dYdX (DYDX)
Rank #174
Market snapshot
- Price
- $0.108349
- Market cap
- $91.9M
- 24h volume
- $3.8M
- Circulating supply
- 848,607,938.807
- Total supply
- 958,342,962.3179
- Max supply
- 1,000,000,000
What is dYdX?
dYdX serves as a decentralized exchange platform that facilitates trading in derivatives and perpetual contracts. It is designed to enable users to trade cryptocurrencies in a peer-to-peer manner, without the need for a central authority. The platform aims to provide a more accessible trading experience by leveraging blockchain technology.
Key information
- Symbol
- DYDX
- CMC rank
- #174
- Network / platforms
Osmosis
- Categories
- N/A
- Date added
- Aug 3, 2021
Contract address
Contract addresses are stored from CoinMarketCap metadata and are shown as recorded. CoinLoom does not independently certify them as official.
Osmosis
ibc/831F0B1BBB1D08A2B75311892876D71565478C532967545476DF4C2D7492E48C
Official resources
Risks
Digital asset prices can be volatile and can change materially. Users should verify the contract address and network before transferring assets. Self-custody requires secure private-key and recovery-phrase handling. Centralized platforms can involve operational, custody, and counterparty risk. Availability and regulatory treatment can vary by jurisdiction. Transaction finality and reversibility can differ by network.
Transfer and custody notes
Verify the asset name, network, and any supplied contract details before transferring. Verify destination address and network before sending assets. Review the custody method, including self-custody versus a third-party platform. Understand that transfers may be irreversible and that CoinLoom does not confirm exchange availability.
FAQ
- What is dYdX?
- dYdX is a cryptocurrency represented by the symbol DYDX, associated with decentralized exchange and derivatives trading.
- What are the risks associated with dYdX?
- Digital asset prices can be volatile. Users should handle private keys and verify contract addresses before transfers.
- How can I verify dYdX before acquiring it?
- Verify the asset name, network, and contract details before transferring. Ensure the destination address is correct.
- Where can I find official resources for dYdX?
- Official resources for dYdX can be found on their website and GitHub repository.
