Ask about dYdX
Logo of dYdXdYdX(DYDX)
Total Value Locked$119.12m

TVL by Chain

dYdX$81.32m

Ethereum$37.81m

Key Metrics

Fees (Annualized)$8.76m
Fees 30d$248,888

dYdX$248,888

Fees 7d$44,255

dYdX$44,255

Fees 24h$10,248

dYdX$10,248

Cumulative Fees$98.07m

dYdX$63.64m

Ethereum$34.43m

Revenue (Annualized)$8.76m
Revenue 30d$248,888

dYdX$248,888

Revenue 7d$44,255

dYdX$44,255

Revenue 24h$10,248

dYdX$10,248

Cumulative Revenue$98.07m

dYdX$63.64m

Ethereum$34.43m

Holders Revenue (Annualized)$8.76m
Holders Revenue 30d$248,888

dYdX$248,888

Holders Revenue 7d$44,255

dYdX$44,255

Holders Revenue 24h$10,248

dYdX$10,248

Cumulative Holders Revenue$63.64m

dYdX$63.64m

Incentives 1y$0

$0

$0

$0

$0

Earnings (Annualized)$8.76m

$248,888

$44,255

$10,248

$98.07m

Perp Volume 30d$1.952b
Perp Volume 30d by chain

dYdX$1.952b

Perp Volume 7d$197.02m

dYdX$197.02m

Perp Volume 24h$50.94m

dYdX$50.94m

Cumulative Perp Volume$1.585t

Ethereum$1.211t

dYdX$373.975b

$41.7m

Market Cap$104.28m

$DYDX Price$0.12

All Time High$4.52

All Time Low$0.079

View $DYDX token page

$117.76m

$122.15m

$DYDX Volume 24h$1.92m

CEX Volume$1.44m

DEX Volume$465,492.57(24.27% of total)

$DYDX Liquidity$197,749

SushiSwap$101,605

Uniswap V3$67,366

Osmosis DEX$28,778

Treasury$82.89

$0

Stablecoins$0

Own Tokens$82.89

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.

Category:Derivatives

Methodology

TVL: Total value of all coins held in the smart contracts of the protocol

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: Protocol Logic

Technique: Price Manipulation Attack

Chains: Ethereum

Target Type: DeFi Protocol

Competitors

Frequently Asked Questions

What is dYdX?

The most powerful open trading platform for crypto assets. Margin trade, borrow, and lend cryptocurrency.

What is dYdX's TVL?

dYdX currently has $119.12m in total value locked. TVL has decreased 13.4% 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 68.3%.

How much has dYdX generated in fees and revenue?

Over the past 30 days, dYdX generated $248,888 in fees. Of that, $248,888 was protocol revenue. Based on the trailing year, the annualized rate is $8.76m in fees and $8.76m in revenue.

What is the DYDX token price and valuation?

DYDX is currently trading at $0.12. Its circulating market capitalization is $104.94m, ranking it #346. Its fully diluted valuation is $118.51m. Supply currently stands at 848.61m circulating, 958.34m total supply, 1b maximum supply.

How has DYDX performed recently?

DYDX is up 3.1% over the past 7 days and down 11.4% over the past 30 days. Its all-time high is $4.52, reached on Mar 7, 2024. The token is currently 97.3% below that level.

How does dYdX's TVL compare to similar protocols?

Among Derivatives protocols tracked by DefiLlama, dYdX ranks #5 by TVL. The category holds $1.934b across 368 protocols, and dYdX accounts for 6.2% of that total. Other leading protocols include Jupiter, Hyperliquid, and GMX.

How much perpetual futures volume does dYdX process?

dYdX processed $1.952b in perpetual futures volume over the past 30 days.

Does dYdX have a treasury?

dYdX has a tracked treasury currently valued at $82.89. Its holdings include $82.89 in its own tokens.

Has dYdX ever been exploited?

dYdX has 1 recorded security incident. The most recent incident occurred on Nov 18, 2023 and involved $9m. It was classified as Protocol Logic.