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dYdX

DYDX#179

dYdX is a decentralised exchange for leveraged perpetual futures that runs on its own blockchain; DYDX is its staking and governance token.

$0.1565
4.66%24h35.86%30d

Market cap
$132.38M
Volume 24h
$10.19M
All-time high
—
Circulating supply
846.09M of 1B
Liberandum halal verdict
Shariah criteria: 1 pass, 4 caution, 3 fail
Not halal
غير حلال

Fails our Shariah screening. Needs caution: interest (riba), nature of the asset, excessive uncertainty (gharar), and benefit and harm (maslahah). Fails: gambling (maysir), business model, and usage.

  • 1 pass
  • 4 caution
  • 3 fail
Why it’s not halal
Verdict history
  1. Not halal
    Current

    First publication

Verdict history · dYdX

First publication and every verdict change with its reason.

AI Insight
AI Insight is being prepared

Fundamentals, market picture and news will appear here.

About dYdX

dYdX is a decentralised exchange for leveraged perpetual futures that runs on its own blockchain; DYDX is its staking and governance token.

dYdX is a trading platform for perpetual futures: leveraged contracts with no expiry and no delivery of the underlying asset. Since 26 October 2023 it has run on its own proof-of-stake blockchain, the dYdX Chain, built with the Cosmos SDK. More than 50 validators run the order books and more than 200 markets are listed.

DYDX is the token of that chain. Holders stake it with validators to secure the network and vote. All protocol fees, mostly trading fees in USDC, go to validators and stakers, and 75% of net protocol fees are used to repurchase DYDX. The max supply is 1 billion DYDX and about 846 million circulate.

On 1 July 2026 the company behind dYdX announced Arcus, a new exchange on Robinhood Chain, and said its team is fully focused on it. The dYdX Foundation says the dYdX Chain keeps running under community governance and that no token swap has been announced. Activity is small: about $270,400 in fees over 30 days at the start of October 2026.

Sources · 9
Updated Oct 1, 2026

AI-assisted analysis checked against sources. Not a fatwa or investment advice.

Key facts

Launched
Oct 26, 2023
Creator
Antonio Juliano
Issuer
None
Consensus
Proof of Stake
Max supply
1,000,000,000 DYDX

What it is used for

  • Staking with validators to secure the dYdX Chain
  • Governance votes on fees, markets and treasuries
  • Receiving a share of trading fees in USDC through staking
  • Spot trading on exchanges

Market data

CoinMarketCap · Oct 3, 2026, 00:25 UTC
Market cap
$132.38MRank #179
Fully diluted value
$156.46MAt 1B DYDX
Volume 24h
$10.19M7.69% of market cap
Total supply
958.34M DYDXIssued so far
All-time high
—
All-time low
—
Circulating supply
846.09M DYDX84.6% of max supply
Max supply
1B DYDXFixed by protocol

Where it trades

Section in preparation

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