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2.47%
What is the issuance volume of DYDX? One article to introduce the application scenarios of DYDX
DYDX's impressive issuance volume of 79,637,051 DYDX reflects its versatility in providing margin trading, perpetual swaps, and other advanced financial services to crypto traders.
Oct 25, 2024 at 01:38 pm
DYDX: Issuance Volume and Application Scenarios
1. Issuance Volume
DYDX is a decentralized margin trading platform that operates on the StarkEx Layer 2 scaling technology. As of March 8, 2023, DYDX's total issuance volume stands at 79,637,051 DYDX.
2. Application Scenarios
DYDX offers versatile application scenarios, enabling traders to engage in a range of financial activities:
- Margin Trading: Traders can leverage up to 10x to increase their potential returns.
- Perpetual Swaps: Traders can participate in perpetual futures contracts with customizable leverage.
- Limit Orders: Advanced order types allow traders to set specific trade parameters, ensuring precise execution.
- Asset Swaps: DYDX facilitates instant asset swaps, providing traders with liquidity and flexibility.
- Liquid Staking: Traders can earn rewards by staking their ETH or ETH2 without locking up their assets.
- Governance: DYDX token holders have voting power over protocol parameters, allowing them to participate in the platform's decision-making process.
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