dYdX

DYDX#292DEX Derivatives and perps Layer 1

Confirm official data

$0.1055

-62.2%past year

Code is moving, $230K in fees this month, sources agree.

Code

53 commits in 90 days from 9 people

Human commits in the five most recently pushed repos.

Nov 9Nov 1

Last push: Nov 3, 2026

dydxprotocol · DefiLlama, CoinGeckodydxfoundation · DefiLlama

Usage

$230K in fees over 30 days

Fees paid on this chain. Fees include what users pay to everyone, not just the protocol. Source: DefiLlama.

Oct 30Nov 3

Revenue, 30d: $230K
TVL: $69.4M

Numbers

CoinGecko and CoinMarketCap agree

CGCMC

Price$0.105$0.105Agree

Supply846M846MAgree

Mcap$88.8M$88.9MAgree

Volume$2.1M$2.54M×1.21

We show both and don’t say which is right. CoinGecko, CoinMarketCap

Paper → real

About $88.8M of $101M is real

Selling everything at 2% a day would take 216 days.

Paper (all tokens)$101M

Market cap$88.8M

Real$88.8M

Real is the market cap scaled down when its order-book depth is below what is typical for a token of its size. An estimate, not a price. Venues we didn’t believe: BTCC.

$1.95M of the $2.06M reported is carried by the books (95%)

Reported by venues$2.06M

Carried by the books$1.95M

Not carried by their book: HTX (160× the norm). A day of honest trading passes through a book a bounded number of times its 2% depth; the norm is the median on large venues. Large venues set the norm and count in full; on the rest, volume past three times the norm is not counted. Depth is what venues report; DEX pools are checked apart.

Where it lives

8 tokens under its ticker that no list knows

2 official deploymentsdYdX (Wormhole)

UnknownEthereumdYdX 0x92D6…Eff5$11.5Kcan mint

UnknownPolygondYdX (PoS) 0x4C3b…D42a$7.14Kupgradeable

WrapperSolanadYdX (Wormhole) 4Hx6Bj…wyRU$3.14K

UnknownSolanadYdX 5BFSSg…7Xgt$44.8claims $131M

UnknownSolanadYdX GNrBFP…YPcF$9.9claims $193M

UnknownRobinhooddYdX 0x6a3d…3546$0claims $66.8M

Copies are what DEX search finds under the same ticker. Liquidity counts only pools against real assets; a pool against a made-up token can claim any figure.

Leverage

$8.36M in open futures, 9.4% of the market cap

Closing them all by force would take 20 days of 2% sell depth.

Funding, 8h: +0.01% · longs pay shorts
Futures volume: $5.26M · 2.5× the spot volume · open interest turned over 0.6×
Liquidated, 24h: longs $1.05K · shorts $0.213
Venues: Bybit, OKX, Hyperliquid, Binance

Perpetual futures on Binance, Bybit, OKX and Hyperliquid, read hourly; CME and other venues are not counted. Liquidations from Bybit (every one), Binance (the largest per second) and OKX (its latest orders each hour): a lower bound.

On-chain