dYdX (DYDX)

Total Value Locked$305.08m

TVL by Chain

dYdX$262.99m

Ethereum$42.09m

Key Metrics

Fees (Annualized)$21.53m

Fees 30d$1.76m

Fees 7d$379,338

Fees 24h$26,338

Cumulative Fees$89.93m

Revenue (Annualized)$21.53m

Revenue 30d$1.76m

Revenue 7d$379,338

Revenue 24h$26,338

Cumulative Revenue$89.93m

Holders Revenue (Annualized)$21.53m

Holders Revenue 30d$1.76m

Holders Revenue 7d$379,338

Holders Revenue 24h$26,338

Cumulative Holders Revenue$55.5m

Incentives (Annualized)$35,109

Incentives 30d$2,878

Incentives 7d$720.79

Incentives 24h$651.36

Cumulative Incentives$16.91m

Earnings (Annualized)$21.49m

Earnings 30d$1.76m

Earnings 7d$378,617

Earnings 24h$25,687

Cumulative Earnings$73.03m

Perp Volume 30d$7.784b

Perp Volume 7d$1.702b

Perp Volume 24h$133.13m

Cumulative Perp Volume$1.503t

Market Cap$418.83m

$DYDX Price$0.55

All Time High$4.52

All Time Low$0.42

Fully Diluted Valuation$529.71m

$DYDX Volume 24h$6.5m

CEX Volume$5.58m

DEX Volume$1.01m(15.51% of total)

Treasury$372.37

Own Tokens$372.37

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

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$1.93m$3.21m$4.76m$8.49m$12.21m$20.57m$27.47m$11.29m
Revenue$1.93m$3.21m$4.76m$8.49m$12.21m$20.57m$27.47m$11.29m
Incentives$2,979$45,294$22,956$296,470$90,322$441,112$5.96m$10.05m
Earnings$1.93m$3.17m$4.74m$8.2m$12.12m$20.13m$21.51m$1.24m
Token Holder Net Income$1.93m$3.21m$4.76m$8.16m$8.7m$13.21m$14.13m$1.39m