dYdX Buy Token

www.dydx.exchange

Total Value Locked

$40.0M

USD Locked

$40.0M

ETH Supply Locked

78,417.65

Blockchain

Ethereum

Change

3.01%

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It is also possible to generate income on dYdX through lending: funds can be deposited and withdrawn at any time and interest rates are automatic and dynamic.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
  • 05 Aug 2020
  • TVL USD $39,231,253
  • TVL Change $-750,071.00
  • Total ETH Locked 77,682 ETH
  • ETH Locked 1d 9,350.44 ETH
  • 04 Aug 2020
  • TVL USD $39,981,324
  • TVL Change $1,906,436.00
  • Total ETH Locked 68,332 ETH
  • ETH Locked 1d 7,072.45 ETH
  • 03 Aug 2020
  • TVL USD $38,074,888
  • TVL Change $-3,494,289.00
  • Total ETH Locked 61,259 ETH
  • ETH Locked 1d -8,497.74 ETH
  • 02 Aug 2020
  • TVL USD $41,569,177
  • TVL Change $1,263,949.00
  • Total ETH Locked 69,757 ETH
  • ETH Locked 1d -7,801.83 ETH
  • 01 Aug 2020
  • TVL USD $40,305,228
  • TVL Change $2,766,473.00
  • Total ETH Locked 77,559 ETH
  • ETH Locked 1d 7,286.39 ETH
  • 31 Jul 2020
  • TVL USD $37,538,755
  • TVL Change $386,385.00
  • Total ETH Locked 70,272 ETH
  • ETH Locked 1d 2,963.35 ETH
  • 30 Jul 2020
  • TVL USD $37,152,370
  • TVL Change $1,486,547.00
  • Total ETH Locked 67,309 ETH
  • ETH Locked 1d 7,227.58 ETH
  • 29 Jul 2020
  • TVL USD $35,665,823
  • TVL Change $-517,670.00
  • Total ETH Locked 60,081 ETH
  • ETH Locked 1d 4,141.70 ETH
  • 28 Jul 2020
  • TVL USD $36,183,493
  • TVL Change $-390,660.00
  • Total ETH Locked 55,940 ETH
  • ETH Locked 1d -1,852.39 ETH
  • 27 Jul 2020
  • TVL USD $36,574,153
  • TVL Change $-2,088,213.00
  • Total ETH Locked 57,792 ETH
  • ETH Locked 1d -23,975.59 ETH
  • 26 Jul 2020
  • TVL USD $38,662,366
  • TVL Change $3,031,772.00
  • Total ETH Locked 81,768 ETH
  • ETH Locked 1d -5,991.99 ETH
  • 25 Jul 2020
  • TVL USD $35,630,594
  • TVL Change $301,139.00
  • Total ETH Locked 87,760 ETH
  • ETH Locked 1d -831.55 ETH
  • 24 Jul 2020
  • TVL USD $35,329,455
  • TVL Change $688,154.00
  • Total ETH Locked 88,591 ETH
  • ETH Locked 1d -2,082.85 ETH
  • 23 Jul 2020
  • TVL USD $34,641,301
  • TVL Change $1,689,524.00
  • Total ETH Locked 90,674 ETH
  • ETH Locked 1d 5,076.06 ETH
  • 22 Jul 2020
  • TVL USD $32,951,777
  • TVL Change $346,815.00
  • Total ETH Locked 85,598 ETH
  • ETH Locked 1d -1,645.86 ETH
  • 21 Jul 2020
  • TVL USD $32,604,962
  • TVL Change $-1,333,264.00
  • Total ETH Locked 87,244 ETH
  • ETH Locked 1d -12,248.63 ETH
  • 20 Jul 2020
  • TVL USD $33,938,226
  • TVL Change $-498,668.00
  • Total ETH Locked 99,493 ETH
  • ETH Locked 1d -3,682.53 ETH
  • 19 Jul 2020
  • TVL USD $34,436,894
  • TVL Change $-431,866.00
  • Total ETH Locked 103,175 ETH
  • ETH Locked 1d -2,149.94 ETH
  • 18 Jul 2020
  • TVL USD $34,868,760
  • TVL Change $-194,277.00
  • Total ETH Locked 105,325 ETH
  • ETH Locked 1d 1,292.55 ETH
  • 17 Jul 2020
  • TVL USD $35,063,037
  • TVL Change $-356,684.00
  • Total ETH Locked 104,032 ETH
  • ETH Locked 1d 6,122.58 ETH