🚀 We’re excited to announce native support for @dYdX Chain in Integral — helping trading protocols and validators track activity, automate reporting, and manage their treasury with ease.
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CRYPTO₿IRB
Introducing ROI Rumble by our partner @dYdX: trade, compete, and win your share of $5.5K! Join now:
dYdX
Introducing ROI Rumble: dYdX’s first-ever team trading competition ⚔️
To participate:
🔹 Squad up (2–5 traders)
🔹 Trade to climb the ROI leaderboard
🔹 Compete for a 5,500 $USDC prize pool
Registration is now open and closes July 25 at 11:00 UTC. Don’t miss your shot.
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EricF
This isn’t noise, it’s rotation
We just watched $50M in 24hr NFT volume
Blue chips are running first, as always. Whales want provenance, not vibes
ETH NFTs are gearing up to lead again and Base maybe too will follow with community fuel + altseason energy.
Whether you’re holding OGs like Punks Apes Moonbirds 0n1force Azuki… or betting on new L2 momentum like BadBunnz or Mega Buddies…
NFTs are back on the board
Let’s go again. 🫡
EricF
i like NFTs, this bat went up from 0.01 to 0.15!!!! 15x!!!
wowwwwww... in a day!!
30 >>> 500!!!!
when the founder dies, the NFT always pumps!!!
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yeonwoo
DYDX도 꾸준히 프로토콜 레비뉴로 바이백 진행중
dYdX Foundation 🦔
The @dYdX Buyback Program has now surpassed 4M in repurchased $DYDX tokens - at a market value of $2.7M.
Track the buyback milestones here →
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gala⚡$M | 🐜
🫡@dYdX actually launched a relatively niche but interesting feature called MegaVault at the end of last year, which many people may not have noticed.
Unlike the previous model where one pool could only serve one market, MegaVault is a "universal liquidity pool." You only need to provide liquidity once, and it can automatically allocate to dozens or even hundreds of markets, such as foreign exchange, prediction markets, and various derivatives trading pairs.
This sounds a bit like packaging funds to a "smart distributor," which is both convenient and improves capital utilization. For users, there's no need to market-make for each market individually, nor do they have to constantly adjust their positions, significantly lowering the overall participation threshold.
In the first six weeks after launch, it attracted over $70 million, with an APR exceeding 40% at one point, which is quite impressive. This mechanism aligns well with dYdX's goal—to enable almost all assets to flow on its platform.
Compared to the traditional DeFi structure of "one pool, one use," MegaVault seems to be promoting a new liquidity paradigm, supporting multi-market trading in a more flexible way. If asset support continues to expand in the future, it could become one of the key infrastructures for the DeFi derivatives ecosystem. The key is that it has a leaderboard activity on @KaitoAI, so you must participate. @shoutdotfun's first coin $ENERGY surged dozens of times at launch, and $SHOUT is also worth keeping an eye on!!
The current price of dYdX is ₺25.6035. Over the last 24 hours, dYdX has decreased by -6.37%. It currently has a circulating supply of 753,446,306 DYDX and a maximum supply of 1,000,000,000 DYDX, giving it a fully diluted market cap of ₺19.28B. At present, dYdX holds the 89 position in market cap rankings. The dYdX/TRY price is updated in real-time.
The rating provided is an aggregated rating collected by OKX TR from the sources provided and is for informational purpose only. OKX TR does not guarantee the quality or accuracy of the ratings. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. The price and performance of the digital assets are not guaranteed and may change without notice. Your digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX TR does not guarantee any return, repayment of principal or interest. OKX TR does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.
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As a Layer-2 decentralized exchange, dYdX leverages Ethereum smart contracts to create various crypto-asset financial products. DYDX is the name and ticker symbol of the governance token of the dYdX exchange. With advanced trading features, this open trading platform supports perpetual futures, margin trading, borrowing, and lending to ensure fast execution, security, and transparency. The exchange also offers programmatic trading and helps traders build their trading bots on dYdX.
In 2020, the fully noncustodial protocol also implemented a Layer 2 scaling solution (ZK-rollups) by partnering with blockchain technology developer StarkWare. With this partnership, the perpetual contracts on the exchange are powered by StarkWare’s scalability engine, StarkEx. As a result, with 25 times more buying power, traders no longer have to pay fees to miners for each transaction.
The StarkWare and dYdX integration helped bring more trading pairs onto the exchange, allowing traders to increase capital efficiency and trade with lower margin requirements.
The liquidity of the dYdX exchange is mainly due to staking pools. dYdX has two types of staking pools, namely safety and liquidity pools. Both provide liquidity and allow the creation of new markets on the Layer 2 protocol. Users continue to receive staking rewards in proportion to their share in the pools. The platform also incentivizes long-term holders of DYDX tokens by providing them with trading rewards and discounts.
DYDX price and tokenomics
DYDX has a total supply of 1 billion, which will be distributed over five years. The perpetual inflation rate is fixed at a maximum of 2% per year, enforced via a governance proposal. All holders of DYDX tokens can participate in the governance process to make necessary changes to the Layer 2 protocol. For example, holders can define staking pool payouts and set risk parameters, adding more utility value to the DYDX token.
50% of the total supply of DYDX tokens will go towards the dYdX community, which includes traders, liquidity providers, and stakers. The remaining supply is distributed among past investors and employees of the dYdX Foundation. The token’s staking mechanism and governance utility has facilitated the growth of DYDX’s price.
About the founders
Antonio Juliano is the founder and CEO of dYdX. He started his journey in the crypto world after graduating from Princeton University with a computer science degree, which landed him an internship at Coinbase. He started the dYdX decentralized exchange to increase transparency, improve user safety, and faster trading transactions. Juliano felt a lot of demand for margin trading and pushed it as a use case for dYdX.
dYdX has raised a total of $87 million over four funding rounds. On June 15, 2021, dYdX raised $65 million during a Series C round led by Paradigm. The previous funding round in January 2021 helped raise $10 million, the lead investors being Three Arrows Capital and Defiance Capital.
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Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 17 new posts about dYdX, driven by 7 contributors, and total online engagement reached 314 social interactions. The sentiment score for dYdX currently stands at 50%. Compared to all cryptocurrencies, post volume for dYdX currently ranks at 17077. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of dYdX.
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dYdX FAQ
What is DYDX?
dYdX is an advanced trading exchange for spot, margin, and perpetual futures trading. Traders can directly access the platform without handing over their assets to a central entity. The platform is powered by smart contracts on Ethereum, making dYdX an open, permissionless, noncustodial DEX. DYDX is the ticker symbol of the exchange’s native governance token.
dYdX offers various trading tools and features that help with faster trade execution, security, and platform transparency. Moreover, there have been no gas fees after implementing Layer 2 scaling solutions, giving traders access to more trading pairs.
How does DYDX work?
The noncustodial dYdX exchange uses smart contracts for all its services. Each asset listed on dYdX has its own lending pool. Lenders and borrowers interact within asset pools, determining the supply and demand and each asset’s interest rates. DeFi services such as margin trading and perpetual futures trading are also available.
Where can I buy DYDX?
Easily buy dYdX tokens on the OKX TR cryptocurrency platform. Available trading pairs in the OKX TR spot trading terminal include dYdX/USDT and dYdX/USDC.
To view the estimated real-time conversion prices between fiat currencies, such as the USD, EUR, GBP, and others, into dYdX, visit the OKX TR Crypto Converter Calculator. OKX TR's high-liquidity crypto exchange ensures the best prices for your crypto purchases.
How much is 1 dYdX worth today?
Currently, one dYdX is worth ₺25.6035. For answers and insight into dYdX's price action, you're in the right place. Explore the latest dYdX charts and trade responsibly with OKX TR.
What is cryptocurrency?
Cryptocurrencies, such as dYdX, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX TR and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as dYdX have been created as well.
Watch this video to learn about what happens when you move your money to a crypto exchange.
Disclaimer
The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX TR does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX TR. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice. OKX TR does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX TR and its affiliates (“OKX TR”) are not in any way associated with the owner or operator of the TPW. You agree that OKX TR is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
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