About dYdX
dYdX is a leading decentralized exchange (DEX) protocol specializing in derivatives trading, perpetual contracts, and margin trading for cryptocurrencies. Built initially on Ethereum and later migrating to its own blockchain using Cosmos SDK, dYdX offers advanced trading features typically found on centralized exchanges while maintaining decentralization. The platform has processed billions in trading volume and launched its own token (DYDX) for governance and rewards.
Investors & Backers
dYdX has received investment from 8 venture capital firms.
1kx
Abstract
Delphi Digital
Dragonfly Capital Partners
Electric Capital
Maven 11 Capital
Paradigm
Polychain Capital
Full portfolios: Dragonfly Capital Partners portfolio
Frequently Asked Questions
What does dYdX do?
Decentralized cryptocurrency exchange protocol for perpetual trading and lending built on Ethereum.
Who invested in dYdX?
dYdX has received investment from 1kx, Abstract, Delphi Digital, Dragonfly Capital Partners, Electric Capital and 3 other investors. These venture capital firms and investors provide both capital and strategic support.
How much funding has dYdX raised?
dYdX has raised $87M in total funding, with their most recent round being a Series C. The company operates in the Web3 sector.
When was dYdX founded?
dYdX was founded in 2017 and is headquartered in San Francisco, California.
What sector is dYdX in?
dYdX operates in the Web3 sector. Decentralized cryptocurrency exchange protocol for perpetual trading and lending built on Ethereum.
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Company Details
- Sector
- Web3
- Headquarters
- San Francisco, California
- Founded
- 2017
- Status
- Active
- Last Funding Stage
- Series C
- Total Funding
- $87M
- Valuation
- $2B
