dYdXDYDX

The staking and governance coin of dYdX Chain, a blockchain built for trading perpetual futures.

Rank #295Since 2021 (token); dYdX Chain 2023

Price on 31 Oct 2026

C$0.1486 -6.8% since 31 Jul 2026 · 97.6% below its all-time high

The short version

dYdX is a perpetual-futures exchange that runs on its own Cosmos-based blockchain, with dYdX Trading Inc., the dYdX Foundation and a DAO behind it. Since Nov 2025, 75% of net protocol fees fund open-market DYDX buybacks, and the bought coins are staked. Trading has shrunk: perp volume was about US$1.18B in September 2026, and 17 markets were wound down in October. On 31 Oct 2026 one DYDX cost C$0.1486. From 31 Jul 2026 to 31 Oct 2026 its price changed -6.8% in Canadian dollars, and it was 97.6% below its all-time high of C$6.08 set on 7 Mar 2024.^[1]

Checked 31 Oct 2026 · 12 sources · next update about 1 Dec 2026

Price, past year

Past year: high C$0.4984 (11 Nov 2025) · low C$0.1087 (9 Mar 2026) · -64.0%^[1]

Month-end prices (table)

Date	C$	US$
31 Oct 2026	C$0.1485	US$0.1064
30 Sep 2026	C$0.1978	US$0.1390
31 Aug 2026	C$0.1472	US$0.1061
31 Jul 2026	C$0.1539	US$0.1097
30 Jun 2026	C$0.2262	US$0.1593
31 May 2026	C$0.2561	US$0.1856
30 Apr 2026	C$0.2112	US$0.1555
31 Mar 2026	C$0.1338	US$0.0962
28 Feb 2026	C$0.1305	US$0.0955
31 Jan 2026	C$0.2008	US$0.1488
31 Dec 2025	C$0.2348	US$0.1714
30 Nov 2025	C$0.3429	US$0.2445

Daily prices from CoinGecko; C$ converted at the Bank of Canada daily rate. The latest point is live when available. Past prices, not a forecast.

Choose what to see

Key facts

Price, 31 Oct 2026: C$0.1486^[1]
3-month change: -6.8% in C$ (31 Jul 2026 to 31 Oct 2026)^[1]
From its high: 97.6% below its high of C$6.08 (7 Mar 2024)^[1]
Market rank: #295, market value about C$125.6M^[1]
Kind: Native coin · dYdX Chain (its own Cosmos-based network)
Started: 2021 (token); dYdX Chain 2023

Checks: the same 9 questions for every coin

Facts, not a rating

Can an admin key create new coins?NodYdX Chain has no mint module; supply stands at exactly 1B DYDX^[2]

Can anyone freeze or take coins from holders?NoNo freeze, blacklist or seizure function found for holder balances^{[3, 2]}

Can the token's contract code be changed?Not applicableRuns on its own blockchain; its rules change only through network upgrades

Is the supply capped?Yes1B DYDX on chain and no mint module^[2]

Any scheduled unlocks in the next 12 months?NoVesting ended about Jul 2026; nothing scheduled to Oct 2027^[4]

Does a team or foundation hold over 10% of supply?Not disclosedInsiders' 50.4% fully vested, holdings unpublished; Treasury SubDAO stakes 90.0M (9%)^{[4, 5]}

Do network fees reach coin holders?Yes75% of net protocol fees fund DYDX buybacks, and the bought DYDX is staked^{[3, 5]}

Main network hacked or halted in the past 2 years?NoNo exploit in DefiLlama's records since the Nov 2023 insurance-fund loss^[6]

Is a regulator or court case targeting the coin itself?NoNo live regulator or court case naming dYdX found^[7]

Each answer is a fact with a source, not a score. What each check means.

Who controls it

Run by: dYdX Trading Inc., dYdX Foundation and DAO; the Treasury SubDAO is operated by KPK^{[3, 5]}
Validators: Set cut from 31 to 21 in Sep 2026 (Proposal #396); Figment wound down its dYdX operations^[5]
Backers: a16z, Polychain, Bain Capital Crypto, Dragonfly and others; US$22M across 2017-2021 rounds listed^[3]

Supply

In circulation: 846.09M DYDX of a 1.00B maximum (84.6%)^[1]
Fully diluted value: 1.13 times its current market value^[1]
Supply: 1B DYDX on dYdX Chain, which has no mint module^[2]
Insiders at launch: 50.4% (investors 27.9%, employees 15.4%, future employees 7.1%); vesting ended about Jul 2026^[4]
Treasury SubDAO: About 90.04M DYDX staked at the end of Sep 2026^[5]

Use and fees

Buybacks: Sep 2026: 1,080,989 DYDX bought for US$128,890; over 22M bought since Apr 2025^{[5, 8]}
Fees: US$4.31M in the past year, all counted by DefiLlama as holder revenue^[9]
Volume: About US$1.18B of perpetual-futures volume in September 2026^[5]

Trading

Daily trading: About C$5.4M a day on average, 31 Jul 2026 to 31 Oct 2026^[1]
Daily turnover: Typically 3.36% of its market value changes hands each day^[1]
20-week average: 14.0% below its 20-week average price^[1]
1-year change: -65.8% in C$^[1]^[10]

History

Not a forecast

Coins ranked 201-500 at this point in past cycles (12-14 months after a Bitcoin peak), one year later: 8,067 cases, 1,187 coins

33% were higher a year later^[11]

Typical result: Median -38% after a year; 33% higher after two years
Lost half or more: 44% within a year
Against Bitcoin: 11% did better than Bitcoin over the year

History, not a forecast.

Red flags and things to watch

No red flags found

Monthly buyback budgets fell from US$209.7K in Jan 2026 to US$76.7K in Jun 2026.^[8]
dYdX wound down 15 markets in Jul, 21 in Aug and 17 in Oct 2026.^[12]
SEC staff said on 25 Sep 2026 that announcing a buyback of a non-security asset does not by itself imply managerial efforts.^[5]

Checked: admin keys, contract upgrades, unlocks, insider supply, hacks, legal actions and claims against records.

Sources and dates

Facts as of 31 Oct 2026. Prices from CoinGecko in Canadian and US dollars; US$ figures without a C$ price are converted at 1.3976 C$ per US$.