The permissionless nature of the dYdX Chain opens the door for a variety of exciting crypto-assets to be added as new markets through a simple governance vote. Submitting a proposal takes just a few minutes, and the voting process is completed within four days. Once approved, new markets can be seamlessly traded as perpetual contracts (perps). Each of the projects listed below has captured the attention of Crypto Twitter and the broader crypto community—and can now be added to dYdX. Let’s dive into these tokens.
1. Raydium (RAY)
Raydium is an automated market maker (AMM) built on the Solana blockchain, designed to provide fast, cost-effective trades for users. It offers deep liquidity for decentralized exchanges and enables users to trade seamlessly with Solana’s growing ecosystem. As a native token of the Raydium platform, $RAY is used for governance, staking, and earning protocol rewards.
Price: $2.02 (as of 17.10.2024)*
Price change: 23.08% (7d)
24h volume: $23.50M
2. Gas (GAS)
$GAS is the token that powers the NEO blockchain, one of the early projects focused on creating a smart economy by combining digital assets, digital identity, and smart contracts. $GAS is used to pay for transaction fees and execution of smart contracts on the NEO network, making it a vital component of the platform’s functionality.
Price: $4.38 (as of 17.10.2024)*
Price change: 1.28% (7d)
24h volume: $47.45M
3. Conflux (CFX)
Conflux is a public blockchain that aims to solve the blockchain trilemma of scalability, security, and decentralization. As one of China’s first public permissionless blockchains, Conflux supports faster transaction speeds with its unique Tree-Graph consensus algorithm. The $CFX token is used for staking, governance, and paying transaction fees on the Conflux network.
Price: $0.1626 (as of 17.10.2024)*
Price change: -7.06% (7d)
24h volume: $31.24M
4. Golem (GLM)
Golem offers a decentralized marketplace for computing power, where users can rent out their idle computing resources or purchase computing power for various tasks. $GLM is the native token of the Golem Network, facilitating transactions between resource providers and buyers. It aims to decentralize cloud computing and lower its costs.
Price: $0.3268 (as of 17.10.2024)*
Price change: 0.54% (7d)
24h volume: $10.02M
5. ZetaChain (ZETA)
ZetaChain is a layer-1 blockchain that focuses on enabling seamless interoperability across multiple chains, making it possible to transfer assets and data across different blockchains effortlessly. The $ZETA token powers the network, providing users with a decentralized solution for cross-chain functionality. ZetaChain’s goal is to unify blockchains and DeFi ecosystems.
Price: $0.5969 (as of 17.10.2024)*
Price change: 9.70% (7d)
24h volume: $28.43M
6. aelf (ELF)
aelf is a decentralized cloud computing blockchain that aims to provide a high-performance infrastructure for large-scale DApps. It uses a multi-layer sidechain structure to ensure scalability and is optimized for business use cases. The $ELF token is essential for network governance, staking, and resource management within the ecosystem.
Price: $0.3802 (as of 17.10.2024)*
Price change: 2.88% (7d)
24h volume: $4.27M
7. PayPal USD (PYUSD)
PayPal USD (PYUSD) is a stablecoin issued by PayPal, fully backed by US dollar deposits. PYUSD is designed to facilitate fast, reliable transactions within PayPal’s ecosystem and across Web3. It offers an accessible on-ramp for users to enter the crypto space, with stability tied to its USD backing. PYUSD is seen as a significant bridge between traditional finance and digital assets.
Price: $0.9995 (as of 17.10.2024)*
Price change: 0.00% (7d)
24h volume: $11.11M
Easy Listing In Just A Few Clicks
By using dYdX’s governance process, adding these tokens to dYdX as new perpetual futures markets is now as simple as voting within the community.
Interested in proposing one of these tokens as new markets on dYdX? You can easily do so through the Market Listing Widget here.
Legitimacy and Disclaimer
Disclaimer: Price, price change and volume data were taken from CoinMarketCap.com on the 17th of October 2024.
This post is not an endorsement of any specific platform, token, or market, and any decision to trade should be based on your own research and judgment.
About the dYdX Foundation
Legitimacy and Disclaimer
Crypto-assets can be highly volatile and trading crypto-assets involves risk of loss, particularly when using leverage. Investment into crypto-assets may not be regulated and may not be adequate for retail investors. Do your own research and due diligence before engaging in any activity involving crypto-assets.
dYdX is a decentralised, disintermediated and permissionless protocol, and is not available in the U.S. or to U.S. persons as well as in other restricted jurisdictions. The dYdX Foundation does not operate or participate in the operation of any component of the dYdX Chain's infrastructure.
The dYdX Foundation’s purpose is to support the current implementation and any future implementations of the dYdX protocol and to foster community-driven growth in the dYdX ecosystem.
The dYdX Chain software (including dYdX Unlimited) is open-source software to be used or implemented by any party in accordance with the applicable license. At no time should the dYdX Chain and/or its software or related components (including dYdX Unlimited) be deemed to be a product or service provided or made available in any way by the dYdX Foundation. Interactions with the dYdX Chain software (including dYdX Unlimited) or any implementation thereof are permissionless and disintermediated, subject to the terms of the applicable licenses and code. Users who interact with the dYdX Chain software, i ncluding dYdX Unlimited (or any implementations thereof) will not be interacting with the dYdX Foundation in any way whatsoever. The dYdX Foundation does not make any representations, warranties or covenants in connection with the dYdX Chain software (or any implementations and/or components thereof, including dYdX Unlimited), including (without limitation) with regard to their technical properties or performance, as well as their actual or potential usefulness or suitability for any particular purpose, and users agree to rely on the dYdX Chain software (or any implementations and/or components thereof, including dYdX Unlimited) “AS IS, WHERE IS”.
Nothing in this post should be used or considered as legal, financial, tax, or any other advice, nor as an instruction or invitation to act by anyone. Users should conduct their own research and due diligence before making any decisions. The dYdX Foundation may alter or update any information in this post in the future at its sole discretion and assumes no obligation to publicly disclose any such change. This post is solely based on the information available to the dYdX Foundation at the time it was published and should only be read and taken into consideration at the time it was published and on the basis of the circumstances that surrounded it. The dYdX Foundation makes no guarantees of future performance and is under no obligation to undertake any of the activities contemplated herein.
Depositing into the MegaVault carries risks. Do your own research and make sure to understand the risks before depositing funds. MegaVault returns are not guaranteed and may fluctuate over time depending on multiple factors. MegaVault returns may be negative and you may lose your entire investment.The dYdX Foundation does not operate or has control over the MegaVault and has not been involved in the development, deployment and operation of any component of the dYdX Unlimited software (including the MegaVault).
Get Involved with the Community
Become a part of our journey to reshape the financial landscape
