dYdX (DYDX) Reaches Self Reported Market Capitalization of $85.49 Million

dYdX (DYDX) traded up 5.5% against the US dollar during the 1 day period ending at 11:00 AM Eastern on March 6th. One dYdX token can currently be bought for approximately $0.66 or 0.00000732 BTC on exchanges. During the last seven days, dYdX has traded down 7.5% against the US dollar. dYdX has a market capitalization of $85.49 million and approximately $19.28 million worth of dYdX was traded on exchanges in the last day.

Here’s how related cryptocurrencies have performed during the last day:

• Taiko (TAIKO) traded 2.3% higher against the dollar and now trades at $0.83 or 0.00000916 BTC.
• Aidi Finance (BSC) (AIDI) traded 2.2% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded 2.2% lower against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded 2.2% lower against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• SolvBTC (SOLVBTC) traded up 2.5% against the dollar and now trades at $90,307.01 or 1.00068122 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 2.7% higher against the dollar and now trades at $89,901.70 or 0.99618996 BTC.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.

dYdX Profile

dYdX was first traded on August 3rd, 2021. dYdX’s total supply is 268,526,102 tokens and its circulating supply is 129,394,467 tokens. The Reddit community for dYdX is https://reddit.com/r/dydxprotocol and the currency’s Github account can be viewed here. dYdX’s official Twitter account is @dydx and its Facebook page is accessible here. dYdX’s official message board is dydx.forum. The official website for dYdX is dydx.trade/?utm_source=cmc&utm_medium=media&utm_campaign=cmc-feed.

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 presently possible to buy alternative cryptocurrencies such as dYdX directly using U.S. dollars. Investors seeking to acquire dYdX should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, Coinbase or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy dYdX using one of the aforementioned exchanges.

DYDX/USD price chart by TradingView