dYdX (DYDX)
dydx is a governance token that allows the dYdX Protocol s community to truly own & govern the dYdX Layer 2 protocol. By enabling shared control, dydx aligns incentives between traders, liquidity providers, and partners of the Layer 2 protocol.
1. DYDX Basic Info
| Symbol | DYDX |
| Name | dYdX |
| Web Site | https://dydx.foundation/blog/introducing-dydx-token |
| Wallet | -- |
| Source | -- |
| Explorer | https://www.mintscan.io/ |
| Forum | -- |
| Mining | |
| Supply | 1000000000 |
| Available Supply | 761060000 |
| Market Cap | 449938672 |
| White Paper | -- |
| Is ICO | None |
| Raised Funds | - |
| Distribution | - |
| Algorithm | -- |
| Proof | -- |
| Total | 1000000000 |
| Release Date | 2021-08-03 |
2. DYDX Technical Info
2.1 DYDX Kline Chart Price
2.2 DYDX Technical Analysis
The short-term trend suggests continued volatility with a potential for sideways movement. The price may experience minor fluctuations, possibly testing the resistance level around 0.5913. The overall outlook is cautiously bearish, considering the recent decline from higher levels.
Over the medium term, a further downward correction is anticipated, potentially reaching the support level around 0.545. The trading volume indicates increased selling pressure.
Long term, based on the overall K-line data, a bearish trend is highly probable. Expect a continued downward trajectory with periodic retracements. The market sentiment will be dominated by bearish traders.
3. DYDX News Info
3.1 DYDX News List
- 20250311
dYdX announces 2025 development roadmap, focusing on trading experience and market expansion đ
dYdX releases roadmap update with multiple improvements coming in the next 2 months đ - 20250303
dYdX has voted to set the default funding rate for some independent markets to 0.00125% per hour đ
3.2 DYDX News Analysis
The data indicates a strong bullish trend for dYdX. The 2025 development roadmap announcement, coupled with continuous iterative improvements, points toward a platform actively seeking to enhance user trading experience and broaden market reach. The increased trading activity, further supported by adjustments to the funding rate, reveals growing engagement and market confidence. These actions suggest a proactive strategy for expanding the user base and market presence. Overall, dYdX appears to be positioned for significant growth and increased market share within its sector.
