dYdX (DYDX) Tops 1-Day Trading Volume of $86.71 Million

dYdX (DYDX) traded 1.3% lower against the U.S. dollar during the one day period ending at 10:00 AM Eastern on November 26th. One dYdX token can now be bought for approximately $1.45 or 0.00001559 BTC on major exchanges. Over the last week, dYdX has traded 16.8% higher against the U.S. dollar. dYdX has a market capitalization of $319.51 million and $86.71 million worth of dYdX was traded on exchanges in the last 24 hours.

Here is how related cryptocurrencies have performed over the last 24 hours:

• 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 down 2.2% 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 down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• SolvBTC (SOLVBTC) traded 4% lower against the dollar and now trades at $92,582.58 or 0.99181793 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded down 5.5% against the dollar and now trades at $92,185.83 or 0.98756766 BTC.
• Lumi Credits (LUMI) traded 8.9% higher 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.

About dYdX

dYdX’s launch date was August 3rd, 2021. dYdX’s total supply is 368,874,170 tokens and its circulating supply is 219,605,554 tokens. The official message board for dYdX is dydx.forum. The official website for dYdX 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 Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Gemini or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase dYdX using one of the aforementioned exchanges.

DYDX/USD price chart by TradingView