dYdX (ethDYDX) (ETHDYDX) is a cryptocurrency launched in 2021and operates on the Ethereum platform. dYdX (ethDYDX) has a current supply of 208,797,498.56793334 with 83,403,694.85092864 in circulation. The last known price of dYdX (ethDYDX) is 0.64122966 USD and is down -0.50 over the last 24 hours. It is currently trading on 291 active market(s) with $15,335,287.50 traded over the last 24 hours. More information can be found at https://dydx.trade/?utm_source=cmc&utm_medium=media&utm_campaign=cmc-feed.
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The dYdX community has officially launched the Surge Rewards Program, a nine-month trading competition designed to reward active participation from both new and returning users. Beginning April 1, 2025, the program will allocate up to $20 million in DYDX tokens to traders over the course of nine monthly “seasons,” establishing one of the largest and longest-running incentive programs in DeFi trading to date.
TL;DR dYdX has launched a token buyback program to strengthen network security and improve the utility of its native token. 25% of the protocol's monthly net fees will be allocated to token buybacks, with the tokens being staked to enhance the network's resilience.