dYdX is DeFi’s pro trading platform and a pioneer in distributed finance, known for being the first to offer distributed margin trading and derivatives, as well as inventing flash loans and DEX aggregators in 2018. Built on a custom Layer-1 blockchain using the Cosmos SDK, dYdX provides a professional-grade, distributed trading experience with high leverage, deep liquidity, and low fees.
In practice, governed by the community through the DYDX token, dYdX is focused on delivering a transparent and user-driven financial system. This November, dYdX Unlimited launches, bringing instant market listings, the MegaVault liquidity engine, revamped trading rewards, and lifetime affiliate commissions, setting a new standard for distributed trading. Latest snapshot shows market cap near $163,645,838, 24h volume around $51,720,830, 24h change up 30.19%. DexBrief is currently blending 4 public market feeds for this market snapshot.
Public metadata currently describes dYdX as a coin with a byzantine fault tolerance issuance model. Contract references point to Cosmos as the primary asset platform. Public reference history for this asset dates back to 2023-10-26. Project references place dYdX on the Cosmos network. Market data providers usually group dYdX with Decentralized Exchange (DEX), Smart Contract Platform, and Exchange-based Tokens. Cross-chain contract listings currently include Cosmos, Osmosis.