What Is DYDX (dYdX)?
DYDX (dYdX) is the governance token for the layer 2 protocol of the eponymous non-custodial decentralized cryptocurrency exchange. It serves to facilitate the operation of layer 2 and allows traders, liquidity providers and partners to contribute to the definition of the protocol’s future as a community.
Token holders are granted the right to propose changes on the dYdX’s layer 2, and are presented with an opportunity to profit through token staking and trading fee discounts.
Built on Starkwire’s StarkEx scalability engine, layer 2 is used for trading of cross-margined perpetuals on the platform. The scaling solution allows dYdX to increase transaction speed, eliminate gas costs, reduce trading fees and lower minimum trade sizes on the protocol.
An open-source platform with smart contract functionality, dYdX is designed for users to lend, borrow and trade crypto assets. Although dYdX supports spot trading, the main focus of the platform is on derivatives and margin trading.
The exchange was founded in 2017 with over $10 million in seed venture capitalist funding and went live in 2019. DXDY token Initial coin offering (ICO) was on September 9th 2021.
Who Are the Founders of dYdX?
Antonio Juliano – an experienced programmer with a background in blockchain technology is the founder and CEO of DYDX. He first entered the crypto space in 2015 upon getting a job as a software engineer at Coinbase – a cryptocurrency exchange platform. As a Princeton University graduate with a degree in computer science, Antonio Juliano embarked on his entrepreneurial journey and founded dYdX in early 2017 .
Zhuoxun Yin is head of operations at dYdX. Не previously worked at Nimble – a social sales and marketing CRM and Bain & Company – a consulting service. Zhuoxun Yin studied at University of Queensland and has a bachelor’s degree in commerce.
dYdX Price Prediction
If you’re looking for dYdX price predictions for 2022, 2023, 2024, 2025, 2030 and want to know where the prices of dYdX (DYDX) will go in the future? We will analyze the past prices of dYdX (DYDX) and will found out what experts are saying about its future price actions.
Please keep that in mind you need to take this prediction and every other prediction with the intention that this is only the suggestion of some market expert/analysts.
Not to mention predicting something so perfect is completely impossible. But we will try our best. Let’s start.
|Year||Minimum Price||Average Price||Maximum Price|
|USD Price||$ 8.17|
|24h Volume||$ 240,032,423|
dYdX (DYDX) Price Prediction
At reconshell.com we predict future dYdX price predictions/DYDX forecast by applying deep artificial intelligence-assisted technical Analysis on the past price data of dYdX. We do our best to collect maximum historical data for the DYDX coin which include multiple parameters like past price, dYdX marketcap, dYdX volume and few more. If you are looking to invest in digital cryptocurrencies and want good return on your investments, make sure to read our predictions.
dYdX Price Prediction 2022
According to our deep technical analysis on past price data of DYDX, In 2022 the price of dYdX is predicted to reach at a minimum level of $10.42. The DYDX price can reach a maximum level of $12.35 with the average trading price of $10.71.
dYdX Price Prediction 2023
The price of dYdX is predicted to reach at a minimum level of $15.65 in 2023. The dYdX price can reach a maximum level of $18.48 with the average price of $16.18 throughout 2023.
DYDX Price Forecast for 2024-2025
As per the forecast price and technical analysis, In 2024 the price of dYdX is predicted to reach at a minimum level of $23.40. The DYDX price can reach a maximum level of $27.16 with the average trading price of $24.21.
The price of 1 dYdX is expected to reach at a minimum level of $34.20 in 2025. The DYDX price can reach a maximum level of $39.93 with the average price of $35.17 throughout 2025.
dYdX Price Prediction 2026
dYdX price is forecast to reach a lowest possible level of $53.29 in 2026. As per our findings, the DYDX price could reach a maximum possible level of $59.32 with the average forecast price of $54.70.
dYdX Price Prediction 2027
According to our deep technical analysis on past price data of DYDX, In 2027 the price of dYdX is forecasted to be at around a minimum value of $78.07. The dYdX price value can reach a maximum of $91.78 with the average trading value of $80.25 in USD.
dYdX (DYDX) Price Prediction 2028
The price of dYdX is predicted to reach at a minimum value of $117.19 in 2028. The dYdX price could reach a maximum value of $138.15 with the average trading price of $121.21 throughout 2028.
dYdX Price Prediction/Forecast 2029
As per the forecast and technical analysis, In 2029 the price of dYdX is expected to reach at a minimum price value of $170.04. The DYDX price can reach a maximum price value of $202.04 with the average value of $176.10.
dYdX (DYDX) Price Prediction 2030
The price of dYdX is predicted to reach at a minimum value of $244.59 in 2030. The dYdX price could reach a maximum value of $295.59 with the average trading price of $253.39 throughout 2030.
dYdX Price Prediction 2031
dYdX price is forecast to reach a lowest possible level of $368.92 in 2031. As per our findings, the DYDX price could reach a maximum possible level of $432.15 with the average forecast price of $379.05.
What Makes dYdX Unique?
dYdX is a cryptocurrency exchange that combines advanced financial tools with decentralization. The platform supports margin trading – a financial product enabling investors to increase their exposure to digital assets through leverage. dYdX’s isolated margin allows users to assign particular funds in the account as part of a trade, while cross-margin utilizes all the assets a trader keeps on the platform. Perpetuals – a type of futures contract that does not have a predetermined selling date, is also available for trading on dYdX. The exchange currently offers a maximum of 25x leverage on synthetic assets with no expiry date.
Upon depositing funds into the account, dYdX users automatically begin to earn interest, as their assets are entered into the global lending pool specific to each cryptocurrency. The platform guarantees security for lenders by ensuring that borrowers have enough collateral in their account at all times. Borrowing on dYdX enables users to instantly acquire any asset available on the platform using funds in their possession as collateral for the loan. dYdX also features an order book architecture in contrast to automated market makers such as Uniswap.
dYdX Layer 2 increases scalability of the network through use of a form of zero-knowledge rollup – zkSTARKS. The technology receives proofs, while validating a batch of transactions off-chain. These proofs are then sent back to the blockchain, where they are verified by a smart contract. zkSTARKS makes it possible to remove expensive computations from the mainnet with no sacrifices in decentralization.
Together, with trading and liquidity provider rewards, dYdX introduces retroactive mining benefits, allowing the platform to show appreciation to historical users and incentivize them to trade on layer 2 protocol. The holders can stake their tokens in dYdX’s safety and liquidity pools. While the safety pool provides the platform with a safety net in case of a shortfall event, the liquidity pool serves to attract high quality market makers.
How Many DYDX Coins Are There in Circulation?
There is a total of 1,000,000,000 DYDX minted, which will be distributed over a five year period, starting on August 3rd 2021. 50.00% of the supply will go to the community; 25.00% will be used as trading rewards; 7.50% will be set aside for retroactive mining rewards, 7.50% will be assigned for liquidity provider rewards; 5.00% will go to a community treasury; 2.50% will be dedicated to users staking USDC to a liquidity staking pool and 2.50% – to users staking DYDX to a safety staking pool.
27.73% will be set aside for past investors.15.27% will go to founders, employees, advisors, and consultants.7.00% will be kept for future employees and consultants of dYdX.
How Is the dYdX Network Secured?
When Will DYDX Trading Begin?
DYDX token first became available for purchase in September 2021.
Can DYDX Hit $50?
During the two instances of notable Bitcoin price drops over the month of September 2021, DYDX did not experience a considerable decrease in value. Furthermore, DYDX managed to double its value and went from $10.23 to $22.66 in a little over a month. Taking into account that dYdX is presently one of the leading decentralized exchanges that has already established itself in the crypto world, its newly released governance token has a good chance in maintaining the price growth and reaching $50.
Where Can You Buy DYDX?
DYDX is currently available for purchase on the following exchanges: Binance, Huobi Global, FTX, KuCoin, Gate.io, Kraken, Poloniex, Uniswap (V3), OKEx, LBank, Sushiswap, Crypto.com Exchange, 0x Protocol, XT.COM, BitZ, WhiteBIT, 1inch Exchange, WOO Network, CoinDCX, Deepcoin, Cryptology, BKEX, DigiFinex, Pionex, BW.com, BitMart, AEX, ZBG, MEXC, BiONE, Bibox, Hoo, Hotbit, Decoin, Bitrue, HitBTC, Tokocrypto, Mandala Exchange, CoinW, BigONE, ZT, AOFEX, WBF Exchange, CoinBene and Bitget.