dYdX is a decentralized exchange (DEX) for perpetual contracts on Ethereum. It was created by Antonio Juliano, a former engineer of Uber and Coinbase, in 2017. Since its launch, the protocol has also integrated spot and margin trading. It is one of the few DEXes that offer perpetual and margin trading as it is mostly CEXes that do these services.
As a DEX, dYdX enables users to trade perpetuals peer-to-peer and to hold positions for as long as they want until certain conditions are satisfied. Because the DEX is built on Ethereum, the underlying assets of contracts on dYdX are ERC20 tokens.
DYDX is the governance and utility token of the dYdX exchange.
DYDX maximum supply: 1,000,000,000
DYDX circulating supply: 65,569,295
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Futures market
Spot market
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