Indicators
Indicators
Value
Direction
MACD(12,26,9)
0.003
Buy
RSI(14)
46.627
Neutral
STOCH(KDJ)(9,3,3)
32.317
Sell
ATR(14)
0.029
High Vlolatility
CCI(14)
-27.599
Neutral
Williams %R
62.500
Sell
TRIX(12,20)
0.033
Sell
StochRSI(14)
0.000
Oversold
dYdX (ethDYDX)
DYDXUSD
View Detailed Chart
0.604USD
-0.002-0.33%
Time
1m
15m
30m
1h
4h
D
W
D
Today
-0.33%
5 Days
-1.31%
1 Month
-8.07%
6 Months
-0.49%
Year to Date
-58.52%
1 Year
-28.77%
View Detailed Chart
Key Data Points
Opening Price
0.605Previous Closing Price
0.606Indicators
The Indicators feature provides value and direction analysis for various instruments under a selection of technical indicators, together with a technical summary.
This feature includes nine of the commonly used technical indicators: MACD, RSI, KDJ, StochRSI, ATR, CCI, WR, TRIX and MA. You may also adjust the timeframe depending on your needs.
Please note that technical analysis is only part of investment reference, and there is no absolute standard for using numerical values to assess direction. The results are for reference only, and we are not responsible for the accuracy of the indicator calculations and summaries.
Neutral
Moving Average
Indicators
Value
Direction
MA5
0.635
Sell
MA10
0.626
Sell
MA20
0.610
Buy
MA50
0.617
Sell
MA100
0.586
Buy
MA200
0.602
Buy
dYdX (ethDYDX) News
Why Does Hyperliquid Keep Hitting New Highs? Can HYPE Continue Its Rally?
Hyperliquid is a decentralized derivatives trading platform launched in 2023, designed to deliver high-performance, low-latency, permissionless trading. Its mission is to offer a self-custodied and transparent experience that rivals, or even surpasses, centralized exchanges (CEXs) — earning it the n
TradingKeyFri, Sep 12
HYPE Hits New All-Time High — Arthur Hayes Predicts 126x Surge Within Three Years
On Wednesday, August 27, the native token of decentralized derivatives exchange Hyperliquid (HYPE) surged over 12%, breaking past the $50 mark and reaching a new all-time high of $51.18.
TradingKeyWed, Aug 27
dYdX Integrates Keplr Wallet Expanding Access to 130+ Markets for Users
dYdX now incorporates Keplr Wallet, allowing users to access over 130 markets with just three clicks.
Live Bitcoin NewsSep 13, 2024
More Details of dYdX (ethDYDX)
dYdX (ethDYDX) is the governance token for the dYdX Layer 2 protocol built on Ethereum. The token allows the dYdX community to govern the protocol. Currently, the ethDYDX token is undergoing a migration from Ethereum to the dYdX Chain, with approximately 75% of all ethDYDX already bridged over and converted into the new DYDX token.
The dYdX Layer 2 protocol utilizes StarkWare's StarkEx scalability engine to increase transaction speed, eliminate gas costs, reduce trading fees, and lower minimum trade sizes compared to Ethereum mainnet. This allows the dYdX protocol to deliver a highly scalable and low-cost trading experience for perpetual futures and other derivatives.
A total of 1 billion ethDYDX tokens were initially minted, with the supply becoming accessible over a 5-year period starting from August 2021. The token allocation was divided between investors, user trading rewards, employees, retroactive rewards, liquidity providers, future hires, the community treasury, and liquidity/safety staking pools. The allocation has been updated over time through various governance proposals.
The dYdX protocol was founded by Antonio Juliano, an experienced programmer with a background in blockchain technology who previously worked at Coinbase. The protocol aims to differentiate itself through its use of advanced scaling technologies like zkSTARKS to enhance the scalability and efficiency of the decentralized trading platform.
What are the key functionalities of the DYDX token?
The primary functions of the DYDX token are:
Staking - Holders can stake their DYDX to participate in securing the dYdX Chain network as validators or delegators. Stakers receive a share of the protocol fees generated on the chain.
Governance - DYDX can be used to vote on important governance proposals that shape the future direction of the dYdX protocol and ecosystem.
Utility - DYDX may be required to access certain features or services on the dYdX Chain, such as paying transaction fees.
Who are the founders of dYdX, and what makes the protocol unique?
Antonio Juliano, an experienced programmer with a background in blockchain technology, is the founder and CEO of dYdX Trading Inc. The protocol is unique in that it uses a form of zero-knowledge rollup technology called zkSTARKS to increase the scalability of the network, allowing for faster transaction speeds, lower gas costs, and reduced trading fees.
How does the migration from ethDYDX to dYdX Chain DYDX work?
Users can migrate their Ethereum-based ethDYDX tokens to the new DYDX tokens on the dYdX Chain through the wethDYDX smart contract. This contract will permanently lock the user's ethDYDX and mint a 1:1 wrapped version called wethDYDX on Ethereum. The dYdX Chain validators can then distribute the corresponding DYDX tokens to the users based on the information recorded in the wethDYDX contract.
What are the key features and utilities of the dYdX Chain DYDX token?
The DYDX token on the dYdX Chain is the new governance token that allows the dYdX community to govern the dYdX Layer 2 Protocol built on Ethereum. The page also directs users to the dYdX Foundation's "Token Mechanics" blog for a detailed overview of the functionalities of the dYdX Chain DYDX token.
What are the benefits of transitioning from ethDYDX to dYdX Chain DYDX?
Migrating to the dYdX Chain DYDX token unlocks expanded functionalities compared to the original ethDYDX token. On the dYdX Chain, DYDX holders can participate in staking to secure the network and earn protocol fees, as well as exercise governance rights over the protocol. The dYdX Chain also provides a more scalable, decentralized, and community-governed platform for the dYdX ecosystem.
How is the initial allocation of ethDYDX tokens distributed?
On the initial allocation of the 1,000,000,000 ethDYDX tokens, which was distributed over a 5-year period starting from August 3, 2021. The allocation includes percentages for investors, user trading rewards, employees and consultants, retroactive rewards, liquidity provider rewards, future employees and consultants, the community treasury, liquidity staking pool, and safety staking pool. The page also notes that the allocation has been updated over time through various governance proposals.
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