dYdX Price Reaches $1.14 (DYDX)

dYdX (DYDX) traded 4.8% lower against the U.S. dollar during the 24 hour period ending at 10:00 AM E.T. on January 25th. One dYdX token can currently be bought for $1.14 or 0.00001094 BTC on popular cryptocurrency exchanges. During the last seven days, dYdX has traded down 13.7% against the U.S. dollar. dYdX has a market capitalization of $245.99 million and $54.19 million worth of dYdX was traded on exchanges in the last day.

Here’s how similar cryptocurrencies have performed during the last day:

• Aidi Finance (BSC) (AIDI) traded down 2.2% 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 1% lower against the dollar and now trades at $104,382.59 or 0.99900645 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 0.8% lower against the dollar and now trades at $103,828.30 or 0.99370155 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 down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.

dYdX Profile

dYdX’s genesis date was August 3rd, 2021. dYdX’s total supply is 354,333,928 tokens and its circulating supply is 215,197,171 tokens. dYdX’s official message board is dydx.forum. dYdX’s official website is dydx.trade/?utm_source=cmc&utm_medium=media&utm_campaign=cmc-feed. 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.

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 trade dYdX should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, Changelly or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase dYdX using one of the aforementioned exchanges.

DYDX/USD price chart by TradingView