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dYdX (ethDYDX)

DYDXUSD

View Detailed Chart

1.461USD

+0.206+16.41%

Today

+16.41%

1 Week

+30.10%

1 Month

+31.86%

6 Months

-26.47%

Year to Date

-51.92%

1 Year

-55.38%

View Detailed Chart

Key Data Points

Opening Price

1.329

Previous Closing Price

1.255

Price Range of the Day

1.3051.478

52-Week Price Range

0.0001.461

Indicators

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The Indicators feature provides value and direction analysis for various instruments under a selection of technical indicators, together with a technical summary.

This feature includes nine of the commonly used technical indicators: MACD, RSI, KDJ, StochRSI, ATR, CCI, WR, TRIX and MA. You may also adjust the timeframe depending on your needs.

Please note that technical analysis is only part of investment reference, and there is no absolute standard for using numerical values to assess direction. The results are for reference only, and we are not responsible for the accuracy of the indicator calculations and summaries.

15m

30m

15m

D

Buy

Sell(1)

Neutral(1)

Buy(9)

Indicators

Sell(1)

Neutral(1)

Buy(3)

Indicators

Value

Direction

MACD(12,26,9)

0.029

Buy

RSI(14)

66.671

Neutral

STOCH(KDJ)(9,3,3)

75.020

Buy

ATR(14)

0.140

High Vlolatility

CCI(14)

275.708

Overbought

Williams %R

4.521

Overbought

TRIX(12,20)

1.018

Sell

StochRSI(14)

100.000

Buy

Moving Average

Sell(0)

Neutral(0)

Buy(6)

Indicators

Value

Direction

MA5

1.284

Buy

MA10

1.262

Buy

MA20

1.184

Buy

MA50

1.061

Buy

MA100

1.011

Buy

MA200

1.269

Buy

dYdX (ethDYDX) News

dYdX Integrates Keplr Wallet Expanding Access to 130+ Markets for Users

dYdX now incorporates Keplr Wallet, allowing users to access over 130 markets with just three clicks.

Live Bitcoin NewsFri, Sep 13

More Details of dYdX (ethDYDX)

What are the key functionalities of the DYDX token?

The primary functions of the DYDX token are: Staking - Holders can stake their DYDX to participate in securing the dYdX Chain network as validators or delegators. Stakers receive a share of the protocol fees generated on the chain. Governance - DYDX can be used to vote on important governance proposals that shape the future direction of the dYdX protocol and ecosystem. Utility - DYDX may be required to access certain features or services on the dYdX Chain, such as paying transaction fees.

Who are the founders of dYdX, and what makes the protocol unique?

Antonio Juliano, an experienced programmer with a background in blockchain technology, is the founder and CEO of dYdX Trading Inc. The protocol is unique in that it uses a form of zero-knowledge rollup technology called zkSTARKS to increase the scalability of the network, allowing for faster transaction speeds, lower gas costs, and reduced trading fees.

How does the migration from ethDYDX to dYdX Chain DYDX work?

Users can migrate their Ethereum-based ethDYDX tokens to the new DYDX tokens on the dYdX Chain through the wethDYDX smart contract. This contract will permanently lock the user's ethDYDX and mint a 1:1 wrapped version called wethDYDX on Ethereum. The dYdX Chain validators can then distribute the corresponding DYDX tokens to the users based on the information recorded in the wethDYDX contract.

What are the key features and utilities of the dYdX Chain DYDX token?

The DYDX token on the dYdX Chain is the new governance token that allows the dYdX community to govern the dYdX Layer 2 Protocol built on Ethereum. The page also directs users to the dYdX Foundation's "Token Mechanics" blog for a detailed overview of the functionalities of the dYdX Chain DYDX token.

What are the benefits of transitioning from ethDYDX to dYdX Chain DYDX?

Migrating to the dYdX Chain DYDX token unlocks expanded functionalities compared to the original ethDYDX token. On the dYdX Chain, DYDX holders can participate in staking to secure the network and earn protocol fees, as well as exercise governance rights over the protocol. The dYdX Chain also provides a more scalable, decentralized, and community-governed platform for the dYdX ecosystem.

How is the initial allocation of ethDYDX tokens distributed?

On the initial allocation of the 1,000,000,000 ethDYDX tokens, which was distributed over a 5-year period starting from August 3, 2021. The allocation includes percentages for investors, user trading rewards, employees and consultants, retroactive rewards, liquidity provider rewards, future employees and consultants, the community treasury, liquidity staking pool, and safety staking pool. The page also notes that the allocation has been updated over time through various governance proposals.