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

·

Live ETHDYDX Price Summary

As of July 4, 2025, the current price of ETHDYDX (dYdX) is $0.538458, with a 24-hour trading range between $0.531118 and $0.559234. Over the past day, the token has declined by 2.59%, reflecting broader market volatility. The circulating supply stands at 41.66 million ETHDYDX coins, with a maximum supply capped at 1 billion. Despite its relatively low market cap of $22.43 million, ETHDYDX holds a market rank of #1067 in the global cryptocurrency landscape.

The 24-hour trading volume is currently unavailable, indicating potentially limited short-term liquidity or reporting delays. Nevertheless, dYdX remains a notable player in the decentralized finance (DeFi) space, particularly within the realm of decentralized derivatives trading.

👉 Discover how to track real-time crypto movements and optimize your trading strategy.

All-Time High and Low: Historical Price Milestones

ETHDYDX reached its all-time high (ATH) of $27.86 on September 30, 2021—a period marked by peak enthusiasm for DeFi protocols and Layer 2 scaling solutions. This represents a significant decline from its peak, underscoring the high volatility inherent in crypto assets.

Conversely, the all-time low (ATL) was recorded on June 23, 2025, at $0.418804, highlighting recent market pressures and investor sentiment shifts. The current price sits slightly above this low, suggesting potential stabilization or early signs of recovery.

These historical benchmarks are essential for technical analysis and long-term investment planning, especially when evaluating support and resistance levels.

What Is dYdX?

dYdX is a decentralized exchange (DEX) built on Ethereum’s Layer 2 infrastructure using StarkWare’s technology. It specializes in perpetual contracts, enabling traders to engage in margin and leveraged trading without intermediaries. Unlike centralized platforms, dYdX operates through smart contracts, ensuring transparency, censorship resistance, and trustless execution.

The platform supports major cryptocurrencies such as BTC, ETH, SOL, and DOT, offering deep liquidity and advanced trading tools. Since its inception, dYdX has facilitated over $11 billion in trading volume and served more than 64,000 unique traders, cementing its position as a leading DeFi derivatives protocol.

One of dYdX’s standout features is its feeless trading model—traders pay no fees on spot or perpetual trades, a rare advantage in the competitive crypto exchange ecosystem.

Understanding the DYDX Token

DYDX is the native utility and governance token of the dYdX protocol. Launched in August 2021 on Ethereum, it plays a central role in ecosystem participation. Token holders can:

The more DYDX a user holds and stakes, the greater their benefits within the platform. This incentivized structure encourages long-term holding and active community engagement.

While DYDX is primarily associated with the Ethereum-based version of the protocol, it continues to serve as a foundational asset across dYdX’s evolving ecosystem.

Founding and Funding Background

dYdX was founded in July 2017 by Antonio Juliano, a former software engineer with a vision to decentralize financial markets. Under his leadership, the project evolved from a simple lending protocol into one of the most sophisticated decentralized derivatives platforms.

The platform has attracted strong institutional backing, raising over $87 million from top-tier investors including:

This robust funding has enabled continuous innovation, particularly in scaling solutions via Layer 2 integration.

Why Is DYDX Valuable?

The value of DYDX stems from its utility within a high-performance DeFi environment. Key drivers include:

These attributes make DYDX attractive not only to retail traders but also to institutional participants seeking exposure to decentralized derivatives.

👉 Learn how institutional-grade platforms are shaping the future of crypto trading.

DYDX Tokenomics: Supply and Distribution

A total of 1 billion DYDX tokens were minted at launch. The distribution was structured to prioritize long-term community growth:

Tokens are released gradually over five years post-launch. As of now, approximately 155.6 million DYDX are in circulation—though recent data suggests circulating supply may vary due to staking dynamics or chain migrations.

The market cap currently sits around **$374.24 million**, with the token priced at $2.44 in earlier reports (note: discrepancies may reflect different dYdX chain versions or outdated snapshots).

No new tokens will be minted beyond the 1 billion cap unless approved through community governance—a critical feature ensuring scarcity and decentralization.

Price Predictions: Expert Outlooks for DYDX

Cryptocurrency price forecasts for DYDX remain divergent, reflecting market uncertainty:

These contrasting views highlight the speculative nature of crypto investing. While technological fundamentals support growth potential, macroeconomic conditions and adoption rates will ultimately determine price direction.

How to Store DYDX Safely

DYDX tokens can be stored in several non-custodial wallets that support Ethereum-based ERC-20 tokens:

Users should ensure their wallet is connected to the correct network (Ethereum Mainnet) and securely backed up. For those actively trading on dYdX’s Layer 2, additional bridge considerations may apply.

Storing DYDX in a personal wallet—rather than leaving it on an exchange—enhances security and enables full control over governance participation.

Frequently Asked Questions (FAQ)

What is the current price of dYdX?

As of July 4, 2025, the live price of ETHDYDX is $0.538458. The token has decreased by 2.59% over the last 24 hours, with trading activity ranging between $0.531118 and $0.559234.

How many dYdX coins are in circulation?

There are currently 41.66 million ETHDYDX coins in circulation, with a maximum supply limit of 1 billion tokens.

Is dYdX a good investment?

Whether dYdX is a good investment depends on your risk tolerance and market outlook. While it has dropped significantly from its all-time high of $27.86, its role in decentralized derivatives trading offers long-term potential. Always conduct independent research before investing.

Can I stake DYDX tokens?

Yes, DYDX supports staking for rewards and safety module participation. Stakers can earn incentives while contributing to network security and governance influence.

Where can I buy ETHDYDX?

ETHDYDX can be purchased on major cryptocurrency exchanges that list the token. Trading pairs are typically available against USDT or other stablecoins.

How does dYdX differ from other DEXs?

dYdX stands out by focusing exclusively on perpetual contracts with high leverage, low fees, and Layer 2 scalability—making it one of the most advanced DeFi derivatives platforms available today.

👉 Start exploring advanced DeFi trading platforms with powerful analytics tools.