Circulating supply:710,988,300 DYDX
Total supply:773,782,706.07 DYDX
Max supply:0 DYDX
Market cap:$1.33B
Fully diluted market cap:$1.45B
Tokenomics:Uniqueness
dYdX is a cryptocurrency exchange that combines advanced financial tools with decentralization. The platform supports margin trading — a financial product enabling investors to increase their exposure to digital assets through leverage . dYdX’s isolated margin allows users to assign particular funds in the account as part of a trade, while cross-margin utilizes all the assets a trader keeps on the platform. Perpetuals — a type of futures contract that does not have a predetermined selling date, is also available for trading on dYdX. The exchange currently offers a maximum of 20x leverage on synthetic assets.
dYdX Layer 2 increases scalability of the network through use of a form of zero-knowledge rollup — zkSTARKS. The technology receives proofs, while validating a batch of transactions off-chain. These proofs are then sent back to the blockchain, where they are verified by a smart contract. zkSTARKS makes it possible to remove expensive computations from the mainnet with no sacrifices in decentralization.
Together, with trading and liquidity provider rewards, dYdX introduces retroactive mining benefits, allowing the platform to show appreciation to historical users and incentivize them to trade on layer 2 protocol.
Token utility
$DYDX was launched on Aug 3rd, 2021, and there are 1 billion $DYDX minted in the beginning in total. Holders of $DYDX on dYdX can stake tokens to the Secure Module to mint $stkDYDX. $stkDYDX has the same proposal and voting rights as $DYDX in terms of governance. The security module is primarily used to incentivize holders to properly govern the protocol, and act as a risk manager in the system at the same time. As an incentive reward, 2.5% of the initial supply of $DYDX is allocated to users who stake $DYDX according to the fees generated by user transactions and the percentage of open interests. In addition, 7.5% and 25% of the initial token supply are also used for liquidity provider rewards and trading rewards to incentivize their participation in trading activities on dYdX.
The initial supply will follow a 5-year release schedule and after 5 years, $DYDX will follow a <2% annual inflation rate to increase the total supply.
- 250M $DYDX (25%) as trading rewards
- 75M $DYDX (7.5%) airdropped to past users
- 75M $DYDX (7.5%) as liquidity providing rewards
- 50M $DYDX (5%) to treasury
- 25M $DYDX (2.5%) as USDC staking pool reward, but after DIP14 the pool was shut down and the remaining was moved to treasury
- 25M $DYDX (2.5%) to $DYDX staking pool as rewards
- 277M $DYDX (27.73%) to past investors
- 152M $DYDX (15.25%) to the team
- 70M $DYDX (7%) to future employees
The market value of DYDX currently stands at $1.33B, and its market ranking is #85. The value of DYDX is widely recognized by the market. When the bull market comes, the market value of DYDX will likely continue to increase.
Moreover, if DYDX can play a greater role in practical applications, such as dYdX (Native) builders fully leveraging the potential of DYDX, partnering with more businesses, and increasing its user base, the long-term value of DYDX will be significantly enhanced.
Based on DYDX's historical price performance prediction model, the price of DYDX is projected to reach $2.96 in 2025.
In 2030, the DYDX price is expected to change by -14.00%. By the end of 2030, the DYDX price is projected to reach $3.11, with a cumulative ROI of +48.90%.
Reminder: Just like all cryptocurrency investments, investors must closely monitor the market performance of DYDX and be aware of the associated risks. The world of cryptocurrencies is full of uncertainties, so thorough research and preparation are essential.
If you want to buy DYDX, the following information may be helpful for your investment decisions:
In the last 7 days, the price of DYDX has fallen by -4.99%, leading to negative returns for most DYDX investors. The market is currently pessimistic about the price trend of DYDX.
It is important to note that the current price of DYDX has retreated by -58.54% from its all-time high. This coin is currently considered medium-risk, and its price may rebound or continue to fall.
Additionally, it's important to understand that each coin has its own optimal times for buying and selling. The optimal time to invest is dynamic: when a coin is undervalued, it's wise to adopt a buying strategy; when it becomes overvalued, you should decisively sell the coin.
To decide whether DYDX is worth investing in, you need to consider various market factors such as the overall trend of the cryptocurrency market, the project's fundamentals, its current market valuation, and whether the current price is suitable for buying. If the project's fundamentals suddenly change or the price becomes excessively high, you should adjust your investment strategy and trading operations accordingly.
Your investment decisions should be based on your own risk tolerance, financial status, market analysis and research, especially the timing of your investments. Correct timing can ensure more reliable returns. Keep in mind that investing in DYDX or any cryptocurrency comes with certain risks and uncertainties.
Regardless of your outlook on the development prospects and future trends of DYDX, if you want to buy or sell DYDX, you can consider Bitget for your trading needs. The best place to buy DYDX is an exchange that offers hassle-free and secure transactions, combined with a user-friendly interface and high liquidity. Every day, millions of users choose Bitget as their trusted platform for crypto purchases.
Investing in dYdX (Native) has never been easier. Simply sign up on Bitget, complete the identity verification process, and make payments using bank transfers, debit cards, or credit cards, all while ensuring security through crypto wallets. This is a widely adopted method to buy dYdX (Native). Here's a
step-by-step guide on how to buy dYdX (Native) on Bitget.
Using cash to buy dYdX (Native) is not the only way to obtain dYdX (Native). If you have the time to spare, you can get dYdX (Native) for free.
All crypto airdrops and rewards can be converted to dYdX (Native) through Bitget Convert, Bitget Swap, or spot trading.
The use case of dYdX (Native) may expand as the crypto market and the project itself develop. Currently, you can use DYDX to achieve the following goals:
Arbitrage by trading DYDX: Since DYDX is a frequently traded cryptocurrency, the price of DYDX is always fluctuating. Earn more DYDX by buying low and selling high on the exchange.
Bitget spot market provides a variety of DYDX trading pairs to fully meet your needs.
Earn by staking DYDX: You can also generate income through financial management methods such as staking DYDX or lending DYDX.
Bitget Earn offers a variety of financial products designed to help you earn more income from your DYDX.
Send or pay DYDX: If you want to give DYDX to your friends, a charity, or a fundraiser, or you want to pay someone with DYDX, you can quickly and easily send DYDX to the recipient through their payment address.
You can also go to the official website of the dYdX (Native) project to learn more about the use cases of DYDX. For example, find out if the project supports the use of within its community or ecology, or if the project allows you to purchase physical or virtual products in .
