DODO Price
(DODO)
USD($)
DODO (DODO) Live Price Chart
Overview
About
Analysis
FAQ
DODO Live Price Data
The live price of DODO is $0.1424, with a total trading volume of $ 114,550 in the last 24 hours. The price of DODO changed by -3.84% in the past day, and its USD value has decreased by -21.09% over the last week. With a circulating supply of 725,703,404 DODO, the market cap of DODO is currently 102.81M USD, marking a --% increase today. DODO currently ranks #267 in market cap.
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Note: This data is for reference only.
DODO(DODO) Profile
Rank267
BBExpand 
Website
Documentation
Explorer
Contract
- Ethereum 0x43dfc4...ddd
- BNB Smart Chain (BEP20) 0x67ee3C...9e2
Audited By
- https://github.com/DODOEX/contractV2/blob/main/audit/PeckShield-Audit-DODOV2-v1.0.pdf
Code & Community
Investors
- Pantera Capital
- Framework Ventures
- Coinbase Ventures
- Binance Labs
- CMS Holdings
- Three Arrows Capital
- Defiance Capital
- Galaxy Digital
- IOSG Ventures
- Robot Ventures
- Zonff Partners
- SevenX Ventures
- LongHash Ventures
- Exnetwork Capital
- DeFi Alliance
$0.1385
$0.1577
- ATH
- $8.51
- Price Change (1h)
- +1.49%
- Price Change (24h)
- -3.84%
- Price Change (7d)
- -21.09%
- Market Cap
- $102.81M
- 24h Volume
- $114,550
- Circulating Supply
- 725,703,404
- Max Supply
- 1B
About DODO
How can I buy DODO (DODO)?
Buying DODO on KuCoin is fast and simple. Create an account, verify your identity, deposit funds, and start your trading. It's that simple! See How to Buy DODO (DODO) for more information. What Is DODO (DODO) Crypto?
DODO is an algorithm-driven decentralized trading protocol designed for efficient liquidity and convenient trading of web3 assets. The protocol utilizes an innovative Proactive Market Maker (PMM) algorithm to offer deep liquidity in digital assets across multiple blockchain ecosystems, including Ethereum. BNB Chain, Polygon, Arbitrum, and more.
DODO is designed to give users the best possible price and liquidity in supported digital assets. The liquidity is provided by its protocol and aggregated from other DEXs, and services DeFi users in the best possible manner.
The DODO protocol also features NFT liquidity solutions through its NFT fragmentation technology. It supports a Buyout Model to support liquidity in high-value NFTs and a Retail Model to sustain liquidity in low to medium-value NFTs in the market.
DODO, an ERC-20 token issued on Ethereum and mapped to other supported networks, functions as the native token of the DODO DEX. It incentivizes the growth of the DODO ecosystem and captures value. In addition, $DODO also serves as DODO’s governance token.
How Does DODO Work?
DODO is designed as an efficient and decentralized crypto marketplace with an innovative approach to providing liquidity on a DEX. Unlike most DEXs that use automated market makers (AMMs) and liquidity pools with slippage and volatility challenges, DODO’s PMM algorithm leverages oracles to determine accurate asset pricing, reducing slippage and impermanent loss.
DODO’s PMM algorithm is based on an effective inventory management strategy. It adjusts the price of a digital asset based on its anticipation of changes in supply and demand in the market.
Changes to the inventory - the quantity of a digital asset drives changes to the asset’s value, and the PMM ensures that market makers concentrate the liquidity of the asset around a specific price. The PMM algorithm also accounts for the slippage factor, offering a greater concentration of liquidity and better prices when this factor is lower.
DODO’s decentralized trading platform lets users create and issue custom tokens quickly with no coding experience, create and manage liquidity pools for free, and offers rewards in DODO tokens when staking selected tokens for market making. In addition, community-built pools on the platform support democratization of token distribution. The DODO protocol also supports the trading of fractionalized NFTs.
History of DODO DEX
DODO is the brainchild of Diane Dai, Radar Bear, and other anonymous developers. The team developed the Proactive Market Marker (PMM) algorithm in April 2020 and the Proof of Concept for their project a month later.
The DODO exchange launched in August 2020 and received seed funding of $600,000, led by Framework Ventures. In September 2020, the developers raised an additional $5 million through a private sale.
This round of funding helped finance the development of DODO v2 for deployment on Ethereum and Binance Smart Chain (now BNB Chain) ecosystems. DODO v2’s beta version was launched in February 20201, adding extra features such as liquidity source aggregation, SmartTrade, Crowdpooling, and more.
The development team also rolled out DODO’s governance mechanism and updated the DODO tokenomics in this new protocol version. $DODO holders could also enjoy access to Crowdpooling and IDO allocations while receiving trading fee discounts on the protocol.
DODO (DODO) Price Movements ($)
| Period | Change | Change (%) |
|---|---|---|
| Today | $-0.0061 | -4.10% |
| 7 Days | $-0.0381 | -21.10% |
| 30 Days | $0.0202 | 16.61% |
| 3 Months | $0.0116 | 8.94% |
24H Investment Barometer
24H
- Neutral
- The Investment Barometer represents the current sentiment of the majority of KuCoin users. It is based on multiple indicators, and can be used as an aspect to take into consideration when planning investments.
Strong SellSellNeutralBuyStrong Buy
DODO Conversion Rate
FAQ
How much is 1 DODO (DODO) worth?
KuCoin provides real-time USD price updates for DODO (DODO). DODO price is affected by supply and demand, as well as market sentiment. Use the KuCoin Calculator to obtain real-time DODO to USD exchange rates. Is DODO Crypto a Good Investment?
DODO is a promising token to add to your portfolio, especially if you believe in the potential of decentralized finance (DeFI). As the native token of a popular DEX project, a positive outlook toward DeFi among crypto investors could significantly boost the DODO price statistics.
As DODO expands to more blockchain networks and provides liquidity for more crypto assets, investor confidence in its native token could rise further. The DODO token price could also increase as the developers add new features and upgrade the protocol to make it faster, more efficient, and more attractive.
The value of DODO crypto could also be boosted by increased trading activity on its platform. Such a move could increase the demand for its native crypto assets, driving up the DODO price in the market.
What Is DODO Coin Price Prediction?
While it is impossible to offer an accurate DODO price prediction over any duration, several fundamentals could drive volatility and price action in the DODO coin, including:
On-chain Activity
The price of DODO coin could strengthen as more DeFi traders use the platform for decentralized trading and providing liquidity. Higher liquidity boosts investor confidence in the project and increases the demand for DODO tokens, supporting its value in the market.
Future Developments
The DODO token price could also witness an uptrend when the developers roll out new features that make the platform more liquid, easy to use, and efficient, pulling traders away from competitors. This could also make the DODO crypto attractive to buy and hold among investors.
Market Outlook
A positive market outlook toward cryptocurrencies in general and DeFi in particular also plays a vital role in boosting the value of DODO crypto. A bullish market sentiment encourages buying activity that drives the price of DODO higher. On the other hand, a bearish or risk-averse sentiment among investors results in sell-offs that could weaken the DODO price.
What Is DODO Token Used For?
$DODO is the DODO DEX’s native token and has the following use cases:
Utility Token
DODO is the utility token of the DODO exchange, distributed as reward to foster the platform’s growth. It is also used to capture value, improving the overall community’s engagement within the protocol.
Governance Token
It is also the governance token of the DODO platform, letting token holders lock their assets to enjoy voting rights. DODO holders can participate in the protocol’s decentralized governance mechanism by voting on proposals and submitting proposals that shape the future evolution of DODO decentralized exchange.
Crypto Asset to Trade and HODL
Trade DODO against other crypto assets in the market to profit from changing volatility. Buy or sell DODO against other cryptocurrencies or hold it long-term if you believe in the future potential of the DODO protocol. Review the current price of DODO, DODO current market cap, current circulating supply, and 24-hour trading volume, and perform technical, sentiment, and fundamental analysis on the DODO price chart before trading DODO in the market.
Earn Passive Income on KuCoin
You can also earn passive income and grow your DODO holdings securely and conveniently using our Crypto Lending service. Head to this section to lend liquidity in DODO on KuCoin. Earn attractive daily interest over seven days, 14 days, or 28 days and grow your portfolio quickly.
How to Earn DODO
You can stake LP tokens on the DODO exchange and earn rewards in $DODO. Here’s how to do this:
1. Visit the DODO DEX dApp and connect your wallet to the app. Ensure your wallet is funded with sufficient LP tokens for staking purposes.
2. Click on the Earn tab from the left corner of the DODO app’s page.
3. View the active staking pools on supported blockchain networks to find the ideal option for staking your LP tokens. Review the APRs on offer.
4. Click on the Stake button under the LP token of your choice.
5. Enter the number of LP tokens you wish to stake and select the duration you want to lock your tokens.
6. Sit back, earn rewards in DODO, and grow your crypto holdings through liquidity mining in DODO.
Who Are DODO Protocol’s Investors?
Several renowned players from the crypto industry have invested in the DODO project, including Framework Ventures, Pantera Capital, Binance Labs, Coinbase Ventures, Galaxy Digital, and more. Individual investors in the DEX include Jason Choi, Spencer Noon, Qiao Wang, Alexander Pack, and Bobby Ong.
What is the all-time high price of DODO (DODO)?
The all-time high price of DODO (DODO) is $8.5100. The current price of DODO is down 98.33% from its all-time high.
What is the all-time low price of DODO (DODO)?
The all-time low price of DODO (DODO) is $0.0623. The current price of DODO is up 128.47% from its all-time low.
How much DODO (DODO) is there in circulation?
As of 12 22, 2024, there is currently 725,703,404 DODO in circulation. DODO has a maximum supply of 1B.
What is the market cap of DODO (DODO)?
The current market cap of DODO is $102.81M. It is calculated by multiplying the current supply of DODO by its real-time market price of $102.81M.
How do I store DODO (DODO)?
You can securely store your DODO in the custodial wallet on the KuCoin exchange without having to worry about managing your private keys. Other ways to store your DODO include using a self-custody wallet (on a web browser, mobile device, or desktop/laptop computer), a hardware wallet, a third-party crypto custody service, or a paper wallet.