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    dYdX

    ETHDYDX

    Evaluation Score

    Overall rating on a scale of 0-10

    RiskReturn
    08.110
    Risk Level:
    Medium
    Recommendation:Buy
    Evaluated:December 6, 2025 (v6)

    Crypto Token Health Score Explained

    Our AI-powered health score evaluates on-chain metrics, community support, tokenomics, and more. This helps DeFi investors understand risk, compare tokens, and make informed decisions. Learn how to analyze DeFi tokens' risk and use these insights for DeFi portfolio risk management.

    AI Analysis

    Comprehensive evaluation of the token

    dYdX is a market-leading decentralized derivatives platform with exceptional fundamentals, driven by a highly credible team, robust decentralized governance, and a clear, high-demand use case on its dedicated Cosmos chain. The token's utility is strong, offering real-yield staking from platform fees. However, this profile is tempered by significant risks, including widespread negative community sentiment following a controversial bridge shutdown and a history of notable security incidents. While the project's technical execution is excellent, investors must weigh these strengths against the real community and operational risks.

    Detailed Analysis by Category

    Development Activity

    Code updates and developer engagement

    RiskReturn
    08.510

    Community Support

    Social media presence and community engagement

    RiskReturn
    06.810

    Tokenomics

    Supply, distribution, and utility

    RiskReturn
    07.810

    Market & Use Case

    Value proposition and competitive landscape

    RiskReturn
    08.810

    Team & Governance

    Team background and project governance

    RiskReturn
    09.210

    Security & Audits

    Security history and audit status

    RiskReturn
    07.510

    About dYdX (ETHDYDX)

    dYdX (ETHDYDX)

    The dYdX (ETHDYDX) token is an ERC-20 governance and utility token powering the dYdX decentralized exchange on Ethereum. ETHDYDX enables community-driven protocol upgrades, fee distribution, and staking rewards within a high-performance DeFi platform.

    Key Features

    • Token Name: dYdX
    • Symbol: ETHDYDX
    • Standard: ERC-20 (Ethereum)
    • Utility: Governance voting, protocol fee allocation, staking rewards
    • Platform: dYdX decentralized exchange (perpetuals, margin trading)
    • Network: Ethereum Layer 2

    Use Cases

    1. Governance: Vote on proposals to shape the future of the protocol.
    2. Staking: Stake ETHDYDX to earn protocol fee rewards.
    3. Ecosystem Access: Leverage advanced DeFi tools like perpetual contracts and margin trading on dYdX.

    Official Resources

    • Website: https://dydx.exchange
    • Documentation: https://docs.dydx.exchange
    • GitHub: https://github.com/dydxprotocol

    For real-time token data, metrics, and governance updates, explore the official dYdX analytics dashboard.

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