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The platform initially sourced liquidity from 0x until decided to build its <a href=\"https://www.theblockcrypto.com/linked/45762/dydx-will-soon-discontinue-support-for-0x-based-markets\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">own order book</a> in late 2019. In 2020 the project decided to move into perpetual driven by the explosion of volume on perpetual led by Bitmex. The moves made dYdX the first project who build a perpetual platform in the form of DEX.&nbsp;&nbsp;&nbsp;</li></ul>\n\n\n\n<h2>Key Metrics</h2>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td>Ticker</td><td>DYDX</td></tr><tr><td>Token Name</td><td>dYdX</td></tr><tr><td>Token Type/Protocol</td><td>ERC20</td></tr><tr><td>Total Token Supply</td><td>1,000,000,000</td></tr><tr><td>Current Circulating Supply&nbsp;</td><td>See <a href=\"https://coinmarketcap.com/currencies/dydx/\" target=\"_blank\" rel=\"noreferrer noopener\">Coinmarketcap</a></td></tr><tr><td>Market Capitalisation</td><td>See <a href=\"https://coinmarketcap.com/currencies/dydx/\" target=\"_blank\" rel=\"noreferrer noopener\">Coinmarketcap</a> </td></tr><tr><td>Token Creation Date</td><td>July 2021</td></tr><tr><td>Can it be mined?</td><td>No</td></tr></tbody></table></figure>\n\n\n\n<h2>Who is behind dYdX? </h2>\n\n\n\n<p>dYdX was first founded in 2017 by Antonio Juliano, a Princeton computer science graduate and a former software engineer at Uber and Coinbase. A16z and Polychain were the first investors to the project with a $2 million seed round and $10 million series A.&nbsp;In July 2021, dYdX Foundation was formed with council members including Arthur Cheong, Rebecca Rettig, and Markus Spillman.&nbsp; &nbsp;&nbsp;</p>\n\n\n\n<h2>What is the purpose of dYdX? </h2>\n\n\n\n<p>DYDX is the governance token of the dYdX platform to enable decentralized governance by the token holders. The token can be used to participate in some staking pools to receive staking rewards from liquidity mining, and also receive trading fee discounts to trade on the dYdX DEX.&nbsp;</p>\n\n\n\n<h2>Insights:</h2>\n\n\n\n<ul><li>dYdX is as of March 2022, among the most widely adopted DeFi protocol with around $2.6 billion daily trading volume and $960 million open interest.</li><li>Starkware smart contract that is used by dYdX has been audited by <a href=\"https://github.com/starkware-libs/starkex-contracts/blob/master/audit/StarkPerpetual_v1.0_Audit_Report.pdf\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">PeckShield</a> with no major vulnerabilities found.</li></ul>\n\n\n\n<h2>Risks:</h2>\n\n\n\n<ul><li>As a DApp, dYdX value is highly dependent on the usage of the platform. There is a risk that the product dYdX currently has is becoming less attractive in the future due to innovation from other platforms or user behavior change. Hence, the platform needs to anticipate where the user preferences are heading and prepare necessary product innovations to maintain the market share.  </li><li>dYdX is a decentralized exchange, however, the platform is actually not fully decentralized yet. There is still a central point of control from the team developing the project. Efforts to make the platform fully decentralized are ongoing and implementation is expected <a href=\"https://cointelegraph.com/news/dydx-outline-plans-for-full-decentralization-in-late-2022\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">to occur in late 2022</a>. </li></ul>\n\n\n\n<h2>News and Updates:</h2>\n\n\n\n<ul><li>In March 2022, dYdX is an opening whitelist for beta testing of the new app on iOs.</li><li>dYdX in mid-January announced a reduction in the platform trading fees for as low as 0.020% for single-maker types of trades for tier I users. That is a 66% reduction from the previous structure to make the platform more competitive. The fee structure is planned to be revisited every three months. </li><li>dYdX is at the time of writing, as of March 2022, looking to expand to <a href=\"https://twitter.com/dydxfoundation/status/1502111178264551428?s=20&amp;t=QLhDcDdWUyATd2Nqrmj8bg\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">several regions</a> such as Japan, India, South Korea, and Southeast Asia. </li></ul>\n\n\n\n<h2>Community &amp; Whitepaper Links:</h2>\n\n\n\n<p class=\"coin-info__links\"><strong>Official Website:</strong> <a href=\"https://dydx.exchange/\">https://dydx.exchange/</a>&nbsp;<br><strong>White Paper:</strong> <a href=\"https://docs.dydx.exchange/#general\">https://docs.dydx.exchange/#general</a>&nbsp;</p>\n\n\n\n<p></p>\n\n\n\n<p><strong>Disclaimer :&nbsp;</strong></p>\n\n\n\n<p>All investment is speculative and involves substantial risk and uncertainty. Investors should understand the nature of digital assets including the terms of return and the risk of assets. We encourage investors to fully understand the assets and the risk associated with them prior to making any investment.&nbsp;&nbsp;</p>\n","seo":{"title":"Buy dYdX - Purchase DYDX Instantly | Zipmex","metaDesc":"Buy dYdX (DYDX) swiftly and securely with Asia’s fastest growing digital assets investment platform. Sign up to trade with low fees."},"categories":{"nodes":[{"slug":"listed-coin"}]},"acfCoinInfo":{"ciHomeFullName":"dYdX","ciTickerSymbol":"DYDX","ciIcon":{"localFile":{"publicURL":"/static/8bb26f18d5b1dda95053ece790c2135f/DYDX.svg"}},"websiteLink":"https://dydx.exchange/","whitepaperLink":"https://docs.dydx.exchange/#general","detailedRuleLink":null}},"otherCoinInfos":{"nodes":[{"slug":"glmr","excerpt":"<p>Moonbeam is an Ethereum-compatible smart contract parachain on Polkadot that makes it easy to build natively interoperable applications.</p>\n","acfCoinInfo":{"ciHomeFullName":"Moonbeam","ciTickerSymbol":"GLMR","ciHomeFeaturedImage":{"localFile":{"childImageSharp":{"gatsbyImageData":{"layout":"constrained","backgroundColor":"#083848","images":{"fallback":{"src":"/static/959c40e1c17ec1077a40b5808141780f/03e84/Moonbeam-website-banner.png","srcSet":"/static/959c40e1c17ec1077a40b5808141780f/e2842/Moonbeam-website-banner.png 100w,\n/static/959c40e1c17ec1077a40b5808141780f/294d3/Moonbeam-website-banner.png 200w,\n/static/959c40e1c17ec1077a40b5808141780f/03e84/Moonbeam-website-banner.png 400w","sizes":"(min-width: 400px) 400px, 100vw"},"sources":[{"srcSet":"/static/959c40e1c17ec1077a40b5808141780f/9f21a/Moonbeam-website-banner.webp 100w,\n/static/959c40e1c17ec1077a40b5808141780f/752c3/Moonbeam-website-banner.webp 200w,\n/static/959c40e1c17ec1077a40b5808141780f/02841/Moonbeam-website-banner.webp 400w","type":"image/webp","sizes":"(min-width: 400px) 400px, 100vw"}]},"width":600,"height":369}}}}}},{"slug":"egld","excerpt":"<p>Elrond hopes to be the next internet-scale blockchain by creating a high-throughput blockchain.</p>\n","acfCoinInfo":{"ciHomeFullName":"ELROND","ciTickerSymbol":"EGLD","ciHomeFeaturedImage":{"localFile":{"childImageSharp":{"gatsbyImageData":{"layout":"constrained","backgroundColor":"#080808","images":{"fallback":{"src":"/static/7b78a596564fede79e653753f817c0d2/03e84/ELROND-Coin.png","srcSet":"/static/7b78a596564fede79e653753f817c0d2/e2842/ELROND-Coin.png 100w,\n/static/7b78a596564fede79e653753f817c0d2/294d3/ELROND-Coin.png 200w,\n/static/7b78a596564fede79e653753f817c0d2/03e84/ELROND-Coin.png 400w","sizes":"(min-width: 400px) 400px, 100vw"},"sources":[{"srcSet":"/static/7b78a596564fede79e653753f817c0d2/9f21a/ELROND-Coin.webp 100w,\n/static/7b78a596564fede79e653753f817c0d2/752c3/ELROND-Coin.webp 200w,\n/static/7b78a596564fede79e653753f817c0d2/02841/ELROND-Coin.webp 400w","type":"image/webp","sizes":"(min-width: 400px) 400px, 100vw"}]},"width":600,"height":369}}}}}},{"slug":"rune","excerpt":"<p>THORChain is a decentralized liquidity protocol developed to enable the exchange of native assets across different blockchains.</p>\n","acfCoinInfo":{"ciHomeFullName":"THORChain","ciTickerSymbol":"RUNE","ciHomeFeaturedImage":{"localFile":{"childImageSharp":{"gatsbyImageData":{"layout":"constrained","backgroundColor":"#182828","images":{"fallback":{"src":"/static/19eb3585fd052e1618b065ea72484924/03e84/THORChain-RUNE.png","srcSet":"/static/19eb3585fd052e1618b065ea72484924/e2842/THORChain-RUNE.png 100w,\n/static/19eb3585fd052e1618b065ea72484924/294d3/THORChain-RUNE.png 200w,\n/static/19eb3585fd052e1618b065ea72484924/03e84/THORChain-RUNE.png 400w","sizes":"(min-width: 400px) 400px, 100vw"},"sources":[{"srcSet":"/static/19eb3585fd052e1618b065ea72484924/9f21a/THORChain-RUNE.webp 100w,\n/static/19eb3585fd052e1618b065ea72484924/752c3/THORChain-RUNE.webp 200w,\n/static/19eb3585fd052e1618b065ea72484924/02841/THORChain-RUNE.webp 400w","type":"image/webp","sizes":"(min-width: 400px) 400px, 100vw"}]},"width":600,"height":369}}}}}},{"slug":"ape","excerpt":"<p>ApeCoin is the famous NFT project, Bored Ape Yacht Club (BAYC)’s native token. It works as a utility and government token powering the APE ecosystem.</p>\n","acfCoinInfo":{"ciHomeFullName":"ApeCoin","ciTickerSymbol":"APE","ciHomeFeaturedImage":{"localFile":{"childImageSharp":{"gatsbyImageData":{"layout":"constrained","backgroundColor":"#080818","images":{"fallback":{"src":"/static/51ac8746e5d9954d5e3939b247b0a402/03e84/APE.png","srcSet":"/static/51ac8746e5d9954d5e3939b247b0a402/e2842/APE.png 100w,\n/static/51ac8746e5d9954d5e3939b247b0a402/294d3/APE.png 200w,\n/static/51ac8746e5d9954d5e3939b247b0a402/03e84/APE.png 400w","sizes":"(min-width: 400px) 400px, 100vw"},"sources":[{"srcSet":"/static/51ac8746e5d9954d5e3939b247b0a402/9f21a/APE.webp 100w,\n/static/51ac8746e5d9954d5e3939b247b0a402/752c3/APE.webp 200w,\n/static/51ac8746e5d9954d5e3939b247b0a402/02841/APE.webp 400w","type":"image/webp","sizes":"(min-width: 400px) 400px, 100vw"}]},"width":600,"height":369}}}}}}]}},"pageContext":{"lang":"en","footerMenus":"[{\"slug\":\"about-us-global\",\"acfMenu\":{\"menuTitle\":\"About Us\"},\"menuItems\":{\"nodes\":[{\"id\":\"cG9zdDoxMDg1Ng==\",\"label\":\"About\",\"url\":\"/about-us/\",\"cssClasses\":[],\"target\":null},{\"id\":\"cG9zdDoxMDg1Nw==\",\"label\":\"Terms and Conditions\",\"url\":\"/terms-and-conditions/\",\"cssClasses\":[],\"target\":null},{\"id\":\"cG9zdDoxNDQxMTc=\",\"label\":\"ZipUp+ Terms and Conditions\",\"url\":\"/earn-terms-conditions/\",\"cssClasses\":[],\"target\":null},{\"id\":\"cG9zdDoxMDg1OA==\",\"label\":\"Privacy Policy\",\"url\":\"/privacy-policy/\",\"cssClasses\":[],\"target\":null},{\"id\":\"cG9zdDoxMDg1OQ==\",\"label\":\"In the Media\",\"url\":\"/news/\",\"cssClasses\":[],\"target\":null},{\"id\":\"cG9zdDoyOTAxNg==\",\"label\":\"Careers\",\"url\":\"https://zipmex.bamboohr.com/jobs/\",\"cssClasses\":[],\"target\":null},{\"id\":\"cG9zdDoxMTM3MTQ=\",\"label\":\"Risk Warning\",\"url\":\"https://zipmex.com/risk-warning-digital-token-services/\",\"cssClasses\":[],\"target\":null}]}},{\"slug\":\"mobile-global\",\"acfMenu\":{\"menuTitle\":\"Mobile\"},\"menuItems\":{\"nodes\":[{\"id\":\"cG9zdDoxMDg4MA==\",\"label\":\"iOS\",\"url\":\"https://zipmex.onelink.me/8NSq/15940e3a\",\"cssClasses\":[],\"target\":\"_blank\"},{\"id\":\"cG9zdDoxMDg4MQ==\",\"label\":\"Android\",\"url\":\"https://zipmex.onelink.me/8NSq/15940e3a\",\"cssClasses\":[],\"target\":null}]}},{\"slug\":\"products-global\",\"acfMenu\":{\"menuTitle\":\"Products\"},\"menuItems\":{\"nodes\":[{\"id\":\"cG9zdDoxMDg4Mw==\",\"label\":\"Trade\",\"url\":\"https://trade.zipmex.com/exchange/\",\"cssClasses\":[],\"target\":\"_blank\"},{\"id\":\"cG9zdDoyNDY4Mw==\",\"label\":\"Earn\",\"url\":\"/earn/\",\"cssClasses\":[],\"target\":null},{\"id\":\"cG9zdDoyNDczNQ==\",\"label\":\"ZMT\",\"url\":\"/zmt/\",\"cssClasses\":[],\"target\":null}]}},{\"slug\":\"support-global\",\"acfMenu\":{\"menuTitle\":\"Support\"},\"menuItems\":{\"nodes\":[{\"id\":\"cG9zdDoxMDg4Ng==\",\"label\":\"Support Center\",\"url\":\"/support/\",\"cssClasses\":[],\"target\":null},{\"id\":\"cG9zdDoxMDg4Nw==\",\"label\":\"Announcements\",\"url\":\"/announcements/\",\"cssClasses\":[],\"target\":null},{\"id\":\"cG9zdDoxMDg4OA==\",\"label\":\"Contact Us\",\"url\":\"/contact-us/\",\"cssClasses\":[],\"target\":null},{\"id\":\"cG9zdDoxMDg4OQ==\",\"label\":\"Fees\",\"url\":\"/fee-schedule/\",\"cssClasses\":[],\"target\":null},{\"id\":\"cG9zdDozMjc3MQ==\",\"label\":\"Get updates\",\"url\":\"https://communications.zipmex.com/\",\"cssClasses\":[],\"target\":null},{\"id\":\"cG9zdDozNTk2MA==\",\"label\":\"Learn\",\"url\":\"/learn/\",\"cssClasses\":[],\"target\":null},{\"id\":\"cG9zdDo0NTk5OQ==\",\"label\":\"Corporate Account Creation\",\"url\":\"https://corp-onboarding.zipmex.com/\",\"cssClasses\":[],\"target\":null},{\"id\":\"cG9zdDoxNDMxOTA=\",\"label\":\"Apply To List\",\"url\":\"https://zipmex.com/zipmex-labs-application-form/\",\"cssClasses\":[],\"target\":null}]}}]","latestPosts":"[{\"title\":\"What is CBDC? 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