dYdX
dYdX is a decentralized exchange for advanced crypto financial products, offering perpetual contracts, short sells, and options on Ethereum.
Secondary Market Price
How dYdX Measures Up
To help you manage your dYdX equity, Prospect has run the company through our machine learning model.
Prospect Rating
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This rating reflects our belief in this company's potential to grow to that many times its current value in 4 years. For an employee with stock, this rating suggests a potential return on equity, but it also comes with some risk.
Exit Risk
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Our rating is a reflection of the likelihood of this company achieving a liquidity event for its employees based on the quality of investors, funding stage, founders, and more.
Funding Stage
Series C
A company’s funding stage reflects how established it is, how quickly it is scaling, and the average impact an employee may have when joining.
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Prospect Projected Future dYdX Prices
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Company Description
dYdX operates as a decentralized exchange (DEX) that provides a protocol for cryptocurrency derivatives. The platform, built on the Ethereum blockchain, allows users to trade advanced financial products like perpetual contracts with up to 20x leverage, as well as engage in peer-to-peer short sells, long positions, and options on ERC20 tokens. Founded in 2017 by Antonio Juliano, dYdX has completed five funding rounds, including a Series C round in July 2021 that raised $65 million. The company is backed by notable investors such as a16z, Polychain, and Paradigm.
The company reported significant growth in 2025, with an 85% increase in DYDX token holders to 98,100 and $17 billion in trading volume driven by its affiliates. Recent developments include the launch of a protocol buyback program, which repurchased 8.46 million DYDX tokens, the introduction of native Solana spot trading, and the integration of fiat funding through MoonPay. dYdX has also rolled out trading incentives and a Funding Rate Dashboard for traders. The company plans to build on this momentum in 2026, with a continued focus on expanding its user base, markets, and overall value flow through the protocol.
- Paradigm
- Andreessen Horowitz
- Polychain Capital
- Three Arrows Capital
- Wintermute
- Co-Founder, Antonio Juliano
- Co-Founder, Brendan Chou
- Co-Founder, Zhuoxun Yin
Peer Group Comparison
Vs Peer Group of >$4B Startups
Frequently Asked Questions
Joining Anduril as an employee is another way to acquire equity, typically through stock options included in compensation packages.
Is dYdX worth joining?
Evaluating a startup offer involves assessing the potential value of its equity compensation. Tools like Prospect can help you project the future value of your shares and compare potential returns against other companies.
What should I do with my dYdX stock?
Managing startup stock requires a personalized strategy based on your financial situation and the company's potential outcomes. Platforms like Prospect use data-driven models to help you decide when to exercise options or sell shares to maximize your returns.
Can you sell dYdX stock?
Selling stock in a private company like dYdX is often possible during liquidity events such as tender offers or on secondary markets. Platforms like Prospect offer tools to help you navigate these opportunities and determine the optimal amount to sell for tax purposes.
How can I find the value of my dYdX stock?
Determining the value of private stock can be complex, as it isn't publicly traded. You can use platforms like Prospect, which leverage machine learning and market data to project a likely range of outcomes for your startup equity.
What is dYdX's equity worth?
The precise worth of a private company's equity fluctuates based on funding rounds, performance, and market conditions. Equity management platforms can provide data-driven projections to help you understand the potential value of your holdings.
What is dYdX's stock ticker symbol?
As a private company, dYdX does not have a stock ticker symbol, as these are only assigned when a company goes public and lists on a stock exchange. Once a company completes its Initial Public Offering (IPO), it will be assigned a ticker for public trading.
Can I buy or sell dYdX stock?
Buying stock in a private company is typically restricted to employees exercising options or accredited investors in private funding rounds. Selling is also limited, usually occurring during company-approved tender offers or on secondary markets.
What is the criteria to buy or invest in dYdX stock?
Investing in a private company like dYdX is generally limited to employees receiving equity compensation or accredited investors participating in fundraising rounds. These opportunities are not typically available to the general public before an IPO.
