Ask about dYdX · freeTotal Value Locked$108.77m
TVL by Chain
dYdX$70.79m
Ethereum$37.98m
Key Metrics
Fees 30d$273,089
Fees 30d by chain
dYdX$273,089
Fees 7d$50,214
dYdX$50,214
Fees 24h$3,098
dYdX$3,098
Cumulative Fees$98.73m
dYdX$64.3m
Ethereum$34.43m
Revenue 30d$273,089
Revenue 30d by chain
dYdX$273,089
Revenue 7d$50,214
dYdX$50,214
Revenue 24h$3,098
dYdX$3,098
Cumulative Revenue$98.73m
dYdX$64.3m
Ethereum$34.43m
Holders Revenue 30d$273,089
Holders Revenue 30d by chain
dYdX$273,089
Holders Revenue 7d$50,214
dYdX$50,214
Holders Revenue 24h$3,098
dYdX$3,098
Cumulative Holders Revenue$64.3m
dYdX$64.3m
Incentives 1y$0
Incentives 30d$0
Incentives 7d$0
Incentives 24h$0
Cumulative Incentives$0
Earnings (Annualized)$5.26m
Earnings 30d$273,089
Earnings 7d$50,214
Earnings 24h$3,098
Cumulative Earnings$98.73m
Perp Volume 30d$1.265b
Perp Volume 30d by chain
dYdX$1.265b
Perp Volume 7d$238.1m
dYdX$238.1m
Perp Volume 24h$14.14m
dYdX$14.14m
Cumulative Perp Volume$1.588t
Ethereum$1.211t
dYdX$377.108b
Open Interest$41.69m
Market Cap$120.99m
$DYDX Price$0.14
Fully Diluted Valuation$137.04m
Outstanding FDV$142.15m
$DYDX Volume 24h$2.38m
CEX Volume$1.94m
DEX Volume$709,026(29.82% of total)
Treasury$97.82
Majors$0
Stablecoins$0
Own Tokens$97.82
Others$0
Total Raised$87m
Dec 19, 2017$2mRound: SeedInvestors: 1Confirmation, a16z, Abstract Ventures, Avichal Garg, Brian Armstrong, Caffeinated Capital, Christopher Golda, David King, Elad Gil, Fred Ehrsam, Jack Herrick, Kindred Ventures, Polychain, Scott Belsky
Oct 19, 2018$10mRound: Series AInvestors: 1Confirmation, a16z crypto, Abstract Ventures, Bain Capital Crypto, Dragonfly Capital, Craft Ventures, Kindred Ventures, Naval Ravikant, Polychain, VY Capital
Jan 26, 2021$10mRound: Series BInvestors: a16z, DeFiance Capital, GSR, Hashed, Polychain Capital, RockTree Capital, Scalar Capital, The Spartan Group, 3AC, Wintermute Trading
Jun 15, 2021$65mRound: Series C
Protocol Information
The most powerful open trading platform for crypto assets. Margin trade, borrow, and lend cryptocurrency.
Methodology
TVL: Total value of all coins held in the smart contracts of the protocol
Fees:
Revenue:
Holders Revenue:
Perp Volume: Notional volume of all trades including leverage on the perp exchange
Incentives: Tokens allocated to users through liquidity mining or incentive schemes, typically as part of governance or reward mechanisms.
Earnings: Revenue of the protocol minus the incentives distributed to users
Hacks
Date: Nov 18, 2023
Protocol: dYdX V3
Amount: $9m
Classification: Market Manipulation
Technique: Risk Parameter Abuse
Chains: Ethereum
Target Type: DeFi Protocol
Date: Jul 23, 2024
Protocol: dYdX V3
Amount: $31,000
Classification: Frontend & Infrastructure
Technique: DNS Hijack
Chains: Ethereum
Target Type: DeFi Protocol
Competitors
Frequently asked questions
What is dYdX's TVL?
dYdX currently has $108.77m in total value locked. TVL has increased <0.1% over the past 30 days.
What chains does dYdX operate on?
dYdX operates on 2 chains: Ethereum and dYdX. dYdX holds the largest share at 65.1%.
How much has dYdX generated in fees and revenue?
Over the past 30 days, dYdX generated $273,089 in fees. Of that, $273,089 was protocol revenue. Based on the trailing year, the annualized rate is $5.26m in fees and $5.26m in revenue.
What is the DYDX token price and valuation?
DYDX is currently trading at $0.14. Its circulating market capitalization is $119.88m, ranking it #372. Its fully diluted valuation is $135.79m. Supply currently stands at 846.09m circulating, 958.34m total supply, 1b maximum supply.
How has DYDX performed recently?
DYDX is down 0.9% over the past 7 days and up 23.5% over the past 30 days. Its all-time high is $4.52, reached on Mar 7, 2024. The token is currently 96.9% below that level.
How does dYdX's TVL compare to similar protocols?
Among Derivatives protocols tracked by DefiLlama, dYdX ranks #6 by TVL. The category holds $2.054b across 420 protocols, and dYdX accounts for 5.3% of that total. Other leading protocols include Extended Perps, AZverse Perps, Apex Omni, Aevo Perps, Contango V2, Hakka Finance, Keep3r Network, AlphaX, Strike Finance Perpetuals, and ApeX Pro.
How much perpetual futures volume does dYdX process?
dYdX processed $1.265b in perpetual futures volume over the past 30 days.
Does dYdX have a treasury?
dYdX has a tracked treasury currently valued at $97.82. Its holdings include $97.82 in its own tokens.
Has dYdX ever been exploited?
dYdX has 2 recorded security incidents. The most recent incident occurred on Jul 23, 2024 and involved $31,000. It was classified as Frontend & Infrastructure.