dYdX (DYDX) Trading 7.8% Lower Over Last Week

dYdX (DYDX) traded down 0.2% against the U.S. dollar during the 1-day period ending at 11:00 AM Eastern on June 23rd. In the last week, dYdX has traded down 7.8% against the U.S. dollar. One dYdX token can now be purchased for about $1.41 or 0.00002205 BTC on major cryptocurrency exchanges. dYdX has a market capitalization of $534.52 million and approximately $28.89 million worth of dYdX was traded on exchanges in the last 24 hours.

Here is how related cryptocurrencies have performed in the last 24 hours:

  • KILT Protocol (KILT) traded up 0.7% against the dollar and now trades at $0.21 or 0.00000328 BTC.
  • Aidi Finance (BSC) (AIDI) traded 2.2% lower 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.
  • Kitty Inu (KITTY) traded up 1.9% against the dollar and now trades at $95.84 or 0.00338062 BTC.
  • Hokkaidu Inu (HOKK) traded 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
  • Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
  • Lumi Credits (LUMI) traded up 0.4% against the dollar and now trades at $0.0108 or 0.00000017 BTC.
  • AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

dYdX Profile

dYdX’s launch date was August 3rd, 2021. dYdX’s total supply is 472,707,561 tokens and its circulating supply is 377,821,714 tokens. dYdX’s official Twitter account is @dydx and its Facebook page is accessible here. The Reddit community for dYdX is https://reddit.com/r/dydxprotocol and the currency’s Github account can be viewed here. The official website for dYdX is dydx.trade/?utm_source=cmc&utm_medium=media&utm_campaign=cmc-feed. dYdX’s official message board is dydx.forum.

According to CryptoCompare, “dYdX (DYDX) is a decentralised exchange (DEX) that has significantly contributed to the decentralised finance (DeFi) ecosystem by offering advanced trading options such as perpetual contract trading and margin trading. Founded by Antonio Juliano in 2017, dYdX leverages StarkEx for scalability and efficiency, facilitating leveraged trading with reduced gas fees on a non-custodial platform. The transition to the dYdX Chain, a Cosmos SDK-based proof-of-stake blockchain, marks a pivotal evolution in the utility of the DYDX token. This migration expands its role from primarily serving as a governance token on Ethereum to a multi-faceted Layer 1 token on the dYdX Chain, encompassing staking, network security, and governance functionalities. The community-driven move to adopt DYDX as the Layer 1 token signifies a step towards more scalable, secure, and user-governed financial services in the crypto space.”

Buying and Selling dYdX

It is usually not possible to purchase alternative cryptocurrencies such as dYdX directly using U.S. dollars. Investors seeking to acquire dYdX should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Changelly or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase dYdX using one of the aforementioned exchanges.

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