dYdXDYDX

Token turnover circulating measures how many times the circulating supply of dYdX tokens is traded annually relative to its market capitalization. This metric indicates the liquidity and trading activity intensity of the dYdX token by dividing annualized token trading volume by circulating market capitalization. It answers the business question: "How actively is the dYdX token being traded relative to its circulating market value?" The calculation follows a straightforward ratio approach: annualized trading volume divided by circulating market cap, providing insight into token liquidity and market activity levels.Learn more