dYdX Price

dYdX is a decentralized cryptocurrency and governance token for the dYdX protocol, a decentralized derivatives trading platform. It allows holders to participate in the governance of the dYdX ecosystem and receive trading fee discounts. dYdX operates on the Osmosis blockchain and has a total supply of 958.34M DYDX tokens, with 813.31M DYDX currently in circulation. As of 2025-12-16, dYdX is ranked #274 by market capitalization at $145.5M, with a current price of $0.1789. The token has seen a 24-hour price change of -7.41%, with a trading volume of $1.25M in the past day. dYdX reached its all-time high of $4.52 on March 8, 2024, and its all-time low of $0.492462 on June 13, 2025. The token can be used for staking to secure the dYdX Chain and participate in governance decisions for the protocol's future development.

dYdX was created on August 3, 2021. It was launched as a governance token for the dYdX decentralized exchange protocol. The DYDX token allows holders to participate in the governance of the dYdX ecosystem and receive trading fee discounts. Since its creation, dYdX has become an important asset in the decentralized finance (DeFi) space, currently ranking 274 by market capitalization at $0.1789 with a 24-hour trading volume of $1.25M. The total supply of dYdX is 958.34M DYDX, with 813.31M DYDX in circulation. As of 2025-12-16, dYdX has reached an all-time high of $4.52 and an all-time low of $0.1262.

The founders of dYdX are Antonio Juliano, Zhuoxun Yin, and Brendan Chou. Antonio Juliano is the CEO and primary founder who started the project in 2017. Zhuoxun Yin joined as COO in 2019 and Brendan Chou as CTO in 2018. Together, they built dYdX into a leading decentralized derivatives exchange protocol on Ethereum. The founding team has backgrounds in engineering and finance from companies like Coinbase, Uber, and Goldman Sachs. They aimed to create an open financial system with decentralized derivatives trading. Since launching in 2021, dYdX has grown to become one of the largest decentralized exchanges by trading volume.

dYdX works as a governance token for the dYdX protocol, a decentralized derivatives trading platform. It allows holders to participate in protocol governance and receive trading fee discounts. The token operates on a hybrid infrastructure model, combining off-chain order books with on-chain settlement for efficient trading. dYdX can be staked to secure the dYdX Chain, with stakers earning 100% of protocol fees, primarily in USDC. The token's current price is $0.1789, with a 24-hour trading volume of $1.25M. It has a circulating supply of 813.31M DYDX out of a total supply of 958.34M DYDX. The current market cap stands at $145.5M, ranking 274 among all cryptocurrencies. Looking ahead, price predictions suggest dYdX could reach $0.2199 by 2026, $0.2873 by 2030, and potentially -- by 2035.

dYdX utilizes a hybrid infrastructure model combining on-chain and off-chain components: 1. Off-chain order book and matching engine: Provides low-latency trading experience. 2. On-chain settlement: All trades are settled on the blockchain for security and transparency. 3. Non-custodial: Users maintain control of their funds at all times. 4. Layer 2 scaling: dYdX operates on a Layer 2 blockchain for improved scalability and lower fees. 5. Smart contracts: Core protocol logic is implemented as Ethereum smart contracts. 6. Governance: The DYDX token enables decentralized governance of the protocol. 7. Cross-margin engine: Allows efficient use of collateral across multiple positions. 8. StarkEx technology: Leverages StarkWare's zero-knowledge proof technology for scalability. This architecture enables dYdX to offer high-performance decentralized perpetual contract trading while maintaining security and decentralization. The hybrid approach balances the speed of centralized exchanges with the trustlessness of decentralized finance.

The future and roadmap of dYdX look promising. The project aims to continue developing its decentralized derivatives trading protocol and expand its ecosystem. Key focus areas include: 1. Scaling the DYDX Chain to improve transaction throughput and reduce fees. 2. Enhancing the decentralized exchange functionality with new trading pairs and features. 3. Expanding cross-chain interoperability to reach more users across different blockchain networks. 4. Implementing governance upgrades to further decentralize decision-making. 5. Exploring new DeFi primitives and financial products on the platform. 6. Improving the user experience and interface to attract more traders. 7. Continuing to distribute trading fees to DYDX stakers as rewards. 8. Potential partnerships and integrations with other DeFi protocols. The team is committed to making dYdX a leading decentralized derivatives platform. While exact price predictions are challenging, many analysts are optimistic about DYDX's long-term potential given its unique position in the DeFi space. As always, the crypto market remains volatile, but dYdX has a solid foundation for future growth.