What is dYdX (DYDX)?

dYdX is a token exchange, similar to Uniswap, that exists on the Ethereum blockchain. Transacting directly on the Ethereum blockchain is slow and, at times, costly. To fix this issue, many projects moved to Layer 2, a faster and better way to transact with Ethereum, including dYdX. While other well known exchanges allow basic features such as exchanging one token for the other, dYdX was built to facilitate more complicated trades (such as margin trading). Holders of the $DYDX token can vote on the future of the project and propose changes to the exchange.
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DYDX
No value0% last 7 days
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Cryptohunt's Opinion

Our take on dYdX

As the world moves towards a future where crypto is more and more common, there need to be ways in which traditional industries can make use of the technology. Lots of Wall Street and other financial institutions rely on complex financial instruments to make higher returns - dYdX is hoping to create the solution that can mix those trades with modern blockchains. We are excited to see the future of the project.
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How do you feel about dYdX?

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What makes dYdX special?
dYdX is a on its own, uses to validate transactions, and is. dYdX also supports.

Interesting facts about dYdX

Here are some facts you may not already know about dYdX. Something surprise you? Go ahead, share it!Any fact missing? Contact us.
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dYdX makes use of Ethereum's Layer 2 solutions, offering faster and cheaper transactions.

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dYdX was built to allow more advanced types of cryptocurrency trading.

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dYdX is a cryptocurrency exchange on the Ethereum blockchain.

dYdX reviews from the cryptohunt community

There are no reviews for dYdX yet. Be the first one to make some noise!

dYdX price and insights

See how much dYdX is worth and learn from other insightful metrics
No value
-0% past 1 week
24H30D
Community Reviews
No reviews yet
Market insights
Market capitalization
Very small
24 hour trading volume
Very small
Market cap % of total
Very small
Project health
# Discord members
53,924
6% of them are active
# Telegram members
-
% of total supply circulating
Very small

What’s the community like?

Community matters for projects like dYdX, because an active community drives the development of use cases for a blockchain project. The more people are active, the better to have healthy discussions and create something valuable.
# Discord members
53,924
# Active Discord members
3,170
# Telegram members
-
# Active Telegram members
-

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