$0.792
4.35%
$0.742
24h Range
$0.798
Market Cap
$170,368,179.7
Fully Diluted Valuation
$280,538,934.9
24 Hour Trading Vol
$21,765,059.9
Circulating Supply
215,157,791.7
Total Supply
354,292,320.5
Max Supply
∞
dYdX ethDYDX Price
$0.792
24h Range
$0.742 - $0.798
Percent Change 1h
-0.18%
Percent Change 24h
4.35%
Percent Change 7d
7.02%
All-time high
$27.86
All-time low
$0.642
1D
7D
1M
1Y
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dYdX (ETHDYDX) is a decentralized trading platform built on the Ethereum blockchain that specializes in derivatives trading, including perpetual contracts and margin trading. It allows users to trade various cryptocurrencies with leverage, enabling them to maximize their potential returns. dYdX utilizes smart contracts to facilitate trading without the need for intermediaries, providing users with greater control over their funds and trades. As of early 2024, dYdX has gained significant traction in the DeFi (Decentralized Finance) space, boasting over $1 billion in total trading volume in the previous month and supporting a wide range of trading pairs.
dYdX was co-founded by Antonio Juliano, who previously worked as an engineer at Coinbase and Uber. His experience in the tech industry and passion for decentralized finance led him to create dYdX in 2017, aiming to build a robust platform for derivatives trading on the blockchain. The founding team also includes other notable individuals in the crypto space, contributing to the platform's development and growth.
dYdX operates through a combination of smart contracts and layer-2 technology to enhance scalability and reduce transaction fees. Users can create an account and deposit cryptocurrencies into their dYdX wallets, which are secured by Ethereum's blockchain. The platform allows for margin trading, enabling users to borrow funds to trade larger positions than their account balance. When users place trades, they interact with smart contracts that automatically execute orders based on predefined conditions. The dYdX trading engine matches buyers and sellers, ensuring efficient market operations. Additionally, dYdX has implemented an automated market-making (AMM) mechanism to facilitate liquidity provision, allowing liquidity providers to earn fees by supplying capital to the platform.
To ensure the safety of your dYdX (ETHDYDX) assets, consider the following precautions:
Investing in dYdX ethDYDX (ETHDYDX) or any other cryptocurrency involves several steps:
1. Choose a Reliable Exchange: Select a reputable cryptocurrency exchange platform like Coinbase, Binance, or Okx. These platforms allow you to buy, sell, and trade cryptocurrencies.
2. Create an Account: Sign up for an account on your chosen exchange by providing the necessary personal information and completing the verification process.
3. Fund Your Account: Deposit funds into your exchange account using various methods like bank transfers, credit/debit cards, or wire transfers.
4. Buy dYdX ethDYDX: Once your account is funded, you can purchase dYdX ethDYDX directly from the exchange. Choose the desired amount and complete the transaction.
Botsfolio is a platform that automates cryptocurrency investments using trading bots. To invest in dYdX ethDYDX using Botsfolio, follow these steps:
Botsfolio allows you to automate your cryptocurrency investments, potentially saving time and effort while optimizing your trading strategies.
dYdX ethDYDX (ETHDYDX) is currently trading at $0.792 and exhibits good potential for future growth. Check the latest dYdX ethDYDX (ETHDYDX) price prediction.
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