dYdX

Top 10 Percentile in at Least One Category Badge

dYdX Info

Explore dYdX's dynamic tokenomics, offering robust DeFi options on a PoS blockchain, optimized by Cosmos SDK and CometBFT technology.

Ticker
$DYDX
Listing Price
$1
Total Supply
1,000,000,000
Niche
  • Exchange
TGE Date
2021-08-03
Tier 2
Tokenomics
Tokenomics
Audited
Investor
Information

Tokenomics Rating

Rank
#660
Percentile
Top 44%
12
5
10

Tokenomics Information

Allocation Distribution

Pool Name
Percentage
Vesting Information
Investors27.73%28m Cliff, 31m Linear Vesting
Trading Rewards18.15%60m Linear Vesting
Employees and Consultants15.27%28m Cliff, 31m Linear Vesting
Retroactive Mining Rewards7.50%100.0% at TGE
Liquidity Provider Rewards7.50%66m Linear Vesting
Future Employees and Consultants7.00%28m Cliff, 31m Linear Vesting
Rewards Treasury6.80%12m Cliff, 48m Linear Vesting
DAO Treasury5.00%100.0% at TGE
Safety Module2.50%15m Linear Vesting
Showing 1-9 out of 11

Category Score
58.15 out of 100
Percentile
Top 63%

Distribution Fairness Indicators

Highlights
3
Warnings
2
Alerts
2

Distribution Fairness

Distribution Fairness Benchmarks

Deviation from Best Performers

Deviation Status

Public Sale
-10.4%
High
Community
+7.5%
Medium
Foundation
-15.3%
High
Insiders
+6.9%
Medium
Investors
+11.3%
High

Deviation from Best Performers

This section analyzes whether the token distribution is balanced by comparing it to best-performing projects in the same niche.

It highlights low, medium, or high deviation levels across stakeholder groups and evaluates how closely the overall allocation aligns with proven benchmarks.

Overall Deviation Status

High

Token Power

Token Power

This section analyzes who holds actual control over the circulating supply year over year, with a focus on early stages where governance risk is highest. It assesses whether the governance power is centralized or decentralized, and flags any dominance by insiders or investors.

Token Control Status

Launch
Decentralized
Year 1
Decentralized
Year 2
Decentralized
Year 3
Centralized
Year 4
Semi-Centralized

Insider Dominance Test

Failed

Investor Dominance Test

Passed

Category Score
34.76 out of 100
Percentile
Top 57%

Economic Policy Indicators

Highlights
2
Warnings
1
Alerts
4

Emission Type

Circulation

Inflation

Here we analyze whether inflation rates are sustainable, how balanced the vesting release schedule, how they compare with top-performing projects annually, and how this inflationary pressure might impact token value.

Year 1 Inflation

63.7%

Year 2 Inflation

45.7%

Year 3 Inflation

226.1%

Year 4 Inflation

24.6%

Inflation YoY

Monthly Supply Shocks

Supply Shocks

Here we track the timing and size of every supply shock, we flag high, mid, and low risk supply shocks, we showcase the exact date of the largest dilution event, and enable a heatmap visualization.

Supply Shocks Counter

0 Low Risk
0 Mid Risk
1 High Risk

Highest Supply Shock

76.1%
at Month 28

Supply Shock Information

Initial Float / Circulating Supply

This section assesses whether the TGE float is appropriately sized, what dilution it introduces, and how it compares to best performing projects. The float is also known as circulating supply and just because tokens are unlocked does not mean they enter circulation.

Initial Float

7.92%

Best Performer Float

12.34%

Team Float Control

100.0%
Low Control
Mid Control
High Control
At launch, the team controls 100.0% of the circulating supply, reducing the real initial float to 0.00%.

Circulating Token Supply (YoY)

Vesting Release Schedule

Category Score
92.73 out of 100
Percentile
Top 3%

Investor Conditions Indicators

Highlights
3
Warnings
1
Alerts
3

Investor Round Details

Investors Terms and Conditions

Here we focus on everything that matters to public and private investors, how the rounds are structured, what your payback looks like at TGE, and how fairly the different rounds are balanced mapping entry price, unlocks, vesting terms, and overall exposure.

Vesting Details

Hover to see the details.
Investors

Target Hardcap

$277.3M
27.7%
72.3%
dYdX is selling 27.7% of its total token supply to investors in order to raise $277.3M in funding.

Break Even Analysis

Here we analyze how balanced private rounds are, which round breaks even first and which breaks even last by tracking cumulative ROI from unlocked tokens against the initial investment, and flag the month when ROI turns positive to define each project's payback period.

Fastest Rounds to Break Even

1
Investors
in 48 months

Who Breaks Even First?

Investors
in 48 months

Break-Even Analysis Chart

Position Exit Risk

Here we evaluate how liquid the tokens are at the time of unlock using the niche trading volume. A higher Exit Risk Factor means that unlocked tokens far outpace market volume, making it harder to exit a position without significant price impact. Think of this as a supply-shock tolerance framework.

Exit Risk at TGE

339.77%

Highest Exit Risk

665.2%
In Month 28

Average Exit Risk

Year 1
18.0%
Year 2
21.2%
Year 3
152.6%
Year 4
54.2%

Position Exit Risk

Category Score
27.84 out of 100
Percentile
Top 72%

Valuation Indicators

Highlights
2
Warnings
2
Alerts
1

Valuation (FDV vs VDV)

We compare investor valuations using both Fully Diluted Valuation (FDV) and Vested Diluted Valuation (VDV) models to assess pricing from two key perspectives.

The round that ranks highest across both valuation models is considered the best-valued round.

Preferred Round

Investors
Best
Out of 1
1
Ranked 1st by VDV
1
Ranked 1st by FDV

Rounds Ranked by FDV

1
Investors
$1.0B FDV

Rounds Ranked by VDV

1
Investors
$767.1M VDV

Investor FDV vs VDV

VDV Valuation Model

Valuation Comparison

This section compares the tokens valuation and performance to other projects within the same niche. It includes ROI benchmarks from the past year, the last 15 launches, and the top 5 competitors.

Niche ROI (Past Year Exchange)

+46.06%

Niche ROI (Last 15 Exchange)

+110.32%

Project FDV Status

Overvalued
Under
Fairly Valued
Over
dYdX is listing at 257.2% higher FDV compared to benchmark listing and current valuation averages.

Valuation Comparison

Category Score
94.49 out of 100
Percentile
Top 7%

Liquidity & Listing Indicators

Highlights
3
Warnings
0
Alerts
0

Market Coverage

Global Market Coverage

Binance logo
Binance

Exchange Rank

Tier 1

Liquidity Score

92.30
Excellent

Exchange Reserves

$144.2B

Past Year Listing ROI

-21.75%

Binance Statistics

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OKX Statistics

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OKX logo
OKX

Exchange Rank

Tier 1

Liquidity Score

73.80
Healthy

Exchange Reserves

$19.1B

Past Year Listing ROI

-67.12%
Bitget logo
Bitget

Exchange Rank

Tier 2

Liquidity Score

66.90
Healthy

Exchange Reserves

$5.6B

Past Year Listing ROI

-71.03%

Bitget Statistics

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MEXC Statistics

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MEXC logo
MEXC

Exchange Rank

Tier 2

Liquidity Score

55.00
Healthy

Exchange Reserves

$4.1B

Past Year Listing ROI

-75.52%
Gate.io logo
Gate.io

Exchange Rank

Tier 2

Liquidity Score

61.90
Healthy

Exchange Reserves

$9.7B

Past Year Listing ROI

-77.23%

Gate.io Statistics

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About dYdX

Delve into the world of dYdX, a leading decentralized finance (DeFi) platform that harnesses the power of the Cosmos SDK to build a scalable, proof-of-stake (PoS) blockchain network. Central to its operation is the $DYDX token, which plays a pivotal role in shaping the platform’s governance, staking, and incentivization structures. The dYdX ecosystem is fortified by the advanced CometBFT consensus mechanism, ensuring both high security and rapid transaction processing. The $DYDX tokenomics framework is designed to enhance user engagement and decentralization, featuring governance voting rights that empower token holders to influence key protocol upgrades and decisions. By staking $DYDX, users can secure the network, earning rewards that further incentivize active participation. This economic model ensures a fair distribution of value and rewards, promoting a self-sustaining financial ecosystem. Technical features of the dYdX Chain ensure robust scalability and seamless integration with a wide range of decentralized applications (dApps). Leveraging Cosmos’ interoperable blockchain technology enables cross-chain communications, expanding dYdX's utility and reach within the digital finance landscape. Market positioning of dYdX highlights its role as a premier, user-centric platform for decentralized trading solutions, providing cutting-edge tools for more efficient capital usage and risk management. With its tokenholders enjoying the benefits of a resilient and scalable infrastructure, dYdX stands at the forefront of the DeFi movement, offering both retail and institutional investors a trustless and transparent trading environment. Discover how dYdX’s strategic use of $DYDX bolsters a vibrant community and cultivates a decentralized future.