dYdX (DYDX) Tops 24-Hour Trading Volume of $10.75 Million

dYdX (DYDX) traded 0.9% higher against the US dollar during the 1 day period ending at 10:00 AM Eastern on March 2nd. One dYdX token can currently be bought for approximately $0.68 or 0.00000804 BTC on major cryptocurrency exchanges. Over the last week, dYdX has traded 13.4% lower against the US dollar. dYdX has a total market capitalization of $88.47 million and $10.75 million worth of dYdX was traded on exchanges in the last day.

Here is how related cryptocurrencies have performed over the last day:

• Taiko (TAIKO) traded 3.1% lower against the dollar and now trades at $0.94 or 0.00001105 BTC.
• 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 down 2.2% against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded 2.2% lower against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• SolvBTC (SOLVBTC) traded up 1.1% against the dollar and now trades at $85,367.34 or 1.00359243 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 1.4% higher against the dollar and now trades at $85,331.17 or 1.00316713 BTC.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.

About dYdX

dYdX’s launch date was August 3rd, 2021. dYdX’s total supply is 268,526,102 tokens and its circulating supply is 129,394,306 tokens. 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. dYdX’s official message board is dydx.forum. 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 buy alternative cryptocurrencies such as dYdX directly using US dollars. Investors seeking to acquire dYdX should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, Coinbase or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy dYdX using one of the exchanges listed above.

DYDX/USD price chart by TradingView