dYdX
DYDX

$ 1.91 / Ƀ 0.00007199

Marketcap

$ 335,395,863

Volume

$ 33,917,429

Circulating

175,495,839 DYDX

Total supply

1,000,000,000 DYDX

All time high

$ 27.86

Difference between ATH

93.14%

Date last ATH

September 30, 2021

Days since ATH

723

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Latest dYdX updates on March 28th


dYdX is a cryptocurrency project that has recently announced several updates. On March 27th, they reduced tick sizes by a factor of 10 for the ALGO, NEAR, and SNX markets, allowing for greater liquidity and improved trading. Furthermore, the dYdX Private Testnet is planned to begin on March 28th, lasting for 2-3 weeks. The chain will use native USDC powered by noble_xyz at launch. They are also hiring for multiple positions and have a $25k referral bonus. Lastly, on March 21st, they shared a tweet about bringing native USDC to Cosmos.

What is dYdX ?

dYdX is a revolutionary trading platform that provides users with access to powerful financial tools, offering a secure and private environment to trade perpetual contracts with no fees. Utilizing a lightning quick Layer 2 solution, users can now trade with near-instant execution and confirmations on the blockchain within hours.

dYdX is backed by leading investors, including Brian Armstrong, Fred Ehrsam, Naval Ravikant, Elad Gil, and Avichal Garg. It is trusted by over 25,000 traders and has received global recognition for its innovative approach to decentralized trading.

dYdX has removed fees related to placing orders for accounts with less than $100,000 of trading volume in the previous thirty days, making it an attractive option for traders of all sizes. In addition, users can access leverage across positions in multiple markets from a single account and enjoy fast withdrawals with no wait required.

The platform is also mobile friendly, with a redesigned interface that allows users to access the platform from any device. Furthermore, StarkWare’s Layer 2 solution provides increased security and privacy via zero-knowledge rollups.

With dYdX, traders can access a wide range of Perpetual Contract markets, including Ethereum, Bitcoin, Cardano, Bitcoin Cash, Dogecoin, Polkadot, Litecoin, Chainlink, Uniswap, Solana, Polygon, Monero, EOS, Aave, Cosmos, Maker, Compound, Avalanche, Synthetix, SushiSwap, Yearn, UMA, Curve, 1inch, Zcash, Algorand, 0x, Enjin, Stellar, Ethereum Classic, Near, THORChain, Celo, Internet Computer, Tron, Tezos, and more.

dYdX is continuously launching new Perpetual Contract markets, making it a great choice for traders looking to diversify their portfolios. The platform is now available on mobile and is coming to Android early next year.

If you are looking for a powerful and secure trading platform with access to powerful financial tools, then look no further than dYdX. With its no-fee trading, deep liquidity, and up to 20x more buying power, dYdX is sure to meet all of your trading needs.

This article was published on 2023-01-29 by Marc Endevor. Information shown in this article was gathered from the project’s website and Twitter account. Coinvestigate cannot guarantee the accuracy of this information, or any news that may have impacted the project in the meantime.

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What is the price & marketcap of dYdX?

dYdX is a cryptocurrency with a price of $ 1.91 and marketcap of $ 335,395,863. dYdX’s market price has decreased -2.93% in the last 24 hours. It ranks 98 amongst all cryptocurrencies with daily volume of $ 33,917,429.

DYDX / USD Historical prices

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Historical Price for dYdX
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Past updates about dYdX

Published on 2023-01-17 : dYdX has been very busy in the past weeks, starting the new year with a lot of updates and announcements. On January 16th they asked the community what they would like to know for their next V4 milestone update. On January 15th they informed their users that they achieved 99.99% uptime, thanks to their team and their great technology. On January 14th they tweeted the daily high of Bitcoin, which was $21,247. On January 13th they announced that the bull market was back on. On the same day, dYdX also reported that in the past 24-hour period, they saw $2,535,000,000 in trade volume and 664,000 trades. On January 12th they asked their followers what they want most from their decentralized exchange. On January 11th they retweeted a post from Crew3xyz about their product. On January 10th they reported $1,209,000,000 in 24-hour trade volume and 393,000 trades. On January 9th they asked the community which they preferred more when they trade. On January 8th they shared their Sunday plans. On January 7th they invited the users to join them on Discord for a chat with Cosmos Chjango. On January 6th they asked for the top 3 things DeFi needs to be better than CeFi. On January 5th they shared their thoughts on the future of cryptocurrency and their 24-hour trade volume of $868,000,000 and 318,000 trades. On January 4th they asked their followers to describe their crypto goals for 2023 with one image. On the same day, they also opened their merch store. On January 3rd they invited the users to join them on Discord for a market review. On January 2nd they asked the users if they were excited for the coming golden era of DeFi.

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