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How to Buy DYDX
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dYdX protocol is a decentralized platform designed for perpetual trading and derivatives on blockchain networks. Built initially on Ethereum and later transitioning to its own dYdX Chain based on the Cosmos SDK, the protocol aims to provide users with fast, low-cost, and decentralized trading solutions.
Buy DYDXEarn up to $2,000 when you buy $50 in crypto
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40%
25
38.89%
11
37.5%
61
$268.13M
-4.32%
$339.25M
790M COSMOSDYDX
1B COSMOSDYDX
958M COSMOSDYDX
$325.30M
#160
0.01%
$20.91M
-12.27%
$139.46M
$625.77M
$4.15
-64.8%
COSMOSDYDX vs markets
↘ 78.12%
COSMOSDYDX vs BTC
↘ 77.77%
COSMOSDYDX vs ETH
↘ 76.15%
Tags
decentralized-exchange-dex-token
derivatives
layer-1
made-in-america
+2
Network | Address | |
---|---|---|
dYdX | NA | |
Osmosis | ibc/831F0B1BBB1D08A2B75311892876D71565478C532967545476DF4C2D7492E48C | |
Cosmos | ibc/831F0B1BBB1D08A2B75311892876D71565478C532967545476DF4C2D7492E48C |
Time | Price | Change |
---|---|---|
Today | $0.34 | ↘ 4.58% |
1 Day | $0.36 | ↘ 4.58% |
1 Week | $0.58 | ↘ 41.29% |
1 Month | $0.62 | ↘ 45.37% |
1 Year | $0.97 | ↘ 64.80% |
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.
Earn up to $2,000 when you buy $50 in crypto
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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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