dYdX (DYDX)

Total Value Locked$313.03m

TVL by Chain

dYdX$270.49m

Ethereum$42.54m

Key Metrics

Fees (Annualized)$19.57m

Fees 30d$1.6m

Fees 7d$563,310

Fees 24h$97,614

Cumulative Fees$89.53m

Revenue (Annualized)$19.57m

Revenue 30d$1.6m

Revenue 7d$563,310

Revenue 24h$97,614

Cumulative Revenue$89.53m

Holders Revenue (Annualized)$19.57m

Holders Revenue 30d$1.6m

Holders Revenue 7d$563,310

Holders Revenue 24h$97,614

Cumulative Holders Revenue$55.1m

Incentives (Annualized)$19,190

Incentives 30d$1,573

Incentives 7d$394.85

Incentives 24h$242

Cumulative Incentives$16.91m

Earnings (Annualized)$19.55m

Earnings 30d$1.6m

Earnings 7d$562,915

Earnings 24h$97,372

Cumulative Earnings$72.63m

Perp Volume 30d$7.081b

Perp Volume 7d$2.511b

Perp Volume 24h$436.94m

Cumulative Perp Volume$1.501t

Market Cap$478.29m

$DYDX Price$0.63

All Time High$4.52

All Time Low$0.42

Fully Diluted Valuation$608.34m

$DYDX Volume 24h$15.86m

CEX Volume$13.91m

DEX Volume$1.82m(11.48% of total)

Treasury$431.57

Own Tokens$431.57

Total Raised$87m

Dec 19, 2017$2mRound: SeedInvestors: 1Confirmation, a16z, Abstract Ventures, Avichal Garg, Brian Armstrong, Caffeinated Capital, Christopher Golda, David King, Elad Gil, Fred Ehrsam, Jack Herrick, Kindred Ventures, Polychain, Scott Belsky

Oct 19, 2018$10mRound: Series AInvestors: 1Confirmation, a16z crypto, Abstract Ventures, Bain Capital Crypto, Dragonfly Capital, Craft Ventures, Kindred Ventures, Naval Ravikant, Polychain, VY Capital

Jan 26, 2021$10mRound: Series BInvestors: a16z, DeFiance Capital, GSR, Hashed, Polychain Capital, RockTree Capital, Scalar Capital, The Spartan Group, 3AC, Wintermute Trading

Jun 15, 2021$65mRound: Series C

Protocol Information

The most powerful open trading platform for crypto assets. Margin trade, borrow, and lend cryptocurrency.

Methodology

TVL: Total value of all coins held in the smart contracts of the protocol

Fees: Fees paid by usersView code on GitHubRevenue: Treasury and token holders revenueView code on GitHubHolders Revenue: Fees going to governance token holdersView code on GitHub

Perp Volume: Notional volume of all trades in the protocol, includes leverage

Incentives: Tokens allocated to users through liquidity mining or incentive schemes, typically as part of governance or reward mechanisms.

Earnings: Revenue of the protocol minus the incentives distributed to users

Development Activity

Updated at Jun 17, 2025

Weekly commits7

Monthly commits126

Weekly developers3

Monthly developers17

Last commit17/06/25 (a month ago)

Hacks

Date: Nov 18, 2023

Protocol: dYdX V3

Amount: $9m

Classification: Protocol Logic

Technique: Price Manipulation Attack

Chains: Ethereum

Target Type: DeFi Protocol

Source

Income Statement for dYdX

Q3 2025*Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023
Fees$1.49m$3.25m$4.76m$8.49m$12.21m$20.57m$27.47m$11.29m
Revenue$1.49m$3.25m$4.76m$8.49m$12.21m$20.57m$27.47m$11.29m
Incentives$1,568$45,294$22,956$296,470$90,322$441,112$5.96m$10.05m
Earnings$1.49m$3.2m$4.74m$8.2m$12.12m$20.13m$21.51m$1.24m
Token Holder Net Income$1.49m$3.25m$4.76m$8.16m$8.7m$13.21m$14.13m$1.39m