dYdX (DYDX)
Total Value Locked$202.48m
TVL by Chain
dYdX$161.47m
Ethereum$41.01m
Key Metrics
Fees (Annualized)$11.4m
Fees 30d$934,059
Fees 7d$130,169
Fees 24h$5,936
Cumulative Fees$96m
Revenue (Annualized)$11.4m
Revenue 30d$934,059
Revenue 7d$130,169
Revenue 24h$5,936
Cumulative Revenue$96m
Holders Revenue (Annualized)$11.4m
Holders Revenue 30d$934,059
Holders Revenue 7d$130,169
Holders Revenue 24h$5,936
Cumulative Holders Revenue$61.57m
Incentives (Annualized)$205.74
Incentives 30d$16.86
Incentives 7d$4.36
Incentives 24h$0
Cumulative Incentives$16.92m
Earnings (Annualized)$11.4m
Earnings 30d$934,042
Earnings 7d$130,165
Earnings 24h$5,936
Cumulative Earnings$79.08m
Perp Volume 30d$16.283b
Perp Volume 7d$3.49b
Perp Volume 24h$362.64m
Cumulative Perp Volume$1.547t
Open Interest$87.2m
Market Cap$156.83m
$DYDX Price$0.19
All Time High$4.52
All Time Low$0.13
Fully Diluted Valuation$184.8m
Outstanding FDV$137.42m
$DYDX Volume 24h$4.54m
CEX Volume$3.84m
DEX Volume$524,865(11.55% of total)
Treasury$132.4
Own Tokens$132.4
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 GitHubPerp 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
SourceIncome Statement for dYdX
| Q4 2025* | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | |
|---|---|---|---|---|---|---|---|---|---|
| Fees | $3.09m | $4.87m | $3.25m | $4.76m | $8.49m | $12.21m | $20.57m | $27.47m | $11.29m |
| Revenue | $3.09m | $4.87m | $3.25m | $4.76m | $8.49m | $12.21m | $20.57m | $27.47m | $11.29m |
| Incentives | $403.91 | $17,623 | $45,294 | $22,956 | $296,470 | $90,322 | $441,112 | $5.96m | $10.05m |
| Earnings | $3.09m | $4.85m | $3.2m | $4.74m | $8.2m | $12.12m | $20.13m | $21.51m | $1.24m |
| Token Holder Net Income | $3.09m | $4.87m | $3.25m | $4.76m | $8.16m | $8.7m | $13.21m | $14.13m | $1.39m |