dYdX (DYDX) Reaches Self Reported Market Capitalization of $332.47 Million

dYdX (DYDX) traded 0.3% higher against the dollar during the 1 day period ending at 10:00 AM E.T. on December 28th. One dYdX token can now be bought for approximately $1.54 or 0.00001627 BTC on major cryptocurrency exchanges. dYdX has a market capitalization of $332.47 million and approximately $43.92 million worth of dYdX was traded on exchanges in the last 24 hours. In the last week, dYdX has traded 3.7% higher against the dollar.

Here is how related cryptocurrencies have performed in the last 24 hours:

• Aidi Finance (BSC) (AIDI) traded 2.2% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded 2.2% lower against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded 2.2% lower against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• SolvBTC (SOLVBTC) traded 0.9% lower against the dollar and now trades at $94,259.63 or 0.99646057 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded down 1.2% against the dollar and now trades at $93,920.55 or 0.99287603 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

About dYdX

dYdX was first traded on August 3rd, 2021. dYdX’s total supply is 360,862,717 tokens and its circulating supply is 215,968,597 tokens. dYdX’s official Twitter account is @dydx and its Facebook page is accessible here. The Reddit community for dYdX is https://reddit.com/r/dydxprotocol and the currency’s Github account can be viewed here. dYdX’s official message board is dydx.forum. The official website for dYdX is dydx.trade/?utm_source=cmc&utm_medium=media&utm_campaign=cmc-feed.

According to CryptoCompare, “dYdX is a decentralised trading platform at the forefront of DeFi, renowned for introducing decentralised margin trading and derivatives, as well as pioneering flash loans and DEX aggregation in 2018. Built on a custom Layer-1 blockchain using the Cosmos SDK, dYdX delivers a professional-grade, fully decentralised trading experience featuring high leverage, deep liquidity, and low fees. Governed by the DYDX token, the platform is dedicated to creating a transparent, community-driven financial system. In November 2024, dYdX Unlimited launched, introducing instant market listings, the MegaVault liquidity engine, upgraded trading rewards, and lifetime affiliate commissions, setting new standards in decentralised trading.”

Buying and Selling dYdX

It is usually not currently possible to purchase alternative cryptocurrencies such as dYdX directly using US dollars. Investors seeking to acquire dYdX should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Changelly or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase dYdX using one of the aforementioned exchanges.

DYDX/USD price chart by TradingView