dYdX Self Reported Market Cap Tops $309.84 Million (DYDX)

dYdX (DYDX) traded 6.4% higher against the U.S. dollar during the one day period ending at 11:00 AM E.T. on January 17th. One dYdX token can now be bought for $1.44 or 0.00001373 BTC on cryptocurrency exchanges. dYdX has a total market cap of $309.84 million and $44.46 million worth of dYdX was traded on exchanges in the last day. Over the last week, dYdX has traded up 9.8% against the U.S. dollar.

Here’s how similar cryptocurrencies have performed over the last day:

• Aidi Finance (BSC) (AIDI) traded down 2.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded down 2.2% against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• SolvBTC (SOLVBTC) traded up 5.3% against the dollar and now trades at $104,382.70 or 0.99581759 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded up 5.2% against the dollar and now trades at $103,345.29 or 0.98592062 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

dYdX Profile

dYdX launched on August 3rd, 2021. dYdX’s total supply is 354,471,055 tokens and its circulating supply is 215,329,829 tokens. The Reddit community for dYdX is https://reddit.com/r/dydxprotocol and the currency’s Github account can be viewed here. The official website for dYdX is dydx.trade/?utm_source=cmc&utm_medium=media&utm_campaign=cmc-feed. The official message board for dYdX is dydx.forum. dYdX’s official Twitter account is @dydx and its Facebook page is accessible here.

According to CryptoCompare, “dYdX is a decentralised trading platform at the forefront of DeFi, renowned for introducing decentralised margin trading and derivatives, as well as pioneering flash loans and DEX aggregation in 2018. Built on a custom Layer-1 blockchain using the Cosmos SDK, dYdX delivers a professional-grade, fully decentralised trading experience featuring high leverage, deep liquidity, and low fees. Governed by the DYDX token, the platform is dedicated to creating a transparent, community-driven financial system. In November 2024, dYdX Unlimited launched, introducing instant market listings, the MegaVault liquidity engine, upgraded trading rewards, and lifetime affiliate commissions, setting new standards in decentralised trading.”

Buying and Selling dYdX

It is usually not possible to purchase alternative cryptocurrencies such as dYdX directly using U.S. dollars. Investors seeking to trade dYdX should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase dYdX using one of the exchanges listed above.

DYDX/USD price chart by TradingView