DYDX
dYdX
DYDX ✓ VerifiedPrice
—
24h
—
Mkt cap
—
Volume
—
We read this asset as:Cash-flow lensFees accrue to token holders — read via P/F, P/S and premium.
Verdict
Fee data building
As of 2026-06-30 · latest · 30-day annualized
Premium (peer percentile · 0 explained → 100 unexplained)
Premium — building
Premium decomposition (price vs holder cash flow) needs our own on-chain fee data, which we are building. Until then we show price, supply, and on-chain identity.
4Overview
A perpetuals exchange; v4 is its own Cosmos L1. 75% of net fees buy DYDX and validator-stake it (#313).
5Official links & addresses
DYDX (v4, current) ⚠️ dYdX Chain (Cosmos) native coin — not an EVM contract
ethDYDX (legacy ERC-20)0x92D6C1e31e14520e676a687F0a93788B716BEff5 widely-cited; not independently re-confirmed
Governance on dYdX Chain (validator/staker voting) — not a single contract
Trust official addresses only — beware impersonator tokens
Share this asset
6Market · supply
no garnish data (not fetched)
Full data & breakdownon-chain · events · derivatives · peers · governance · risk — expand for the institutional detail
7On-chain · holders
data wiring — next increment
9Futures · derivatives
Derivatives data (open interest, funding) is N/A. Perpetual/futures feeds require a commercial market-data subscription we don't use, so we show N/A rather than an unverified number. Methodology →
10Protocol fundamentals
Cash-flow metrics do not apply under this lens.
11On-chain value ratios
Cash-flow metrics do not apply under this lens.
12Governance · development
on-chain governance — not on Snapshot
13News · narrative · timeline
2017founded
2021.04v3 (StarkEx L2, off-chain order book)
2021.09DYDX token (ethDYDX)
2023.10dYdX Chain (Cosmos) launch → v4
2023.11insurance-fund incident
2025.11buyback raised to 75% (#313)
14Peer comparison
Cash-flow metrics do not apply under this lens.
15Risk · quality
AuditInformal Systems (full dYdX Chain), OpenZeppelin (v3), Bramah Systems. Bug bounty up to $5M. ✅
Exploit history2023.11.17 insurance fund drained ~$9M — v3 YFI market manipulation (oracle/market-design abuse). Not a contract hack, and unrelated to dYdX Chain.
Centralization notesv3 = partially decentralized (order book/matching off-chain). v4 = a sovereign Cosmos L1 (CometBFT PoS) — validator-set centralization critiques persist.
16Our metrics over time
No trend metric for this lens yet.
On-chain owned coverage
Not yet computed from our own RPC. For cash-flow assets without our own fee data yet, the premium decomposition is shown as building — never a fake number.