The live price of DYDX is $ -- (DYDX/USDT) today with a current market cap of $ 1.07B. 24-hour trading volume is $ 14.85M. DYDX to USDT price is updated in real-time. DYDX is 0.00% in the last 24 hours. It has a circulating supply of 558.48M USDT.
DYDX Market Information
Popularity
#74
Market Cap
1.07B
24h Volume
14.85M
Circulation Supply
558.48M
About(DYDX)
dYdX is a layer-2 decentralized exchange that supports perpetual/ margin/ spot trading/ lending/ borrowing. dYdX runs on smart contracts on Ethereum and allows users to trade with no intermediaries. DYDX is the native token.
FAQ About DYDX
What Is DYDX?
dYdX is a layer 2 protocol. Layer 2 protocols serve to address significant cryptocurrency networks' transaction speeds and make blockchain systems more efficient, and DYDX serves as the governance token that gives its community complete control of the platform. Traders, liquidity providers and partners collaborate with DYDX on its layer 2 protocol for greater decentralization, growth and ultimately an improved user experience.The user interface for dYdX platforms is intuitive and provides various features:Epochs are 28-day periods that govern all rewards and staking contracts on the platform, automatically starting when one epoch ends and another begins automatically. Trading rewards are distributed after each epoch concludes; about seven days later users can claim them. According to its whitepaper, any successful exchange relies heavily on liquidity providers; their rewards will also be distributed after each epoch concludes; furthermore 7.5% of initial token supply is set aside for distribution to past users of any dYdX protocol who have completed certain trading milestones on its platform.Another vital element of the platform is a Community Treasury. Containing 5% of initial token supply, its goal is to fund programs and initiatives that drive forward dYdX as well as fund NFTs, hackathons, analytics dashboards, memes translations etc. Additionally it serves to establish governance framework and reward strong governance practices.
How to Buy DYDX?
You can buy DYDX token with USDT here on Toobit. Read our guide on How to Buy Crypto on Toobit for more information.
How to Sell DYDX?
You can sell DYDX to USDT here on Toobit. Read our guide on How to Trade Spot on Toobit for more information.
What is DYDX Price Now?
Are you looking for DYDX price? Live DYDX coin price is updated in real-time on Toobit.
What is dYdX Foundation’s Purpose?
The purpose of the dYdX Foundation is to support and expand all technical aspects related to current implementation and all future implementations of dYdX Layer 2 Protocol, such as its ecosystem. Furthermore, its goal is to foster participation from those seeking to contribute support or enhance any aspect, whether technical or otherwise, of either its ecosystem or current/future implementation of the protocol.
