LIVE
BTC$64,379.00 2.33%ETH$1,816.48 2.03%USDT$0.9993 0.02%BNB$589.14 0.14%USDC$0.9999 0.02%XRP$1.15 0.92%SOL$82.63 1.40%TRX$0.3291 0.33%FIGR_HELOC$1.04 0.52%HYPE$71.24 0.44%DOGE$0.0774 0.11%USDS$0.9997 0.00%RAIN$0.0151 0.97%LEO$9.38 1.33%ZEC$455.02 1.62%ADA$0.1857 2.62%XLM$0.2019 0.06%WBT$57.61 1.35%XMR$325.01 1.11%LINK$8.07 0.61%CC$0.1385 1.77%BCH$246.88 0.79%LAB$15.62 7.79%GRAM$1.79 0.83%DAI$0.9998 0.00%USD1$0.9985 0.05%USDE$0.9988 0.02%LTC$45.37 0.53%HBAR$0.0739 2.26%USDG$0.9999 0.00%BTC$64,379.00 2.33%ETH$1,816.48 2.03%USDT$0.9993 0.02%BNB$589.14 0.14%USDC$0.9999 0.02%XRP$1.15 0.92%SOL$82.63 1.40%TRX$0.3291 0.33%FIGR_HELOC$1.04 0.52%HYPE$71.24 0.44%DOGE$0.0774 0.11%USDS$0.9997 0.00%RAIN$0.0151 0.97%LEO$9.38 1.33%ZEC$455.02 1.62%ADA$0.1857 2.62%XLM$0.2019 0.06%WBT$57.61 1.35%XMR$325.01 1.11%LINK$8.07 0.61%CC$0.1385 1.77%BCH$246.88 0.79%LAB$15.62 7.79%GRAM$1.79 0.83%DAI$0.9998 0.00%USD1$0.9985 0.05%USDE$0.9988 0.02%LTC$45.37 0.53%HBAR$0.0739 2.26%USDG$0.9999 0.00%
G.MARKETS/PAIR ANALYSIS·dYdX logoDYDXTether logoUSDT· LIVE· as of 21:53 UTC
THE ORIGINAL G.MARKETS CALCULATION

If had 's mcap

DYDX WOULD BE
$0.00000000
currently $0.1307 · target mcap $184.21B
MULTIPLIER
0.00x

DYDX needs a 1.7Kx move to match USDT's valuation

REALITY CHECKAt DYDX's current 24h rate of +0.23%, compounding daily would take ~8.9 years to reach USDT's market cap.
COIN PROFILES·DYDX vs USDT
dYdX logo
dYdX
SOURCE

dYdX is DeFi’s pro trading platform and a pioneer in decentralized finance, known for being the first to offer decentralized margin trading and derivatives, as well as inventing…

PRICE$0.1307
24H CHANGE 0.23%
MARKET CAP$110.92MFDV $125.31M · 11% supply locked
RANK#250
SUPPLY848.3M DYDX
DOMINANCE<0.01%
VS
Tether logo
USDTVerified by G.MARKETS
Tether
TARGET

Tether (USDT) is a cryptocurrency with a value meant to mirror the value of the U.S.

PRICE$0.9993
24H CHANGE 0.02%
MARKET CAP$184.21BFDV $189.67B · 3% supply locked
RANK#3
SUPPLY184.3B USDT
DOMINANCE6.14%
7d 0.07%
PERFORMANCE·NORMALIZED % CHANGE·7D / 30D / 90D / 1Y
SCALE·AREA = MARKET CAP
MARKET CAParea = proportional cap
1.7Kx bigger
DYDX$110.92M
USDT$184.21B
THE CLIMBdYdX logoDYDXTether logoUSDTMULTIPLIER 1.7KxGAP$184.10B
$1.00B$10.00B$100.00B
dYdX logo
SOURCEDYDX$110.92M
Tether logo
TARGETUSDT$184.21B
GALA logo
GALA$111.04M
CASH logo
CASH$126.47M
Zano logo
ZANO$145.89M
IOTA logo
IOTA$172.31M
The Graph logo
GRT$201.16M
Pendle logo
PENDLE$250.41M
First Digital USD logo
FDUSD$347.33M
TrueUSD logo
TUSD$493.58M
ADI logo
ADI$736.17M
Ethereum Classic logo
ETC$1.12B
World Liberty Financial logo
WLFI$1.88B
Gram (prev. Toncoin) logo
GRAM$4.87B
log scale · mcap in USDJul 6, 2026
dYdX logo
DYDXdYdX
$110.92MSOURCE
GALA logo
GALA
$111.04M
CASH logo
CASH
$126.47M
Zano logo
ZANO
$145.89M
IOTA logo
IOTA
$172.31M
The Graph logo
GRT
$201.16M
Pendle logo
PENDLE
$250.41M
First Digital USD logo
FDUSD
$347.33M
TrueUSD logo
TUSD
$493.58M
ADI logo
ADI
$736.17M
Ethereum Classic logo
ETC
$1.12B
World Liberty Financial logo
WLFI
$1.88B
Gram (prev. Toncoin) logo
GRAM
$4.87B
Tether logo
USDTTether
$184.21BTARGET
mcap in USDJul 6, 2026
BAG SCENARIOS·IF DYDX HIT USDT MCAP·TARGET $217.16
SCENARIOBAG SIZECOST TODAYVALUE AT TARGETGAIN
$10 starter100 DYDX$13.07$21,716.46+$21,703.39
Coffee money1K DYDX$130.67$217,164.55+$217,033.88
Small bag10K DYDX$1,306.72$2,171,645.55+$2,170,338.83
Real bag100K DYDX$13,067.20$21,716,455.47+$21,703,388.27
Whale bag1M DYDX$130,672.00$217,164,554.71+$217,033,882.71
Generational10M DYDX$1,306,720.00$2,171,645,547.10+$2,170,338,827.10
$184.21B compared to the world
UnitedHealthUNH
$450.00B
USDT mcap is 40.9% of UnitedHealth
NetflixNFLX
$380.00B
USDT mcap is 48.5% of Netflix
UberUBER
$160.00B
USDT mcap is 1.15× Uber
NikeNKE
$130.00B
USDT mcap is 1.42× Nike
StarbucksSBUX
$100.00B
USDT mcap is 1.84× Starbucks
SpotifySPOT
$90.00B
USDT mcap is 2.05× Spotify

About this comparison

This page compares the market capitalizations of dYdX (DYDX) and Tether (USDT). With dYdX currently at $0.1307 per coin and a market cap of $110.92M, and Tether at $0.9993 with a market cap of $184.21B, applying Tether's market cap to dYdX's circulating supply produces a hypothetical DYDX price of $217.16 — a 1.7Kx move from current.

dYdX: dYdX is DeFi’s pro trading platform and a pioneer in decentralized finance, known for being the first to offer decentralized margin trading and derivatives, as well as inventing…

Tether: Tether (USDT) is a cryptocurrency with a value meant to mirror the value of the U.S.

All figures are live from the underlying market data feed. Past performance and hypothetical valuations are not indicative of future results.

Frequently asked

If dYdX had Tether's market cap, what would the price be?

If dYdX (DYDX) had Tether's (USDT) current market cap of $184.21B, each DYDX would be worth approximately $217.16 based on the circulating supply of 848,250,796 DYDX. That is 1.7Kx the current DYDX price of $0.1307.

What is the current market cap of dYdX?

dYdX (DYDX) currently has a market cap of $110.92M, ranking #250 by market capitalization. Each DYDX trades at $0.1307.

What is the current market cap of Tether?

Tether (USDT) currently has a market cap of $184.21B, ranking #3 by market capitalization. Each USDT trades at $0.9993.

How does DYDX compare to USDT?

dYdX's market cap of $110.92M sits orders of magnitude beyond Tether's $184.21B. For DYDX to reach USDT's current valuation, the price would need to move 1.7Kx from its current level.

Is this comparison financial advice?

No. G.MARKETS is an informational tool. The hypothetical price shown is a mathematical calculation assuming dYdX's circulating supply stays constant — it is not a prediction, recommendation, or any form of financial, investment, legal, or tax advice. Always do your own research before making any decision related to crypto assets.