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How to Stake dYdX
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About dYdX
4/14/2025, 8:58:37 AM
Market Stats
Market Cap
$56,788,529.28
FDV
Not enough data
Circulating Supply
102,133,450.766 DYDX
Max Supply
Not enough data
Total Supply
227,531,880.091 DYDX
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
$12,454,567.83
0.22%
Volume (7D)
$70,957,930.94
Volume (30D)
$380,937,602.27
All time high
$23.64
Overall Price Change (1Y)
-0.73%
Additional info about dYdX
Recent trends
The price of dYdX has increased by 0.04% in the last hour and decreased by 2.79% in the past 24 hours. dYdX’s price has also risen by 4.56% in the past week. The current price is $0.56 per DYDX with a 24-hour trading volume of $12.45M. Currently, dYdX is valued at 97.65% below its all time high of $23.64. This all-time high was the highest price paid for dYdX since its launch. The current circulating supply of dYdX is 102,133,450.766 DYDX which means that dYdX has as total market cap of $56,788,529.28.
Market details
DYDX vs markets
↘ 77.66%
DYDX vs BTC
↘ 80.03%
DYDX vs ETH
↘ 49.44%
Tags
decentralized-exchange-dex-token
defi
derivatives
zero-knowledge-proofs
+1
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x92D6C1e31e14520e676a687F0a93788B716BEff5 | |
Solana | 4hx6bj56egyw8ejrrhem6lbqavvyrikycwsaletrwyru |
Price history
Time | Price | Change |
|---|---|---|
Today | $0.56 | ↘ 2.79% |
1 Day | $0.57 | ↘ 2.79% |
1 Week | $0.53 | ↗ 4.56% |
1 Month | $0.62 | ↘ 9.84% |
1 Year | $2.08 | ↘ 73.32% |
FAQ
dYdX is a layer 2protocol, and layer 2 is a secondary framework or protocol created on top of an existing blockchain system. The primary purpose of such protocols is to address the significant cryptocurrency networks' transaction speed and make a blockchain more efficient. DYDX is the governance token of the platform that gives the dYdX community complete control over the system. DYDX lets traders, liquidity providers, and dYdX partners collaborate on the dYdX layer 2 protocol. DYDX creates an ecosystem around governance, rewards, and staking, all designed to propel dYdX's growth and decentralization, resulting in a better user experience.
The user interface is friendly, as the dYdX platform provides various features:
Additionally, the platform also has a concept of epochs. Epochs are 28-day periods that govern all rewards and staking contracts. When the current epoch finishes, a new one begins automatically. Trading rewards are distributed at the end of each epoch. Around seven days after the epoch ends, users can claim their rewards. As the whitepaper of the platform states, any successful exchange relies heavily on liquidity. The liquidity provider rewards are also handed out after the end of epochs. Apart from this, 7.5% of the initial token supply is allocated for distribution to past users of any dYdX protocol who have completed certain trading milestones on the platform.
Another important part of the platform is a community treasury. The community treasury has 5% of the initial token supply. The treasury's goals are to fund programs and initiatives that propel dYdX forward and create funding programs to support community NFTs, hackathons, analytics dashboards, memes, translations, and other initiatives. The treasury is also utilized to create a governance framework and incentivize strong governance.
Users can stake USDC and DYDX to earn staking rewards. DYDX is issued to users who stake USDC to the liquidity staking pool to foster liquidity network effects and incentivize professional liquidity providers. Community-approved liquidity providers use the staked USDC to construct markets on the dYdX. This further increases the liquidity accessible throughout the markets. DYDX payouts are given in real time based on each staker's share of the total USDC in the pool. Staking pools are the way to increase the protocol's liquidity and security.
The dYdX Foundation is a non-profit organization headquartered in Zug, Switzerland. The dYdX Foundation supports and grows every aspect, technical or otherwise, of the current implementation and all future implementations of the dYdX protocol. In addition, Arthur Cheong, Rebecca Rettig, and Markus Spillman are members of the dYdX Foundation's Council.
We update our dYdX to USD currency in real-time. Get the live price of dYdX on Coinbase.
The current market cap of dYdX is $56.79M. A high market cap implies that the asset is highly valued by the market.
The all-time high of dYdX is $23.64. 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 $12.45M.
Assets that have a similar market cap to dYdX include Zentry, ConstitutionDAO, Wilder World, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of dYdX is 102 million.
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Terms apply. Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
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Legal
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.