Gate News Bot news, on November 17, according to CoinMarketCap data, as of the time of writing, DYDX (dYdX) is currently priced at 0.29 USD, a fall of 5.10% in the last 24 hours, with a peak of 0.36 USD and a low of 0.27 USD. The current market capitalization is approximately 233 million USD, a decrease of about 12.55 million USD compared to yesterday. Currently, DYDX ranks 160th in global Crypto Assets market capitalization.
Recent important news about DYDX:
1️⃣ The community proposes to increase the token buyback ratio
The dYdX community voted to significantly increase the buyback ratio of DYDX tokens from 25% of protocol fees to 75%. This decision aims to increase the demand for DYDX tokens, which is expected to provide support for the token price in the medium to long term. However, the market does not seem to have responded positively to this favorable news in the short term.
2️⃣ Gate platform adds DYDX fixed investment products
Gate Exchange has launched new fixed-term financial products for DYDX tokens, offering three locking period options of 7 days, 14 days, and 30 days. This move may attract some investors to lock their DYDX tokens in the financial products, thereby reducing the circulating supply in the market, but the short-term impact on prices may be limited.
3️⃣ dYdX Protocol Revenue Distribution Adjustment
The dYdX Foundation has proposed a new protocol revenue distribution plan, intending to allocate 75% of the protocol income for DYDX buybacks, 5% for Megavault liquidity, and 5% into the treasury. If this proposal is ultimately approved and implemented, it will significantly increase the buyback efforts for DYDX, helping to stabilize the token's value in the long term.
Despite the recent positive news in the dYdX ecosystem, the price of the DYDX token still shows a falling trend. This may reflect broader market sentiment or the influence of other unknown factors. Investors need to closely monitor the subsequent implementation of the protocol's revenue distribution and its actual impact on the token price.
This message is not intended as investment advice; investors should be aware of market volatility risks.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Grayscale's increased holdings in Cardano sparks attention: ADA price forecast for 2026 and institutional allocation logic revealed
On February 24, news reports indicate that the latest investment portfolio disclosures from digital asset management firm Grayscale Investments show an increased allocation to Cardano (ADA), now accounting for approximately 20.20% of the portfolio, ranking third after Solana and Ethereum. This change in allocation is interpreted by the market as continued institutional confidence in Cardano's long-term fundamentals and smart contract ecosystem.
It is worth noting that this increase occurred amid escalating macroeconomic turbulence. Uncertainty in U.S. policy has intensified, with Trump-related tariff comments sparking risk aversion sentiment, causing Bitcoin to temporarily fall below a key psychological threshold. Mainstream cryptocurrencies also came under pressure, and ADA was unable to strengthen independently.
GateNewsBot9m ago
Zcash approaches death cross, will ZEC test the critical support level of $200?
February 24 News, Privacy coin Zcash (ZEC) has recently been under continuous pressure, with a total decline of over 20% in the past 7 days. As of press time, the price of Zcash is approximately $231, down 28% from this month's high and more than 50% lower than at the beginning of the year. Against the backdrop of waning risk appetite in the crypto asset market, combined with technical and fundamental factors, market participants remain cautious about ZEC's future trajectory.
On the fundamental side, the Electric Coin Company development team previously resigned collectively due to governance disputes with the non-profit organization Bootstrap. Although the incident did not lead to a blockchain fork, and the protocol layer operation of the ZEC token was not directly impacted, organizational uncertainty has weakened investor confidence in the ecosystem's long-term development.
GateNewsBot12m ago
Dogecoin Surge Potential: Will DOGE Double From Here?
DOGE shows bullish cup-and-handle pattern with potential breakout above $0.12.
Key resistances lie at $0.15 and $0.20 for a possible 100% gain.
Support at $0.10 is critical; volume and momentum must strengthen for sustained rally.
Dogecoin — DOGE, has been quietly hovering just above $0.
CryptoNewsLand31m ago
Bitunix Analyst: US and Japan May Be Planning Joint Intervention, Rate Cut Expectations Fluctuate Again
Market focus shifts to exchange rates and interest rates. The U.S. Treasury Department has proactively initiated a "currency check" to support the yen, possibly related to uncertainties before the Japanese general election. Meanwhile, divergence in Federal Reserve policy paths and labor market performance will influence rate cut expectations. In the crypto market, BTC prices fluctuate, and attention should be paid to how the macro environment affects liquidity flows.
GateNewsBot40m ago
Bitcoin has fallen for five consecutive months, dropping below $63,000 again.
The cryptocurrency market continues to be sluggish, with Bitcoin falling below $63,000 and the panic index at an extreme fear level. Global stock markets have declined due to AI and geopolitical risks, while precious metals are favored. Tensions between Trump and Iran have escalated, and new tariff policies have triggered market panic, boosting risk aversion. Analysis indicates that the Bitcoin market needs to restore demand, and liquidity is expected to gradually recover.
TechubNews49m ago
