Current dYdX (ETHDYDX) Price and Performance
The live price of dYdX (ETHDYDX) is $0.536941 USD**, with a market capitalization of **$22.38 million. Below is a detailed breakdown of its recent price movements:
Key Market Performance Metrics
- 24-hour change: $-0.017532 (-3.16%)
- 30-day change: $-0.032532 (-6.05%)
- 60-day change: $-0.051489 (-9.58%)
- 90-day change: $-0.091805 (-14.60%)
| Timeframe | Price Change (USD) | Percentage Change |
|---|---|---|
| Today | $-0.017532 | -3.16% |
| Last 30 Days | $-0.032532 | -6.05% |
| Last 60 Days | $-0.051489 | -9.58% |
| Last 90 Days | $-0.091805 | -14.60% |
Recent Price Trends
- 24-hour low: $0.531118
- 24-hour high: $0.559234
Market Data Snapshot
- Market Cap: $22.38M
- Circulating Supply: [Data not provided]
- 24-hour Trading Volume: [Data not provided]
What Is dYdX (ETHDYDX)?
dYdX is a decentralized exchange (DEX) enabling peer-to-peer trading of crypto assets with a focus on derivatives. Its native token, ETHDYDX, powers the platform’s governance and fee structures.
👉 Explore decentralized trading with dYdX
Token Economics
dYdX’s tokenomics are designed to align incentives among stakeholders, including traders, liquidity providers, and governance participants. Key aspects include:
- Supply distribution: Community treasury, staking rewards, and team allocations.
- Utility: Fee discounts, governance voting, and protocol incentives.
Frequently Asked Questions (FAQ)
1. What drives dYdX’s price volatility?
Price fluctuations are influenced by market sentiment, trading volume, and broader crypto trends like Bitcoin’s performance.
2. How does dYdX compare to centralized exchanges?
dYdX offers non-custodial trading, reducing counterparty risk, but may have lower liquidity than top-tier CEXs.
3. Where can I trade ETHDYDX?
ETHDYDX is available on major exchanges like MEXC, Binance, and OKX.
4. What’s the long-term outlook for dYdX?
Adoption of decentralized derivatives and layer-2 scalability solutions could bolster growth.
5. How does staking ETHDYDX work?
Stakers earn rewards for securing the network and participating in governance proposals.
Risks and Disclaimers
Cryptocurrency investments carry high volatility and market risks. Conduct independent research and consult financial advisors before investing. Past performance does not guarantee future results.
👉 Secure your crypto trades today
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