DerivaDAO (DDX) price, chart, coin profile and news

Find the latest DerivaDAO (DDX) price, coin profile, news and history to get you started with DerivaDAO trading and investing.

DerivaDAO
DDX- USD
$1.23
+ $0.03 ( + 2.79%)
DECENTRALIZED-EXCHANGE

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What is DerivaDAO?

DerivaDEX is a decentralized exchange for crypto derivatives trading on the Ethereum blockchain, and DDX is its utility token. If the past ‘generation’ of crypto trading were first, the centralised exchanges like Coinbase, then second margin trading platforms like Bitfinex, DerivaDEX presents itself as standard-bearer for the third generation, claiming it blends the benefits of decentralization with the user experience of more seasoned centralized platforms. According to DeFi Rate, the project raised USD$2.7 million in its initial investment round. The trading platform isn’t live yet, but insurance mining and governance apps are. Where does DDX fit into this? Any and all holders are entitled to votes on the course of the project in proportion to their holdings, and they have been able to vote from day one. As the exchange isn’t live yet, DDX tokens are being used as rewards for users who stake stablecoins on DerivaDEX’s platform, which in turn helps the operators grow a liquidity pool for insuring the exchange’s ultimate users’ funds. Some of the terminology can get a bit fuzzy with this project, so for clarity: DerivaDEX is the exchange (or will be), and DerivaDAO is the decentralized autonomous organisation (DAO) that governs it.

DerivaDAO (DDX) is the 577th largest cryptocurrency in the world by market cap, valued at $30,846,936. The current price of DerivaDAO is $1.6874, which is -2.245% lower than yesterday. Prices have ranged between $1.859 and $1.6731 over the past 24 hours. All prices are listed in Australian dollars (unless otherwise noted) and accurate as of May 16, 2022 05:05 UTC.

Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

DerivaDAO (DDX) price

Use our graph to track the performance of (DDX) over time.

DerivaDAO at a glance

Information last updated May 16, 2022 05:05 UTC.
Coin symbol DDX
Coin Marketcap AUD$30,846,936
Total DDX supply 53,213,502
Circulating DDX 26,094,664
Current price AUD$1.6874
All time high AUD$31.2455

DerivaDAO price performance over time

Historical prices compared with the price of $1.6874.

1 hour -0.13%
24 hours -2.24%
7 days -36.86%
14 days -35.54%
30 days -46.64%
60 days -48.26%
200 days -78.89%
1 year -71.74%

Disclaimer: Cryptocurrencies, including DerivaDAO, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of DDX is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the DerivaDAO or any other cryptocurrency discussed.

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