dYdX (DYDX)

Tokenomics & Utility

Supply and distribution

The original DYDX plan began with one billion tokens minted on Ethereum. Its initial five-year allocation set aside 50% for community purposes, including user rewards and a community treasury. About 27.7% went to past investors, while the rest was assigned to founders, employees, advisers, consultants, and future contributors. Community votes later changed how parts of the allocation would be used, so the original percentages describe the starting plan rather than every later distribution decision. (dydx.foundation)

After the move to the dYdX Chain, native DYDX became central to three activities: staking, governance, and network fees. Holders can delegate tokens to validators, helping secure the chain. They can also vote on proposals concerning network settings and community resources. Trading fees are generally collected in USDC, while certain on-chain transactions may use DYDX or USDC for gas fees. Network fees support validators and people who stake with them. (dydx.foundation)

The community also approved a program that uses a portion of protocol fees to buy DYDX and stake the purchased tokens. This links part of the token’s role to the exchange’s activity and to validator support. In June 2025, the chain stopped supporting the bridge that converted the older Ethereum token, called ethDYDX, into native DYDX. That change completed an important stage in the token’s move to its own chain. (dydx.foundation)