dYdX Buy Token

www.dydx.exchange

Total Value Locked

$31.4M

USD Locked

$31.4M

ETH Supply Locked

63,404.70

Blockchain

Ethereum

Change

-0.19%

What is dydx?

dYdX is a trading platform based on Ethereum that offers users lending services (supply and demand) as well as spot and margin trading on supported assets. There are currently ETH, DAI and USDC on dYdX, with plans to integrate new assets in the future.

Born as the evolution and replacement of the Expo project, dYdX was launched on the mainnet in May 2019 and includes trading options and interest earnings features. 

The fully open-source protocol uses smart contracts verified by Zeppelin Solutions and Bramah Systems to meet security requirements. This makes dYdX a trustless platform. 

With margin trading, dYdX allows traders to leverage up to 4% of an asset’s value decline (short selling) or growth (leveraged long position). 

In general, dYdX integrates with the most liquid DEXs – decentralized exchanges – allowing trading without ever leaving the platform. The liquidity pools used to secure margin trading earn interest continuously, guaranteeing a return on capital.

It is also possible to generate income on dYdX through lending: funds can be deposited and withdrawn at any time and interest rates are automatic and dynamic. Generally speaking, interest rates are adapted to supply and demand. 

How to use dydx?

In addition, dYdX also allows lending funds directly to an Ethereum wallet if a minimum collateral ratio between 1.25x and 1.15x is maintained.

Since September 2019, the platform has added a separate market with market and limit orders for ETH-DAI. This is a blockchain-based real-time trading experience that is completely feeless and has additional features compared to the previous version that relied on the Eth2Dai exchange. 

dYdX does not have any native tokens, behind the project there is a very competent team and the software is completely open source. Moreover, no trading fees are charged.

dYdX Historical Stats

  • Date
  • TVL (USD)
  • TVL Change
  • Total ETH Locked
  • ETH Locked 1d
  • 18 Sep 2020
  • TVL USD $31,677,290
  • TVL Change $949,640.00
  • Total ETH Locked 64,157 ETH
  • ETH Locked 1d -1,282.26 ETH
  • 17 Sep 2020
  • TVL USD $30,727,650
  • TVL Change $-839,586.00
  • Total ETH Locked 65,439 ETH
  • ETH Locked 1d -4,119.90 ETH
  • 16 Sep 2020
  • TVL USD $31,567,236
  • TVL Change $-1,406,142.00
  • Total ETH Locked 69,559 ETH
  • ETH Locked 1d -1,017.47 ETH
  • 15 Sep 2020
  • TVL USD $32,973,378
  • TVL Change $439,429.00
  • Total ETH Locked 70,577 ETH
  • ETH Locked 1d 4,835.40 ETH
  • 14 Sep 2020
  • TVL USD $32,533,949
  • TVL Change $-1,557,014.00
  • Total ETH Locked 65,741 ETH
  • ETH Locked 1d -929.85 ETH
  • 13 Sep 2020
  • TVL USD $34,090,963
  • TVL Change $2,223,284.00
  • Total ETH Locked 66,671 ETH
  • ETH Locked 1d 2,028.24 ETH
  • 12 Sep 2020
  • TVL USD $31,867,679
  • TVL Change $107,679.00
  • Total ETH Locked 64,643 ETH
  • ETH Locked 1d 1,546.12 ETH
  • 11 Sep 2020
  • TVL USD $31,760,000
  • TVL Change $260,479.00
  • Total ETH Locked 63,097 ETH
  • ETH Locked 1d -2,685.91 ETH
  • 10 Sep 2020
  • TVL USD $31,499,521
  • TVL Change $1,322,710.00
  • Total ETH Locked 65,783 ETH
  • ETH Locked 1d -10,937.62 ETH
  • 09 Sep 2020
  • TVL USD $30,176,811
  • TVL Change $-5,545,480.00
  • Total ETH Locked 76,720 ETH
  • ETH Locked 1d -3,935.05 ETH
  • 08 Sep 2020
  • TVL USD $35,722,291
  • TVL Change $-1,388,793.00
  • Total ETH Locked 80,655 ETH
  • ETH Locked 1d -5,873.51 ETH
  • 07 Sep 2020
  • TVL USD $37,111,084
  • TVL Change $-344,444.00
  • Total ETH Locked 86,529 ETH
  • ETH Locked 1d -10,274.48 ETH
  • 06 Sep 2020
  • TVL USD $37,455,528
  • TVL Change $-840,840.00
  • Total ETH Locked 96,803 ETH
  • ETH Locked 1d 22,657.91 ETH
  • 05 Sep 2020
  • TVL USD $38,296,368
  • TVL Change $427,837.00
  • Total ETH Locked 74,145 ETH
  • ETH Locked 1d 551.04 ETH
  • 04 Sep 2020
  • TVL USD $37,868,531
  • TVL Change $-5,032,722.00
  • Total ETH Locked 73,594 ETH
  • ETH Locked 1d -1,051.21 ETH
  • 03 Sep 2020
  • TVL USD $42,901,253
  • TVL Change $-2,349,065.00
  • Total ETH Locked 74,645 ETH
  • ETH Locked 1d -1,755.70 ETH
  • 02 Sep 2020
  • TVL USD $45,250,318
  • TVL Change $2,360,114.00
  • Total ETH Locked 76,401 ETH
  • ETH Locked 1d 262.83 ETH
  • 01 Sep 2020
  • TVL USD $42,890,204
  • TVL Change $632,414.00
  • Total ETH Locked 76,138 ETH
  • ETH Locked 1d 2,373.09 ETH
  • 31 Aug 2020
  • TVL USD $42,257,790
  • TVL Change $1,115,916.00
  • Total ETH Locked 73,765 ETH
  • ETH Locked 1d 1,114.10 ETH
  • 30 Aug 2020
  • TVL USD $41,141,874
  • TVL Change $-164,834.00
  • Total ETH Locked 72,651 ETH
  • ETH Locked 1d -1,383.98 ETH