DYDX is a decentralized cryptocurrency exchange and trading platform built on the Ethereum blockchain. It enables users to trade a variety of cryptocurrencies with features like margin trading and perpetual contracts. DYDX has gained popularity for its user-friendly interface, high liquidity, and decentralized nature, allowing traders to have more control over their assets. It has its native token,
DYDX, which is often used for trading fee discounts and governance within the platform. DYDX plays a significant role in the decentralized finance (DeFi) ecosystem, offering users opportunities for trading, lending, and earning yield on their crypto assets.