The current real-time price of DYDX is $0.1562. In the past 24 hours, DYDX has traded between $0.1540 and $0.1737, showing strong market activity. The all-time high of DYDX is $4.52, and the all-time low is $0.1262.
From a short-term perspective, the price change of DYDX over the past 1 hour is , over the past 24 hours is -5.57%, and over the past 7 days is -8.49%. These figures provide a quick overview of the latest price trends and market dynamics of DYDX on LBank.-10.26%
The live price of DYDX today is $0.1562, with a current market cap of $128.199M. The 24-hour trading volume is 5M. The price of DYDX to USD is updated in real time.
Before deciding whether to buy or sell DYDX, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s DYDX technical analysis can provide you with trading references.
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for DYDX.
How much will DYDX be worth tomorrow, next week, or next month in ? What about your DYDX assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! DYDX Price Prediction
To learn more about DYDX, consider exploring other resources such as the whitepaper, official website, and other published information:
dYdX is a leading decentralized exchange (DEX) primarily focused on perpetual trading, enabling users to speculate on cryptocurrency price movements with leverage. It operates on its own application-specific blockchain, the dYdX Chain, built with the Cosmos SDK. The project is committed to full decentralization, evolving from earlier versions that incorporated some centralized elements. This move underscores its dedication to a community-driven, transparent trading environment, providing users with robust and efficient decentralized financial services.
The DYDX token serves multiple essential functions within the dYdX ecosystem. It can be staked to validators, helping secure the dYdX Chain network and earning rewards for stakers in USDC. DYDX holders also gain governance rights, allowing them to propose and vote on crucial protocol changes, market listings, and network parameters, fostering community-led development. Additionally, DYDX is utilized to cover transaction gas fees on the dYdX Chain and can be earned as trading rewards, effectively lowering trading costs for users. Holders can also vote to allocate capital to SubDAOs for strategic initiatives.
The dYdX Chain is a dedicated, open-source blockchain, built using the Cosmos SDK, specifically engineered for decentralized perpetuals trading. It represents a significant evolution for the project. The original ethDYDX token, which was based on Ethereum, is undergoing a migration to the new native DYDX token on the dYdX Chain. This transition is generally a one-way process; ethDYDX is converted to DYDX, without a direct smart contract mechanism to convert native DYDX back to ethDYDX. The dYdX v3 platform, which previously utilized ethDYDX, is being phased out to concentrate resources and development efforts entirely on the dYdX Chain, enhancing performance and decentralization.
dYdX offers substantial leverage for perpetual contracts, allowing traders to amplify their positions. Users can access leverage up to 25x for various perpetual contracts. Furthermore, for select trading pairs, the platform can even support leverage up to 100x. It's important to note that the specific leverage available to a user can fluctuate based on the particular asset being traded and their individual margin balance. This flexibility enables traders to manage their risk and potential returns according to their strategies and capital.
No, dYdX distinguishes itself by embracing a fully decentralized operational model, which means it does not impose Know Your Customer (KYC) verification requirements on its users. This approach allows individuals to engage in trading activities without the need to disclose personal identity information. Users can simply connect a decentralized wallet to the platform and commence trading immediately, upholding the principles of privacy and accessibility inherent in decentralized finance. This non-KYC policy is a core aspect of its commitment to decentralization and user autonomy.
Currently, dYdX streamlines its collateral requirements by exclusively accepting USDC. This stablecoin serves as the sole collateral asset for trading activities on the platform. By standardizing on USDC, dYdX aims to provide a stable and widely recognized asset for margin trading, simplifying the process for users. Traders need to ensure their decentralized wallets are funded with USDC to participate in perpetual contracts and leverage trading opportunities available on dYdX. This focus on a single, reliable stablecoin enhances predictability and liquidity within the trading environment.
Just Now
Dear LBank User
Our online customer service system is currently experiencing connection issues. We are working actively to resolve the problem, but at this time we cannot provide an exact recovery timeline. We sincerely apologize for any inconvenience this may cause.
If you need assistance, please contact us via email and we will reply as soon as possible.
Thank you for your understanding and patience.
LBank Customer Support Team
