Ask about dYdX
Logo of dYdXdYdX(DYDX)
Total Value Locked$118.45m

TVL by Chain

dYdX$80.51m

Ethereum$37.94m

Key Metrics

Fees (Annualized)$8.64m
Fees 30d$249,041

dYdX$249,041

Fees 7d$44,032

dYdX$44,032

Fees 24h$2,591

dYdX$2,591

Cumulative Fees$98.08m

dYdX$63.64m

Ethereum$34.43m

Revenue (Annualized)$8.64m
Revenue 30d$249,041

dYdX$249,041

Revenue 7d$44,032

dYdX$44,032

Revenue 24h$2,591

dYdX$2,591

Cumulative Revenue$98.08m

dYdX$63.64m

Ethereum$34.43m

Holders Revenue (Annualized)$8.64m
Holders Revenue 30d$249,041

dYdX$249,041

Holders Revenue 7d$44,032

dYdX$44,032

Holders Revenue 24h$2,591

dYdX$2,591

Cumulative Holders Revenue$63.64m

dYdX$63.64m

Incentives 1y$0

$0

$0

$0

$0

Earnings (Annualized)$8.64m

$249,041

$44,032

$2,591

$98.08m

Perp Volume 30d$1.68b
Perp Volume 30d by chain

dYdX$1.68b

Perp Volume 7d$190.56m

dYdX$190.56m

Perp Volume 24h$7.3m

dYdX$7.3m

Cumulative Perp Volume$1.585t

Ethereum$1.211t

dYdX$373.975b

$41.21m

Market Cap$107.04m

$DYDX Price$0.13

All Time High$4.52

All Time Low$0.079

View $DYDX token page

$120.89m

$125.36m

$DYDX Volume 24h$3.03m

CEX Volume$2.47m

DEX Volume$651,420.11(21.51% of total)

$DYDX Liquidity$197,749

SushiSwap$101,605

Uniswap V3$67,366

Osmosis DEX$28,778

Treasury$86.53

$0

Stablecoins$0

Own Tokens$86.53

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 $118.45m in total value locked. TVL has decreased 12.9% 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%.

How much has dYdX generated in fees and revenue?

Over the past 30 days, dYdX generated $249,041 in fees. Of that, $249,041 was protocol revenue. Based on the trailing year, the annualized rate is $8.64m in fees and $8.64m in revenue.

What is the DYDX token price and valuation?

DYDX is currently trading at $0.13. Its circulating market capitalization is $107.04m, ranking it #347. Its fully diluted valuation is $120.89m. Supply currently stands at 848.61m circulating, 958.34m total supply, 1b maximum supply.

How has DYDX performed recently?

DYDX is up 4.7% over the past 7 days and down 19.7% over the past 30 days. Its all-time high is $4.52, reached on Mar 7, 2024. The token is currently 97.2% 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 $1.955b across 368 protocols, and dYdX accounts for 6.1% of that total. Other leading protocols include Jupiter, Hyperliquid, and GMX.

How much perpetual futures volume does dYdX process?

dYdX processed $1.68b in perpetual futures volume over the past 30 days.

Does dYdX have a treasury?

dYdX has a tracked treasury currently valued at $86.53. Its holdings include $86.53 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.