EVM - 14. dydX: W.T.F (What The Fees)?

    dYdX is a decentralized cryptocurrency exchange that allows users to trade digital assets in a peer-to-peer manner without relying on a central authority. The platform is built on the Ethereum blockchain and utilizes smart contracts to enable trustless trading.

    The dYdX protocol allows users to trade a variety of cryptocurrency assets, including Bitcoin, Ethereum, and other ERC-20 tokens. It also supports margin trading and lending, allowing users to borrow and lend assets to earn interest or amplify their trading positions.

    The native token of the dYdX protocol is called DYDX, which is used to incentivize liquidity providers, pay for trading fees, and provide governance rights to the platform's users.

    What is dydX?
    Methodology

    While running the analysis, we used special tables and conditions to retrieve the relevant data. To learn about the dydx transactions, we used the ethereum.core.fact_token_transfers and ethereum.core.fact_transactions table and calculated the aggregate and average key metrics. We also used the ethereum.core.fact_hourly_token_prices table to get the price of eth.

    DYDX Token Contract Address: 0x92d6c1e31e14520e676a687f0a93788b716beff5

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