dYdX (DYDX) 1-Day Trading Volume Hits $61.49 Million

dYdX (DYDX) traded down 0.9% against the US dollar during the 24 hour period ending at 11:00 AM E.T. on January 21st. One dYdX token can now be purchased for about $1.18 or 0.00001123 BTC on popular exchanges. Over the last seven days, dYdX has traded down 5.8% against the US dollar. dYdX has a market cap of $253.04 million and approximately $61.49 million worth of dYdX was traded on exchanges in the last day.

Here is how other cryptocurrencies have performed over the last day:

• 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 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 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 down 1.4% against the dollar and now trades at $104,129.79 or 0.99457588 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded down 1.9% against the dollar and now trades at $103,660.88 or 0.99009716 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’s launch date was August 3rd, 2021. dYdX’s total supply is 354,360,006 tokens and its circulating supply is 215,222,882 tokens. dYdX’s official website is dydx.trade/?utm_source=cmc&utm_medium=media&utm_campaign=cmc-feed. dYdX’s official Twitter account is @dydx and its Facebook page is accessible here. dYdX’s official message board is dydx.forum. The Reddit community for dYdX is https://reddit.com/r/dydxprotocol and the currency’s Github account can be viewed 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 presently possible to buy alternative cryptocurrencies such as dYdX directly using US dollars. Investors seeking to acquire dYdX should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, GDAX or Changelly. 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