About DYDX
Trading Insights
Searched
16
Market Stats
Market Cap
ARS 525.31B
-6.5%
FDV
ARS 666.96B
Circ. Supply
788M COSMOSDYDX
Max Supply
1B COSMOSDYDX
Total Supply
889M COSMOSDYDX
Diluted Valuation
ARS 598.00B
Performance
Popularity
Not enough data
Dominance
0.01%
Volume (24H)
ARS 25.31B
-7.24%
Volume (7D)
ARS 195.24B
Volume (30D)
ARS 862.92B
All time high
ARS 4.90K
Price Change (1Y)
-64.92%
Additional info about DYDX
Recent trends
The latest COSMOSDYDX price is ARS 666.31. Compared to DYDX's value of ARS 713.41 from 24 hours ago, there's been a -7% decrease, while the current price is 2% up from ARS 648.41 which was recorded one week ago. DYDX's all time high is ARS 4,901.52, which was reached on March 13, 2024. This is a -86% change from its price today.
The current circulating supply of DYDX is 787,616,360. This is 79% of its max supply of 1,000,000,000 COSMOSDYDX and 89% of its total supply of 889,308,850. The market cap is currently ARS 525.31B, which is a result of multiplying the current price of DYDX(ARS 666.31) by the total supply(889,308,850 COSMOSDYDX). The fully diluted valuation of DYDX is ARS 666.96B. The diluted valuation of DYDX is ARS 666.96B.
Market details
COSMOSDYDX vs markets
↘ 75.22%
COSMOSDYDX vs BTC
↘ 78.27%
COSMOSDYDX vs ETH
↘ 55.89%
Tags
decentralized-exchange-dex-token
layer-1
made-in-america
Network & Addresses
Network | Address | |
|---|---|---|
dYdX | NA | |
Osmosis | ibc/831F0B1BBB1D08A2B75311892876D71565478C532967545476DF4C2D7492E48C | |
Cosmos | ibc/831F0B1BBB1D08A2B75311892876D71565478C532967545476DF4C2D7492E48C |
Price history
Time | Price | Change |
|---|---|---|
Today | ARS 666.31 | ↘ 6.55% |
1 Day | ARS 713.41 | ↘ 6.55% |
1 Week | ARS 648.41 | ↗ 1.97% |
1 Month | ARS 830.35 | ↘ 20.73% |
1 Year | ARS 1,001.00 | ↘ 64.92% |
FAQ
dYdX (DYDX) is the native governance token of the dYdX protocol, a decentralized platform designed for perpetual trading and derivatives on blockchain networks. Built initially on Ethereum and later transitioning to its own dYdX Chain (v4) based on the Cosmos SDK, the protocol aims to provide users with fast, low-cost, and decentralized trading solutions. The DYDX token plays a crucial role in governing the protocol, allowing holders to participate in decision-making processes related to fee structures, staking, and protocol upgrades.
dYdX operates as a decentralized exchange (DEX) focusing on perpetual contracts and derivatives trading. In its v4 version, dYdX transitioned to a standalone Cosmos-based blockchain, enhancing scalability and reducing transaction costs. The DYDX token is used for staking, governance, and rewarding liquidity providers. Traders can access a wide range of markets with leverage, while validators and stakers help secure the network and process transactions. Governance proposals are voted on by DYDX token holders, giving the community control over the protocol's development.
dYdX offers several use cases in the decentralized finance (DeFi) space. Traders can use the platform for perpetual contracts and leverage trading without relying on centralized exchanges. DYDX tokens are used for governance, enabling holders to vote on protocol upgrades and policy changes. The token is also used for staking, which helps secure the network and provides rewards to stakers. Additionally, liquidity providers can earn rewards in DYDX for contributing to the platform's trading pools, making it a vital component of the dYdX ecosystem.
dYdX was founded by Antonio Juliano in 2017 as a decentralized platform for margin trading and derivatives. Initially built on Ethereum, the protocol launched its governance token, DYDX, in 2021 to decentralize control and incentivize participation. In 2023, dYdX v4 transitioned to a Cosmos-based blockchain to improve scalability and reduce transaction fees. Since its inception, dYdX has become one of the leading DeFi platforms for derivatives trading, with DYDX token holders playing an essential role in governing the protocol and shaping its future.
We update our DYDX to ARS currency in real-time. Get the live price of DYDX on Coinbase.
The current market cap of DYDX is ARS 525.31B. A high market cap implies that the asset is highly valued by the market.
The all-time high of DYDX is ARS 4,901.52. This all-time high is highest price paid for DYDX since it was launched.
Over the last 24 hours, the trading volume of DYDX is ARS 25.31B.
Assets that have a similar market cap to DYDX include Kava, Arweave, Starknet Token, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of DYDX is 788 million.
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