dYdX (DYDX) Reaches Self Reported Market Capitalization of $332.47 Million

dYdX (DYDX) traded up 0.3% against the US dollar during the 24-hour period ending at 10:00 AM Eastern on December 28th. dYdX has a total market capitalization of $332.47 million and approximately $43.92 million worth of dYdX was traded on exchanges in the last 24 hours. Over the last week, dYdX has traded up 3.7% against the US dollar. One dYdX token can currently be purchased for approximately $1.54 or 0.00001627 BTC on major cryptocurrency exchanges.

Here is how other cryptocurrencies have performed over the last 24 hours:

• 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 2.2% lower 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 down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• SolvBTC (SOLVBTC) traded 0.9% lower against the dollar and now trades at $94,259.63 or 0.99646057 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 1.2% lower against the dollar and now trades at $93,920.55 or 0.99287603 BTC.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.

dYdX Token Profile

dYdX’s launch date was August 3rd, 2021. dYdX’s total supply is 360,862,717 tokens and its circulating supply is 215,968,597 tokens. dYdX’s official message board is dydx.forum. dYdX’s official Twitter account is @dydx and its Facebook page is accessible here. 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.

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 trade dYdX should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, Coinbase 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