dYdX: price, market cap and how it did against Bitcoin
Bottom line
dYdX closed at $0.1058 on 4 November 2026, with a market capitalisation of $86.3M (rank 296). On 30 October 2026 it was below its 200-day average of $0.1316, which is rising. Over 90 days it is 28.5 percentage points behind Bitcoin. DEX as a theme is +0.6% against Bitcoin over 13 weeks.
Price
$0.1058
as of 2026-11-04
Market cap
$86.3M
snapshot 2026-11-04
vs Bitcoin · 90d
−28.5 pts
as of 2026-10-30
30-day median volume
$3.1M
as of 2026-10-30
What it is · from the data we hold
What is dYdX?
dYdX is a crypto token that CoinGecko lists under decentralized exchange (DEX), smart contract platform and exchange-based tokens. We place it in the DEX theme, with 38 coins. Its highest daily close since 12 November 2021 was $15.68 on 23 November 2021; its lowest was $0.07998 on 8 March 2026.
01 · the tape, against its benchmark
How has dYdX moved against Bitcoin?
dYdX is -64.3% over one year, -5.2% over 90 days and -24.7% over 30 days. Annualised 30-day volatility is 69%. Its deepest fall from a high inside the last 90 days is 30%. It trades below its 200-day average, which is rising.
DYDX · rebasedBitcoinDEX · equal weight
All three lines rebased to 100 at the first week each has data. Bitcoin is the opportunity-cost benchmark for crypto risk; the theme line is its equal-weight index of current rated members.
02 · returns, volatility and drawdown
What do dYdX's returns and risk look like?
7 days-4.0%
30 days-25%
90 days-5.2%
180 days-25%
1 year-64%
30-day volatility69% annualised
Deepest 90-day fall30%
200-day average$0.1316 · below · rising
50-day average$0.1267
03 · what the protocol actually earns
Does dYdX generate fees or revenue?
dYdX has no complete calendar-quarter series on file yet, so no quarterly chart is drawn. DefiLlama does publish recent daily figures for it, and the last 30 and 90 days are shown below with their end date. Network activity is evidence about the protocol, not earnings owed to the token.
Fees, last 30 days$246.9K
Revenue, last 30 days$246.9K
Fees, last 90 days$792.2K
Revenue, last 90 days$792.2K
Paid to token holders, last 30 days$246.9K
Paid to token holders, last 90 days$792.2K
Source: DefiLlama, daily figures summed to 2026-10-30. Fees are what users paid; revenue is the part the protocol keeps. Paid to token holders is the share of revenue DefiLlama counts as going to holders, through buybacks, burns or staking payouts. Fees and revenue are summed across 2 of its products on DefiLlama.
No complete calendar-quarter series is on file yet for dYdX; the recent figures above are what DefiLlama publishes today.
04 · exact additive research priority
What does the evidence say about dYdX?
dYdX scores 39.4 out of 100 inside DEX, ranked 24 of 30 rated coins on 50% evidence. The four displayed point contributions add exactly to the total; missing evidence pulls only the affected factor toward neutral and lowers its stated coverage. It ranks research attention within one theme, never portfolio action, and it is not comparable across themes.
What it means: Mostly a price reading: less than half of this score rests on the network's own use (fees, users, deposits), so it says little about the project itself yet.
7.2/35Price leadership
vs Bitcoin (90 days): −28.5 pts · vs its theme (30 days): −5.3 pts · below its 200-day average
100% evidence
15.0/30Usage growth
Fees — · revenue — · users —
0% evidence
10.0/20Value capture
Fee yield — · revenue yield —
0% evidence
7.2/15Liquidity & risk
Typical daily trading: $3.1M · price swings: 68.6% a year
100% evidence
This weakens if: The read weakens if 90-day strength against Bitcoin falls below zero with two weekly closes below the 200-day average, or native activity contracts for two complete calendar quarters.
No valuation section exists on this page, for any coin. There is no company-style P/E or PEG for a token, and historical market capitalisation is not held at all, only a dated current snapshot, so no ten-year valuation band can be built honestly. Where a protocol publishes fees or revenue, the yield against that dated snapshot is shown above instead.
05 · the theme it competes in
How does dYdX compare with other DEX coins?
dYdX is one of 38 DEX coins here, 30 of which carry enough evidence to be rated and ranked. dYdX ranks 24 of those 30 on 50% evidence. The table below is the theme's own scorecard, in its own order, with this coin marked.
The DEX scorecard in its own order, with this coin marked. Scores are within-theme and are not comparable with coins in another theme. See the full DEX page.
Which crypto lists is dYdX on?
dYdX is on one of our crypto lists: Altcoins (Layer 1 coins). Every coin we track is in the full ranking on Cryptocurrencies by market cap. List membership comes from CoinGecko's categories and market-cap rank, never from a hand-picked list.
Next to it by size · every coin with a page
Which coins are closest to dYdX in market cap?
dYdX is number 185 by market cap among the 604 coins with a page on this site. The 4 just larger and the 4 just smaller are listed here, each with its theme, so the comparison crosses themes. Market cap is the snapshot dated 2026-11-04.
This page names 5 ways its own evidence about dYdX can mislead, all listed below. The largest is that crypto network activity is not company earnings: protocol revenue does not automatically accrue to token holders. Price runs through 2026-11-04; market capitalisation is a separate snapshot dated 2026-11-04.
Crypto network activity is not company earnings. Protocol revenue does not automatically accrue to token holders.
Market capitalisation is a dated snapshot, not a point-in-time historical supply series, so yields computed against it inherit that lag.
No valuation band exists for any coin: historical market capitalisation is not held at all.
Funding rates, open interest, liquidations, exchange flows, unlock schedules and developer activity are not held and are not inferred.
The research score is relative to this coin's own theme only. It is not comparable across themes and is not an entry signal.
Price and technicalsPrice through 2026-11-04; moving averages and returns through 2026-10-30, from exchange closes; moving averages are computed, never scraped.
Protocol activityNone published for this token.
Market capSnapshot dated 2026-11-04; no historical supply series is implied.
Decision useResearch priority within one theme. Not entry, exit, sizing or leverage instructions.
Questions the page should answer directly
Crypto analysis FAQs
These 8 answers cover the questions this page can settle from data it holds: what the category is, how the score is built, what the coverage gaps are, and what would change the read. Every answer below is also present in the page’s FAQ schema and in its plain-text rendition. None of them is a recommendation.
What is dYdX?
dYdX is a crypto token that CoinGecko lists under decentralized exchange (DEX), smart contract platform and exchange-based tokens. We place it in the DEX theme, with 38 coins. Its highest daily close since 12 November 2021 was $15.68 on 23 November 2021; its lowest was $0.07998 on 8 March 2026.
What is the market cap of dYdX?
dYdX's market capitalisation is $86.3M, ranking it 296 in the top-1,000 crypto universe, read on 4 November 2026. It is refreshed separately from the daily price.
Is dYdX beating Bitcoin?
Over 90 days dYdX is 28.5 percentage points behind Bitcoin: its own return minus Bitcoin's. Its theme, DEX, is +0.6% against Bitcoin over 13 weeks. dYdX trades below its 200-day average as of 4 November 2026.
What is dYdX's highest price?
The highest daily close we hold for dYdX is $15.68, on 23 November 2021, in records from 12 November 2021. The lowest is $0.07998, on 8 March 2026. The close on 4 November 2026, $0.1058, is 99% below that high.
Does dYdX have a P/E ratio?
No. There is no company-style P/E or PEG for a crypto token, and no valuation band is shown on this page because the data to build one honestly does not exist: historical market capitalisation is not held, only a current snapshot. Where a protocol publishes fees or revenue, this page shows the yield against that dated snapshot instead.
What is dYdX's research score?
39.4/100 within DEX, ranked 24 of 30 rated DEX coins, on 50% evidence: 7.2 + 15.0 + 10.0 + 7.2 = 39.4. It is labelled “Thinly traded”. The score ranks research attention inside one theme, never portfolio action.
How much dYdX history does this page show?
Five years of weekly closes where they exist, plus 20 complete calendar quarters of on-chain activity for the metrics dYdX actually publishes. No complete quarterly series is on file for this token yet; DefiLlama's last 30 and 90 days are shown instead.
How much did dYdX earn in the last 30 days?
In the 30 days to 30 October 2026, DefiLlama shows $246.9K of fees and $246.9K of protocol revenue for dYdX. Over 90 days: $792.2K of fees and $792.2K of revenue. Fees are what users paid; revenue is the part the protocol keeps.