Key Metrics
Fees (Annualized)$6.8m
Fees 30d$282,513
dYdX$282,513
Fees 7d$63,517
dYdX$63,517
Fees 24h$6,190
dYdX$6,190
Cumulative Fees$98.39m
dYdX$63.96m
Ethereum$34.43m
Revenue (Annualized)$6.8m
Revenue 30d$282,513
dYdX$282,513
Revenue 7d$63,517
dYdX$63,517
Revenue 24h$6,190
dYdX$6,190
Cumulative Revenue$98.39m
dYdX$63.96m
Ethereum$34.43m
Holders Revenue (Annualized)$6.8m
Holders Revenue 30d$282,513
dYdX$282,513
Holders Revenue 7d$63,517
dYdX$63,517
Holders Revenue 24h$6,190
dYdX$6,190
Cumulative Holders Revenue$63.96m
dYdX$63.96m
Incentives 1y$0
$0
$0
$0
$0
Earnings (Annualized)$6.8m
$282,513
$63,517
$6,190
$98.39m
Perp Volume 30d$1.178b
Perp Volume 30d by chain
dYdX$1.178b
Perp Volume 7d$263.56m
dYdX$263.56m
Perp Volume 24h$20.28m
dYdX$20.28m
Cumulative Perp Volume$1.586t
Ethereum$1.211t
dYdX$375.569b
$40.25m
Market Cap$94.73m
$DYDX Price$0.11
$107.29m
$111.26m
$DYDX Volume 24h$4.72m
CEX Volume$3.76m
DEX Volume$992,466.38(21.02% of total)
$DYDX Liquidity$197,749
SushiSwap$101,605
Uniswap V3$67,366
Osmosis DEX$28,778
Treasury$76.38
$0
Stablecoins$0
Own Tokens$76.38
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 $110.75m in total value locked. TVL has decreased 3.3% 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 $282,513 in fees. Of that, $282,513 was protocol revenue. Based on the trailing year, the annualized rate is $6.8m in fees and $6.8m in revenue.
What is the DYDX token price and valuation?
DYDX is currently trading at $0.11. Its circulating market capitalization is $94.73m, ranking it #389. Its fully diluted valuation is $107.29m. Supply currently stands at 846.09m circulating, 958.34m total supply, 1b maximum supply.
How has DYDX performed recently?
DYDX is down 3.8% over the past 7 days and down 0.5% over the past 30 days. Its all-time high is $4.52, reached on Mar 7, 2024. The token is currently 97.5% 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 $2.038b across 418 protocols, and dYdX accounts for 5.4% of that total. Other leading protocols include Derive V2, Extended Perps, AZverse Perps, Apex Omni, Aevo Perps, Contango V2, Hakka Finance, Keep3r Network, Strike Finance Perpetuals, and AlphaX.
How much perpetual futures volume does dYdX process?
dYdX processed $1.178b in perpetual futures volume over the past 30 days.
Does dYdX have a treasury?
dYdX has a tracked treasury currently valued at $76.38. Its holdings include $76.38 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.
