DYDX
DYDX
$3.15

Sector

DEX

Exchange Debut

2021-10-09

Market Cap

1,342,843,535

Maxim Supply

1,000,000,000

Circulating Supply

425,995,103

Circ. Supply(%)

42.60%
DYDX

DYDX

DYDX

Price

$3.15

Market Cap

Sector

Exchange Debut

1,342,843,535
2021-10-09

Volume 24h

High 24h

Low 24h

366430
3.266801835723
2.998433089097

Change 24h

Change 7d

Change 30d

-0.7371
-0.9923
9.4929

Maxim supply

Circulating supply

Circulating supply(%)

1,000,000,000
425,995,103
42.60%

The opinion of artificial intelligence (AI), based on the fundamental analysis of the DYDX cryptocurrency:

In our fundamental analysis of the DYDX cryptocurrency, we’ve concluded that DYDX is a unique decentralized trading platform that leverages Ethereum blockchain’s smart contracts, eliminating the need for intermediaries. With a comprehensive analysis score of 7.29 out of 10, DYDX introduces an enticing investment prospect, albeit accompanied by certain risks.

One of the vital aspects of the fundamental analysis of the DYDX cryptocurrency is the audit and security evaluation. Here, DYDX doesn’t fare well, securing a lowly 4.65 out of 10. This is primarily due to the unfavorable audit outcomes, which scored a mere 3 out of 10. Such low security scores pose a considerable risk for potential investors, as poor security could result in substantial financial losses.

Token Economy

Examining the token economy, DYDX scored 4.4 out of 10. The inflationary nature of the project is the main contributor to this score, with an annual inflation score of just 2 out of 10. Despite this, the monetary mass centralization did secure a decent score of 7 out of 10, hinting at possible long-term stability.

Partners and investors

When considering the partners and investors criterion in our fundamental analysis of the DYDX cryptocurrency, we see a promising score of 8.5 out of 10. The project earned high marks for its number and caliber of investors (9 out of 10) and the number and quality of partners (8 out of 10). These scores suggest that DYDX is well-positioned to attract additional investors and partners for sustained growth.

The product and utility criterion, meanwhile, received an impressive score of 9 out of 10. This high score denotes the project’s substantial utility value, which is reflected in its status as the leading decentralized exchange (DEX) in the market and the usefulness of its tokens within the DYDX ecosystem. These factors could significantly contribute to drawing in investors and ensuring the project’s long-term success.

Fundamental analysis of DYDX cryptocurrency – The final conclusion

In conclusion, our fundamental analysis of the DYDX cryptocurrency suggests that while there are attractive investment opportunities, potential investors should remain aware of the associated risks, particularly regarding audit and security outcomes. Nevertheless, the project shows substantial promise in terms of ecosystem development, partnerships, and product utility. Hence, prospective investors are advised to carefully consider these factors and conduct additional research before deciding to invest in the DYDX project.

DYDX is a leading decentralized exchange that currently supports perpetual trading. dYdX runs on smart contracts on the Ethereum blockchain, and allows users to trade with no intermediaries.

Few have access to advanced tools & products in the existing financial system. They believe in empowering more traders, in more places, with powerful, transparent, and fair financial products.

DYDX building a powerful and professional exchange for trading perpetuities. While trading on their platform, traders enjoy the security, privacy and decentralization benefits of Starkware zero-knowledge proofs.
Layer 2: ZK-Rollups
Trades are settled in an L2 (layer-2) system, which publishes ZK (zero-knowledge) proofs periodically to an Ethereum smart contract in order to prove that state transitions within L2 are valid. Funds must be deposited to the Ethereum smart contract before they can be used to trade on dYdX.
By settling trades on L2, the exchange is able to offer much higher trade throughput and lower minimum order sizes, compared with systems settling trades directly on Ethereum (i.e. L1). This is achieved while maintaining decentralization, and the exchange is fully non-custodial.
The L2 system was developed with, and is operated jointly with, Starkware. More information about the L2 design can be found in Starkware’s documentation.

Founders:

Antonio Juliano — an experienced programmer with a background in blockchain technology is the founder and CEO of DYDX. He first entered the crypto space in 2015 upon getting a job as a software engineer at Coinbase — a cryptocurrency exchange platform. As a Princeton University graduate with a degree in computer science, Antonio Juliano embarked on his entrepreneurial journey and founded dYdX in early 2017 .
Zhuoxun Yin is head of operations at dYdX. Не previously worked at Nimble — a social sales and marketing CRM and Bain & Company — a consulting service. Zhuoxun Yin studied at University of Queensland and has a bachelor’s degree in commerce.

Fundamental analysis of the DYDX cryptocurrency

DYDX - DYDX performance

GENERAL CRITERIA:

Score

SOCIAL & MASS MEDIA
0
AUDIT & SECURITY
0
TOKENOMICS
0
ECOSYSTEM DEVELOPMENT
0
TEAM & DEVELOPERS
0
PRODUCT & UTILITY
0
PARTNERS & INVESTORS
0
Content description – Go to Metholodogy

Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.

Audit & Security In particular, the team looks if the project is audited, how extensive the audit is,  at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.

Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.

Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.

Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.

Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.

Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.

Go to Methodology

Content description

Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.

Audit & Security In particular, the team looks if the project is audited, how extensive the audit is,  at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.

Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.

Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.

Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.

Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.

Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.

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