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How to Trade dYdX (DYDX)

DEX on SiamDEX · No KYC · Earn in USD

DeFi
Current Price
$0.18
24h Change
+3.54%
Volume 24h
$652.4K
Open Interest
$6.01M

dYdX (DYDX) What is it?

dYdX (DYDX) is the governance token of dYdX DEX, which specializes in perpetual futures trading. It currently runs on its own dYdX Chain, a Layer-1 built on Cosmos SDK, directly competing with Hyperliquid.

Why Trade dYdX on SiamDEX?

  • ✓Leading perpetual DEX with high trading volume
  • ✓Leverage on Hyperliquid is suitable for DEX token narratives
  • ✓Price is tied to growing DeFi trading volume

Compare dYdX (DYDX) vs Other Perpetuals

AssetPriceVolume 24hOpen Interest24h Change
DYDXdYdX (DYDX)$0.17689$652.4K$6.01M+3.54%
BTCBitcoin (BTC)$63096.0$5.39B$1.99B-5.53%
ETHEthereum (ETH)$1786.2$1.55B$1.18B-3.87%
SOLSolana (SOL)$70.14$424.90M$277.45M-6.20%
HYPEHyperliquid (HYPE)$73.67$1.37B$1.70B+6.37%
PAXGทองคำ (PAXG) (PAXG)$4456.5$2.84M$25.64M-0.25%
XRPXRP (XRP)$1.1856$68.45M$89.94M-3.30%
DOGEDogecoin (DOGE)$0.090287$17.27M$27.41M-2.71%
FARTCOINFartcoin (FARTCOIN)$0.14136$8.31M$20.44M+1.32%

⚠️ Risk Warning

DYDX competes directly with Hyperliquid. If Hyperliquid continues to gain market share, it may negatively impact DYDX.

Price History dYdX (DYDX)

Last 30 Days

History of DYDX in 5 Minutes — สรุปฉบับย่อ timeline สำคัญ

Timeline

dYdX was founded in 2017 by Antonio Juliano, a former Coinbase engineer and Princeton graduate. He built the first perpetual DEX that rivaled CEX volume and invented 'flash loans' before Aave. dYdX migrated from Ethereum → StarkWare L2 → its own dYdX Chain on Cosmos in 2023 for full decentralization.

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Did You Know?

Antonio Juliano wrote that dYdX invented flash loans before Aave, but Aave got most of the credit because 'they launched the product better'. He learned that vertically integrating the stack often results in a better user experience, but you still need strong marketing.

How to Trade dYdX on SiamDEX

  1. 1Connect MetaMask and Setup Trading (one-time only)
  2. 2Deposit USDC into Hyperliquid via SiamDEX
  3. 3Select DYDX from Asset Selector
  4. 4Choose Long (price goes up) or Short (price goes down)
  5. 5Set your Leverage and Margin
  6. 6Click Place Order — order goes directly to Hyperliquid
  7. 7When profitable, Withdraw USDC → MetaMask → Exchange → THB

Frequently Asked Questions about Trading dYdX

Q: How much do I need to trade DYDX on SiamDEX?

You can start with a small amount of USDC. We recommend at least 10-100 USDC to test trading and manage risk effectively.

Q: What is the maximum leverage for DYDX?

Up to 40x (depends on the asset and market conditions)

Q: How do I deposit USDC into Hyperliquid via SiamDEX?

Connect MetaMask → Go to Deposit/Withdraw → Select deposit from a Thai or global exchange → Follow the simple steps, takes only a few minutes

Q: What are the main risks of trading DYDX perpetual futures?

Price volatility, liquidation risk when using high leverage, and funding rate exposure.

Q: Can I withdraw DYDX profits in Thai Baht?

Yes. Profits are in USDC → Withdraw to MetaMask → Transfer to Exchange → Sell for THB

Q: Is SiamDEX suitable for beginners?

Absolutely. SiamDEX has clear guides in Thai and English, simple steps, and no KYC required.

Before You Trade

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