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#5 of 25 · dYdX

Is DYDX deflationary?

About flat · 0.0% policy supply next year

DYDX supply is expected to stay about flat over the next twelve months (0.0% policy). That figure is a published protocol policy, not a measured rate. Under its fee-funded buyback → stake program, tokens are locked but still exist, funded by 25% of net protocol fees. No scheduled token releases are known for the next twelve months. Beneat Supply Watch ranks DYDX #5 of 25 with an overall supply score of 80 out of 100, as of Sep 6, 2026.

Supply score

80 / 100

Open in the screener →

Key figures

Supply next year

0.0% policy

Tokens unlocking, 12 months

None known

Circulating

84.6%

Market cap

$102M

Supply direction score

70

Release pressure score

90

Program strength

88

Track record

80

Scores are 0–100 research shortcuts, not price forecasts. Sources: strong. Data as of Sep 6, 2026.

Supply history

Daily observed circulating supply from the market snapshot. Scheduled releases are shown separately below.

Sep 1, 2026 · 846.1M DYDX0.00% over 6 daysSep 6, 2026 · 846.1M DYDX

Upcoming releases

The published release schedule is complete. The published investor and team release schedule is complete.

No calculable DYDX release is published for the coming months.

How DYDX supply changes

Paid for by

25% of net protocol fees

What happens

Fee-funded buyback → stake

Where tokens go

Staked; not burned

The private-allocation release schedule ended in June 2026. Bought DYDX is staked, reducing float without reducing total supply.

Questions people ask about DYDX supply

Is DYDX deflationary?
DYDX supply is expected to stay about flat over the next twelve months (0.0% policy). That figure is a published protocol policy, not a measured rate. Under its fee-funded buyback → stake program, tokens are locked but still exist, funded by 25% of net protocol fees. No scheduled token releases are known for the next twelve months. Beneat Supply Watch ranks DYDX #5 of 25 with an overall supply score of 80 out of 100, as of Sep 6, 2026.
When is the next DYDX unlock?
No dated DYDX release is published for the coming months: the published release schedule is complete. The published investor and team release schedule is complete.
How much DYDX is in circulation?
846.1M DYDX is in circulation, about 84.6% of the 1.00B reference supply, with a market cap of $102M. Release progress is 4 of 5; expected completion: June 2026.
How does DYDX supply change?
The private-allocation release schedule ended in June 2026. Bought DYDX is staked, reducing float without reducing total supply. Program: Fee-funded buyback → stake. Paid for by 25% of net protocol fees. Destination: staked; not burned.
How reliable is this data?
DYDX has strong sources: 2 cited documents, last checked Sep 6, 2026. Reconciliation against the published plan is "matched". Observed circulating supply is compared with calculable scheduled releases; opaque and dynamic flows remain outside the expectation.

Sources

Reconciliation: matched. Observed circulating supply is compared with calculable scheduled releases; opaque and dynamic flows remain outside the expectation. Machine-readable data: /api/screener/deflationary and calendar for DYDX.

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Research only. Not investment advice. Beneat Supply Watch does not forecast prices.