What is DYDX (ETH)?
DYDX (ETH) (DYDX) is a DeFi protocol governance token currently ranked 418th by market capitalization across all crypto assets we track. DeFi governance tokens grant voting rights over protocol parameters and, in some cases, a share of protocol revenue.
Market position
At the current price of $0.1516, DYDX (ETH) carries a market capitalization of $51.26M. Daily trading volume across exchanges sits at roughly $10.28M. That works out to a 24-hour turnover of about 20.05% of the float — elevated turnover, often a signal of active narrative-driven trading.
Price action across timeframes
Over the past 24 hours, DYDX (ETH) has moved -0.40%; over the past week, DYDX (ETH) has moved -3.84%. Short-term and long-term direction diverge here, which often happens at inflection points where a trend is either reversing or pausing.
Cycle position
DYDX (ETH) is currently trading far below its all-time high (all-time high of $14.83, -99.0% from peak). Late-stage capitulation territory — the riskiest end of the cycle but historically the highest-reward. From its all-time low of $0.0727, current pricing represents a +109% recovery.
Supply & dilution
The circulating supply stands at 338,073,117 DYDX. Only 33.8% of the maximum supply is in circulation today, which means future emissions will materially impact float and price discovery.
Volatility profile
Recent price action puts DYDX (ETH) in the Low-volatility bucket. The asset has been relatively stable, with moves typical of large-cap, mature assets.
How to evaluate DYDX (ETH)
A balanced read on DYDX typically considers three lenses:
- Network & on-chain activity — does usage justify the valuation? Live activity (above) should ideally trend up over time.
- Cycle position — current price relative to ATH (above) sets the risk/reward asymmetry. Closer to ATL is mathematically lower downside; closer to ATH is higher downside.
- Comparable assets — how is DYDX performing against the broader crypto market (BTC, total market cap) and against peers in the same sector? The benchmarks chart on this page shows this directly.
This page combines live market data, on-chain stats where available, exchange-by-exchange volume, and our forecast model so you can answer those three questions in one place. Nothing on this page is investment advice — it's a structured starting point for your own due diligence.
Project description
DYDX is a decentralized trading platform that enables users to trade cryptocurrencies with advanced features such as margin and perpetual trading. It is powered by the Ethereum blockchain, ensuring transparency and security. Source: CoinPaprika.com