dYdX (DYDX) Price Prediction: DYDX Token to Become Next Binance Coin? DYDX captured my attention recently when I saw that it was leading the weekly crypto charts. This is when I began learning more about DYDX (the asset and the product).
Essentially, DYDX is a governance and utility token of the DYDX exchange. The DYDX token can be used to vote on governance proposals and, similarly to how the Binance coin is used on the Binance exchange, DYDX can also be used for the purposes of granting fee reductions.