dYdX Price: ETHDYDX Live Price Today | Market Cap & Chart Analysis

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Live ETHDYDX Price Summary

As of July 4, 2025, the current price of ETHDYDX (dYdX) stands at $0.538458**, with a 24-hour price change of **-2.59%**. The cryptocurrency has a circulating supply of **41.66 million tokens**, contributing to a market capitalization of **$22.43 million, ranking it #1067 among global cryptocurrencies. While the 24-hour trading volume is currently unavailable, historical data shows a daily high of $0.559234** and a low of **$0.531118, both recorded on the same day.

This real-time price snapshot reflects ongoing market sentiment and trading dynamics within the decentralized finance (DeFi) space, particularly for protocols offering advanced trading capabilities.

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All-Time High and Low Prices

ETHDYDX reached its all-time high (ATH) of $27.86 on September 30, 2021, during the peak of DeFi’s bull run when decentralized exchanges gained massive traction. This represents a significant decline from ATH, underscoring the volatility typical in crypto markets.

Conversely, the all-time low (ATL) was recorded at $0.418804 on June 23, 2025, indicating recent market pressures and macroeconomic influences affecting investor confidence in mid-tier DeFi projects.

These price extremes provide crucial context for evaluating long-term trends and potential recovery scenarios as the ecosystem evolves.

What Is dYdX?

dYdX is a leading decentralized exchange (DEX) built on smart contracts utilizing the Ethereum blockchain. It specializes in perpetual futures trading, offering users the ability to trade with high leverage—up to 25x—without relying on centralized intermediaries. The platform operates in a permissionless and trustless environment, aligning with core principles of decentralization.

By leveraging Layer 2 scaling solutions via StarkWare, dYdX achieves near-instant transaction finality and minimal gas fees, making it highly competitive against traditional centralized exchanges like BitMEX and Bitfinex.

Since its inception, dYdX has facilitated over $11 billion in trading volume and served more than 64,000 unique traders, solidifying its position as a major player in decentralized derivatives.

Understanding DYDX: The Native Token

DYDX is the native utility and governance token of the dYdX protocol. Launched in 2021 on Ethereum, it plays a central role in platform operations:

The token can be acquired through staking rewards or purchased directly on major cryptocurrency exchanges.

Founder and Development Background

dYdX was founded in July 2017 by Antonio Juliano, a former software engineer at Uber and Coinbase. Under his leadership, the project evolved from a simple lending protocol into one of the most sophisticated decentralized derivatives platforms.

The project has attracted substantial institutional backing, including investments from:

Collectively, these investors have contributed over $87 million in funding, supporting research, development, and ecosystem growth.

Why Is DYDX Valuable?

The value proposition of DYDX stems from its integration within a high-performance DeFi trading ecosystem:

Its unique blend of performance, decentralization, and user incentives makes DYDX a compelling asset within the broader crypto economy.

DYDX Tokenomics Overview

The total supply of DYDX is capped at 1 billion tokens, distributed as follows:

As of now, approximately 155.6 million DYDX tokens are in circulation—though this number may vary due to vesting schedules and emission policies.

The current market cap stands at $374.24 million**, with a price of **$2.44 as of April 2, 2023 (note: this data appears outdated compared to July 4, 2025 figures). At that time, the token saw a minor dip of 1.22% over 24 hours.

Price Predictions: Contrasting Outlooks

Market forecasts for DYDX show divergent views:

These discrepancies highlight the inherent unpredictability of cryptocurrency valuations, influenced by macro trends, regulatory shifts, and platform adoption.

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How to Store DYDX Safely

To securely manage your DYDX holdings, use compatible wallets such as:

Ensure your wallet is connected to your dYdX trading account and properly funded before initiating trades. Depending on whether you're operating on Layer 1 (Ethereum) or Layer 2 (StarkWare), transaction speeds and costs will vary significantly.

For long-term holders, cold storage via hardware wallets is strongly recommended to mitigate hacking risks.

Frequently Asked Questions (FAQ)

What is the current price of dYdX?

As of July 4, 2025, dYdX (ETHDYDX) is trading at $0.538458. The price fluctuated between $0.531118 (low) and $0.559234 (high) within the past 24 hours.

How many DYDX tokens are in circulation?

There are currently 41.66 million DYDX tokens in circulation, with a maximum supply capped at 1 billion. This scarcity model influences long-term price dynamics and investor sentiment.

Is dYdX a good investment?

Whether dYdX is a good investment depends on your risk tolerance and market outlook. With a current price far below its all-time high of $27.86 and strong fundamentals in decentralized derivatives, it may present opportunities—but thorough research is essential given market volatility.

Can I stake DYDX tokens?

Yes, DYDX can be staked to participate in governance, earn rewards through liquidity programs, and contribute to protocol security via safety modules.

Where can I buy DYDX?

DYDX can be purchased on major exchanges including Bybit, though users should ensure their chosen platform supports both spot and derivatives trading for optimal flexibility.

How does dYdX differ from other DEXs?

dYdX stands out by focusing exclusively on perpetual contracts with high leverage, powered by Layer 2 scalability. Unlike AMM-based DEXs like Uniswap, it offers order-book-style trading with deep liquidity and advanced financial instruments.

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