# dYdX

> Track dYdX's fees, revenue, TVL and active users with daily on-chain data across 3 chains. Compare dYdX with other derivative exchanges. Updated daily.

Source: [dYdX on Token Terminal](https://tokenterminal.com/explorer/projects/dydx). This page has no metric values. For current values, use the [Token Terminal API](https://tokenterminal.com/docs/api-reference/introduction) or the [MCP server](https://tokenterminal.com/docs/mcp/introduction).

- Token: DYDX
- Sectors: Derivative exchanges
- Chains: dydx, ethereum, starkex

## About

### What it is

dYdX is a non-custodial trading and derivatives protocol initially built on Ethereum and later expanded to their own blcokchain built on top of the Cosmos SDK. dYdX was founded by Antonio Juliano and launched in 2017.

### Who uses it

DYDX tokenholders own and govern the protocol. dYdX Trading Inc. currently takes all of the total trading fees paid by traders (revenue). dYdX’s investors include a16z, Polychain, The Spartan Group, etc.

### How it works

Market makers offer trades through order book & make money on bid-ask spreads (supply-side fees).

## Metrics

Token Terminal tracks these metrics for dYdX daily. Each page has a chart with the full history.

- [Price](https://tokenterminal.com/explorer/projects/dydx/metrics/price)
- [Fully diluted market cap](https://tokenterminal.com/explorer/projects/dydx/metrics/market-cap-fully-diluted)
- [Circulating market cap](https://tokenterminal.com/explorer/projects/dydx/metrics/market-cap-circulating)
- [Token trading volume](https://tokenterminal.com/explorer/projects/dydx/metrics/token-trading-volume)
- [Token turnover (fully diluted)](https://tokenterminal.com/explorer/projects/dydx/metrics/token-turnover-fully-diluted)
- [Token turnover (circulating)](https://tokenterminal.com/explorer/projects/dydx/metrics/token-turnover-circulating)
- [Token holders](https://tokenterminal.com/explorer/projects/dydx/metrics/tokenholders)
- [Circulating supply](https://tokenterminal.com/explorer/projects/dydx/metrics/token-supply-circulating)
- [Staking market cap](https://tokenterminal.com/explorer/projects/dydx/metrics/staking-market-cap)
- [Number of validators](https://tokenterminal.com/explorer/projects/dydx/metrics/number-of-validators)
- [Bridge deposits](https://tokenterminal.com/explorer/projects/dydx/metrics/bridge-deposits)
- [Total value locked](https://tokenterminal.com/explorer/projects/dydx/metrics/tvl)
- [Notional trading volume](https://tokenterminal.com/explorer/projects/dydx/metrics/notional-trading-volume)
- [Fees](https://tokenterminal.com/explorer/projects/dydx/metrics/fees)
- [Supply-side fees](https://tokenterminal.com/explorer/projects/dydx/metrics/fees-supply-side)
- [Revenue](https://tokenterminal.com/explorer/projects/dydx/metrics/revenue)
- [Expenses](https://tokenterminal.com/explorer/projects/dydx/metrics/expenses)
- [Token incentives](https://tokenterminal.com/explorer/projects/dydx/metrics/token-incentives)
- [Earnings](https://tokenterminal.com/explorer/projects/dydx/metrics/earnings)
- [P/F ratio (fully diluted)](https://tokenterminal.com/explorer/projects/dydx/metrics/pf-fully-diluted)
- [P/F ratio (circulating)](https://tokenterminal.com/explorer/projects/dydx/metrics/pf-circulating)
- [P/S ratio (fully diluted)](https://tokenterminal.com/explorer/projects/dydx/metrics/ps-fully-diluted)
- [P/S ratio (circulating)](https://tokenterminal.com/explorer/projects/dydx/metrics/ps-circulating)
- [Active users (daily)](https://tokenterminal.com/explorer/projects/dydx/metrics/user-dau)
- [Active users (weekly)](https://tokenterminal.com/explorer/projects/dydx/metrics/user-wau)
- [Active users (monthly)](https://tokenterminal.com/explorer/projects/dydx/metrics/user-mau)
- [Active addresses (daily)](https://tokenterminal.com/explorer/projects/dydx/metrics/active-addresses-daily)
- [Active addresses (weekly)](https://tokenterminal.com/explorer/projects/dydx/metrics/active-addresses-weekly)
- [Active addresses (monthly)](https://tokenterminal.com/explorer/projects/dydx/metrics/active-addresses-monthly)
- [Core developers](https://tokenterminal.com/explorer/projects/dydx/metrics/active-developers)
- [Code commits](https://tokenterminal.com/explorer/projects/dydx/metrics/code-commits)
- [Transaction count](https://tokenterminal.com/explorer/projects/dydx/metrics/transaction-count)
- [Transactions per second](https://tokenterminal.com/explorer/projects/dydx/metrics/transactions-per-second)
- [Average transaction fee](https://tokenterminal.com/explorer/projects/dydx/metrics/transaction-fee-average)
- [Average fees per user (AFPU)](https://tokenterminal.com/explorer/projects/dydx/metrics/afpu)
- [Average revenue per user (ARPU)](https://tokenterminal.com/explorer/projects/dydx/metrics/arpu)
- [Block time](https://tokenterminal.com/explorer/projects/dydx/metrics/block-time)
- [Take rate](https://tokenterminal.com/explorer/projects/dydx/metrics/take-rate)

## Links

- [governance](https://forums.dydx.community/)
- [github](https://github.com/dydxprotocol)
- [twitter](https://twitter.com/dydx)
- [discord](https://discord.gg/Tuze6tY)
- [etherscan](https://etherscan.io/token/0x92d6c1e31e14520e676a687f0a93788b716beff5)
- [website](https://dydx.exchange/)