dYdX (DYDX) is a prominent decentralized perpetual contracts exchange operating on a Layer-2 blockchain. It offers a hybrid infrastructure model, combining non-custodial security with on-chain settlement and an off-chain, low-latency order book matching engine. This unique architecture aims to provide users with the best of both worlds: the security of decentralization and the speed of traditional exchanges.
Real-Time dYdX Price and Market Data
Staying informed with the latest market data is crucial for any trading or investment decision. Here is a snapshot of the key metrics for DYDX:
- Current Price: $0.5350 USD
- 24h Price Change: -2.58%
- 24h Trading High: $0.5537
- 24h Trading Low: $0.5150
- 24h Trading Volume (DYDX): 35.2K
- 24h Trading Volume (USDT): $18.73K
This data provides a quick overview of the asset's recent performance and liquidity.
Recent Trading Activity Overview
Monitoring recent trades can offer insights into immediate market sentiment and order flow. The following are some of the latest executed trades on the platform.
| Time | Type | Price | Amount (DYDX) | Value (USD) |
|---|---|---|---|---|
| 23m ago | Sell | $0.5350 | 566 | $303 |
| 23m ago | Sell | $0.5350 | 199 | $106 |
| 3h ago | Sell | $0.5405 | 205 | $111 |
| 4h ago | Sell | $0.5435 | 20.1 | $10.9 |
| 5h ago | Sell | $0.5488 | 20.9 | $11.5 |
| 5h ago | Buy | $0.5487 | 186 | $102 |
This activity shows a mix of buying and selling pressure at various price points.
dYdX On-Chain and Market Momentum Analysis
Beyond simple price tracking, deeper market analysis helps understand the underlying forces driving asset movement.
24-Hour Address Transactions
This metric shows the number of unique addresses participating in DYDX trades over the last day, indicating retail-level engagement.
- Buying Addresses: 23
- Selling Addresses: 25
24-Hour Fund Flow Analysis
Comparing the total value flowing into and out of an asset can signal broader market sentiment. A net inflow often suggests accumulation, while a net outflow can indicate distribution.
- Total Inflow: $8,441
- Total Outflow: $10,305
Market Participant Analysis (Whales, Dolphins, Fish)
This breakdown identifies which tier of investors is primarily driving the current market momentum, providing context for the price action.
- Large Transactions (Whales): $0 Buy | $0 Sell
- Medium Transactions (Dolphins): $0 Buy | $0 Sell
- Small Transactions (Fish): $8,465 Buy | $9,752 Sell
In this specific 24-hour window, activity was predominantly driven by smaller-scale retail traders.
Key dYdX Token Information
For a complete picture, it's essential to consider the token's core metrics and availability.
- Contract Address: 0x92...eff5
- Fully Diluted Valuation (FDV): $535.01 Million
- Circulating Supply: 999.99 Million DYDX
These figures are critical for fundamental analysis and understanding the token's market capitalization and potential dilution.
Frequently Asked Questions
What is the dYdX exchange?
dYdX is a leading decentralized exchange (DEX) specializing in perpetual contracts and other advanced trading products. It operates on a Layer-2 scaling solution to ensure fast transactions and low fees while maintaining a non-custodial, on-chain settlement system for security.
How does dYdX's hybrid model work?
The hybrid model leverages an off-chain order book for high-speed, low-latency trade matching. Once orders are matched, the settlement occurs on-chain. This combines the performance of centralized exchanges with the security and self-custody benefits of decentralization.
Where can I track the live price of DYDX?
You can track the live price, trading volume, and other essential market data for DYDX on various cryptocurrency data aggregators and exchanges that list the token. For a detailed analysis of market momentum and fund flows, 👉 explore advanced market analytics tools.
What is the difference between spot trading and perpetual contracts on dYdX?
Spot trading involves the immediate purchase or sale of an asset. Perpetual contracts are derivative products that allow you to speculate on an asset's future price without an expiry date, often using leverage to amplify exposure.
Who typically uses the dYdX platform?
The platform is designed for a range of users, from retail traders interested in leveraged positions to institutional players and professional arbitrageurs seeking efficient markets for derivatives trading.
Is DYDX a good investment?
As with any cryptocurrency, investing in DYDX carries significant risk. Its value is tied to the usage and success of the dYdX protocol. Potential investors should conduct thorough research, understand the tokenomics, and consider the protocol's trading volume and fee structure before making any decision. To make informed choices, 👉 discover comprehensive investment research platforms.