dYdX (DYDX) is the native cryptocurrency of the dYdX Chain, a proof-of-stake blockchain network built using the Cosmos SDK and leveraging CometBFT for consensus. This token plays a crucial role in securing the chain and participating in governance on the dYdX Chain, a fully decentralized, community-governed platform ¹.$DYDX

*Key Features:*

- _Decentralized Governance_: DYDX holders can participate in governing the platform

- _Staking_: DYDX can be staked to secure the chain, with 100% of protocol fees distributed to stakers, predominantly in USDC

- _Scalability_: dYdX Chain supports high scalability and fast transaction processing

*Token Statistics:*

- Market Cap: $611.53M ¹

- Circulating Supply: 643.93M DYDX ¹

- Total Supply: 773.05M DYDX ¹

*Use Cases:*

- Decentralized finance (DeFi) applications

- Trading perpetual contracts with up to 20x buying power

- Earning trading rewards in DYDX

*Exchanges:*

DYDX is listed on various exchanges, including Uniswap, SushiSwap, Huobi, and more ¹.

The dYdX platform is designed to provide a professional trading experience with low fees, deep liquidity, and self-custody of funds ². Would you like to know more about the dYdX ecosystem or its potential use cases?