dYdX (DYDX) Price and Market Data

dYdX is a decentralized finance (DeFi) protocol specialized in trading on perpetual contract markets and derivative products, allowing users to trade cryptocurrencies with leverage on both computer and mobile applications. Since 2024, dYdX has its own layer one network called dYdX Chain, based on a Delegated Proof-of-Stake (DPoS) consensus and designed using the Cosmos SDK and a derivative of Tendermint Core. This allows for the governance of the protocol and offers validators the opportunity to earn yields from dYdX.