Dash (DASH) Metrics
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Dash (DASH)
What is Dash?
Dash (DASH) is a cryptocurrency project launched in 2014 by Evan Duffield. It was created to provide a fast, cost-effective, and user-friendly digital payment solution. Dash operates on its own blockchain, utilizing a two-tier network architecture with a consensus mechanism known as Proof of Service, which combines features of Proof of Work (PoW) and a masternode system. This architecture enables instant transactions (InstantSend) and enhanced privacy features (PrivateSend). The native token, DASH, serves multiple roles within the network, including transaction fees, governance, and incentivizing network participants through its masternode system. Masternodes are special servers that perform critical functions on the network, such as processing transactions and voting on governance proposals. Dash stands out for its focus on improving transaction speed and privacy, making it a significant player in the digital payments space. Its governance model allows stakeholders to participate directly in decision-making processes, fostering a decentralized and community-driven ecosystem.
When and how did Dash start?
Dash originated in January 2014 when Evan Duffield released its initial version under the name "XCoin." The project quickly rebranded to "Darkcoin" before finally becoming "Dash," short for "Digital Cash," in March 2015. The mainnet launch occurred on January 18, 2014, marking its initial public availability. Dash was designed to offer faster and more private transactions than Bitcoin. Early development focused on enhancing transaction speed and privacy, which led to the implementation of features like InstantSend and PrivateSend. The initial distribution of Dash did not involve an ICO; instead, it was a mined launch. However, the launch faced controversy due to a "fast mine" event that resulted in a significant portion of the total supply being mined within the first two days. Despite this, Dash has continued to evolve, establishing a robust ecosystem and governance model through its decentralized autonomous organization (DAO).
What’s coming up for Dash?
According to official updates, Dash is preparing for the release of Dash Platform v0.24, which is planned for Q4 2023. This update will focus on enhancing the platform's performance and scalability. Additionally, the Dash Core Group is working on improving the DashPay wallet, with new features expected to be rolled out by the end of the year. Another significant initiative includes the integration of enhanced privacy features, targeted for early 2024, to bolster user security and privacy. These milestones aim to improve the overall user experience and expand Dash's capabilities as a digital currency, with progress being tracked through the project's official development channels and community updates.
What makes Dash stand out?
Dash distinguishes itself through its innovative two-tier network architecture, which includes both miners and masternodes. This structure enhances transaction speed and privacy, with features like InstantSend for near-instant transactions and PrivateSend for enhanced privacy. Dash employs a unique consensus mechanism known as ChainLocks, which secures the network against 51% attacks by leveraging masternode quorums to confirm blocks instantly. Additionally, Dash's governance model allows masternode operators to vote on proposals for network improvements, creating a decentralized decision-making process. This self-funding treasury system supports continuous development and community projects, ensuring sustainability and adaptability. Dash's focus on usability and accessibility is evident through partnerships and integrations that facilitate real-world adoption, such as merchant solutions and payment gateways. These elements contribute to Dash's distinct role in the cryptocurrency landscape, emphasizing speed, security, and community-driven governance.
What can you do with Dash?
Dash is primarily used for fast and low-cost transactions, enabling users to send and receive payments efficiently. Holders of DASH can participate in the network by running masternodes, which help secure the network and facilitate features like InstantSend and PrivateSend, enhancing transaction speed and privacy. These masternodes require a collateral of DASH, which also allows holders to participate in governance by voting on proposals that shape the future of the network. Developers can leverage Dash's platform to build decentralized applications (dApps) and integrate Dash payments into their services, benefiting from its swift transaction capabilities. The ecosystem supports various wallets and integrations, allowing for seamless use of DASH in different applications. Dash's infrastructure is designed to support both on-chain and off-chain utilities, making it a versatile option for users and developers alike.
Is Dash still active or relevant?
Dash remains active, as evidenced by recent development updates and governance activity. In August 2023, Dash released a new software update that focused on improving network stability and security. The project continues to maintain a strong presence on various cryptocurrency exchanges, ensuring liquidity and accessibility for users. Dash's governance model remains a key feature, with active proposals and community voting shaping the project's direction. This decentralized governance system allows stakeholders to participate in decision-making, ensuring that the project adapts to user needs and market conditions. The Dash ecosystem continues to support integrations with payment processors and merchants, facilitating its use as a digital currency for everyday transactions. These factors indicate that Dash maintains its relevance within the cryptocurrency sector, particularly in the area of digital payments and decentralized governance.
Who is Dash designed for?
Dash is designed primarily for consumers and businesses, enabling them to conduct fast, secure, and low-cost financial transactions. It provides a user-friendly experience with tools such as digital wallets and payment solutions, facilitating everyday transactions and online payments. Secondary participants, such as developers and merchants, are supported through resources like SDKs and APIs, which help integrate Dash into various platforms and services. Additionally, Dash's governance model allows community members to participate in decision-making processes, contributing to the network's development and sustainability. This structure ensures that Dash remains a versatile and accessible option for both individual users and business entities seeking efficient and decentralized payment solutions.
How is Dash secured?
Dash uses a hybrid consensus mechanism combining Proof of Work (PoW) and a second-tier masternode network to secure its blockchain. In the PoW layer, miners validate transactions and create new blocks using the X11 hashing algorithm, which involves a sequence of 11 different cryptographic hashes. This algorithm enhances security and reduces energy consumption compared to single-hash algorithms. The second-tier involves masternodes, which must hold a collateral of 1,000 DASH to operate. These masternodes perform crucial functions such as facilitating InstantSend and PrivateSend features, and participate in governance decisions. They provide an additional layer of security by validating transactions and ensuring network consensus. Dash aligns participant incentives through mining rewards and masternode payments, distributing block rewards between miners, masternodes, and a treasury for network development. This structure encourages honest participation and deters malicious activity. Furthermore, Dash undergoes regular audits and employs a decentralized governance system, enhancing its overall security and resilience.
Has Dash faced any controversy or risks?
Dash has faced several controversies and risks, primarily related to its privacy features and governance model. One significant controversy occurred in 2014, shortly after its launch, when a bug in the code resulted in the rapid mining of a large number of coins, known as the "instamine" incident. The team addressed this by proposing a community vote on how to handle the situation, though it remains a point of contention for some. Dash's privacy features have also drawn regulatory scrutiny, as privacy coins often face challenges related to anti-money laundering (AML) compliance. This has led to delistings from certain exchanges concerned about regulatory repercussions. Additionally, Dash's unique governance model, which allows masternode operators to vote on budget proposals, has occasionally sparked debates within the community regarding centralization and decision-making processes. The Dash team actively mitigates risks through ongoing development, regular code audits, and community engagement to address potential vulnerabilities. However, like many blockchain projects, Dash continues to navigate risks associated with regulatory changes and market dynamics.
Dash (DASH) FAQ – Key Metrics & Market Insights
Where can I buy Dash (DASH)?
Dash (DASH) is widely available on centralized cryptocurrency exchanges. The most active platform is Binance Futures, where the DASH/USDT trading pair recorded a 24-hour volume of over $30 592 120.91. Other exchanges include Deepcoin Derivative and Binance.
What's the current daily trading volume of Dash?
As of the last 24 hours, Dash's trading volume stands at $52,416,610.85 , showing a 44.87% decline compared to the previous day. This suggests a short-term reduction in trading activity.
What's Dash's price range history?
All-Time High (ATH): $1 642.22
All-Time Low (ATL): $0.213899
Dash is currently trading ~97.95% below its ATH
and has appreciated +24,014% from its ATL.
What's Dash's current market capitalization?
Dash's market cap is approximately $423 968 799.00, ranking it #115 globally by market size. This figure is calculated based on its circulating supply of 12 611 573 DASH tokens.
How is Dash performing compared to the broader crypto market?
Over the past 7 days, Dash has gained 3.71%, outperforming the overall crypto market which posted a 1.48% decline. This indicates strong performance in DASH's price action relative to the broader market momentum.
Trends Market Overview
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Dash Basics
| Whitepaper |
|---|
| Development status | Working product |
|---|---|
| Open Source | Yes |
| Consensus Mechanism | Proof of Work |
| Algorithm | X11 |
| Hardware wallet | Yes |
| Started |
18 January 2014
over 12 years ago |
|---|
| Website | dash.org |
|---|---|
| Wallet | Coins Mobile App |
| Source code | github.com |
|---|---|
| Asset type | Coin |
| Explorers (4) | chainz.cryptoid.info dash.tokenview.io explorer.dash.org insight.dash.org |
|---|
| Tags |
|
|---|
| Blog | dash.org |
|---|---|
| facebook.com | |
| Faq | dashpay.atlassian.net |
| Forum | dash.org |
| reddit.com |
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Dash Team
Austin possesses an A.B. in Economics from Harvard and an M.B.A. in Finance and Management from Columbia Business School.
Glenn Austin is engaged in 1 projectsBusiness executive with 30 years of experience in high-growth, technology dependent companies from start-up to multi-billion dollar corporations.
Bob Carroll is engaged in 1 projectsNode.js, React, Python fanatic with a love for serverless and blockchain technologies.
Kamuela Franco is engaged in 1 projectsFull Stack Javascript Developer experienced in building high load backend services for mobile applications and sites. Works with Node.js/React.js.
Anton Suprunchuk is engaged in 1 projectsAndroid Developer with 5+ years of experience, published several apps to Google Play with millions of downloads and 4+ star rating.
Samuel Barbosa is engaged in 1 projectsDana Alibrandi is a product manager with over 5 years of experience building web and mobile products.
Dana Alibrandi is engaged in 1 projectsCurrently the regional manager (North America and Canada) of Dash - one of the leading global cryptocurrencies and a premier payments solution.
Omar Hamwi is engaged in 1 projectsMarketing manager with 12 years of experience in technology and consumer products experienced in business growth within Latin American markets.
Ernesto Contreras Escalona is engaged in 1 projectsDash Exchanges
Dash Markets
What is Market depth?
Market depth is a metric, which is showing the real liquidity of the markets. Due to rampant wash-trading and fake activity - volume currently isn't the most reliable indicator in the crypto space.
What is it measuring?
It's measuring 1% or 10% section of the order book from the midpoint price (1%/10% of the buy orders, and 1%/10% of the sell orders).


Why it is important to use only 1% or 10%?
It's important, because measurement of the whole order book is going to give false results due to extreme values, which can make false illusion of liquidity for a given market.
How to use it?
By default Market depth is showing the most liquid markets sorted by Combined Orders (which is a sum of buy and sell orders). This way it provides the most interesting information already. Left (green) side of the market depth bar is showing how many buy orders are open, and right (red) side of the bar is showing how many sell orders are open (both can be recalculated to BTC, ETH or any fiat we have available on the site).


Confidence
Due to rampant malicious practices in the crypto exchanges environment, we have introduced in 2019 and 2020 new ways of evaluating exchanges and one of them is - Confidence. Because it's a new metric - it's essential to know how it works.
Confidence is weighted based on 3 principles:
Based on the liquidity from order books (75%) - including overall liquidity and market depth/volume ratio, volumes included, if exchange is low volume (below 2M USD volume 24h)
Based on web traffic (20%) - using Alexa rank as a main indicator of site popularity
Based on regulation (5%) - researching and evaluating licensing for exchange - by respective institutions
Adding all of these subscores give overall main result - Confidence
Confidence is mainly based on liquidity, because it's the most important aspect of cryptocurrency exchanges. Without liquidity there is no trading, illiquid markets tend to collapse in the long term. Besides liquidity - there is also an additional factor in calculation of score - market depth/volume ratio. If volume is huge (especially when it’s growing much faster than liquidity), and market depth seems to not keep pace with - it's reducing overall score. Exchanges that keep market makers liquidity with expanding volume are those that keep all ratios in-tact and have overall score above 75-80% (it means that they have all liquidity ratios above minimum requirements, high web traffic participation, and are often regulated).
Other coins worth interest - similar to Dash
| # | Name | MarketCap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 1 | Bitcoin BTC | $1 366 084 731 310 | $68 312.91 | $39 590 607 594 | 19,997,462 | |||
| 2 | Ethereum ETH | $238 559 362 527 | $1 980.96 | $18 469 119 345 | 120,426,316 | |||
| 4 | BNB BNB | $88 132 274 407 | $633.20 | $984 369 569 | 139,184,442 | |||
| 5 | XRP XRP | $83 166 220 193 | $1.36 | $2 350 527 925 | 61,090,376,977 | |||
| 7 | Solana SOL | $48 820 868 387 | $85.69 | $3 766 178 362 | 569,767,203 |
| # | Name | MarketCap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 20 | Monero XMR | $6 290 881 132 | $341.03 | $142 237 390 | 18,446,744 | |||
| 22 | Canton Network CC | $5 510 467 648 | $0.157884 | $6 964 644 | 34,901,891,555 | |||
| 30 | Litecoin LTC | $4 126 583 451 | $54.61 | $413 359 625 | 75,558,487 | |||
| 32 | Zcash ZEC | $3 573 168 320 | $218.83 | $290 511 870 | 16,328,269 | |||
| 63 | Worldcoin WLD | $1 133 969 255 | $0.392517 | $66 324 049 | 2,888,968,076 |
| # | Name | MarketCap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 55 | Internet Computer ICP | $1 343 226 154 | $2.44 | $47 935 582 | 549,388,149 | |||
| 63 | Worldcoin WLD | $1 133 969 255 | $0.392517 | $66 324 049 | 2,888,968,076 | |||
| 99 | Stable STABLE | $520 811 551 | $0.029592 | $19 847 863 | 17,600,000,000 | |||
| 100 | Decred DCR | $504 507 498 | $29.16 | $4 460 878 | 17,303,843 | |||
| 110 | PancakeSwap CAKE | $442 561 571 | $1.34 | $29 184 287 | 330,372,179 |
| # | Name | MarketCap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 7 | Solana SOL | $48 820 868 387 | $85.69 | $3 766 178 362 | 569,767,203 | |||
| 8 | TRON TRX | $24 240 238 128 | $0.280678 | $467 299 398 | 86,363,298,503 | |||
| 12 | Cardano ADA | $10 105 549 286 | $0.262738 | $621 608 177 | 38,462,487,159 | |||
| 38 | Toncoin TON | $3 065 310 002 | $1.25 | $68 744 105 | 2,452,717,619 | |||
| 51 | Near Protocol NEAR | $1 600 037 272 | $1.35 | $578 607 069 | 1,185,165,436 |
| # | Name | MarketCap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 5 | XRP XRP | $83 166 220 193 | $1.36 | $2 350 527 925 | 61,090,376,977 | |||
| 6 | USDC USDC | $76 382 073 927 | $1.000050 | $15 830 718 459 | 76,378,236,347 | |||
| 7 | Solana SOL | $48 820 868 387 | $85.69 | $3 766 178 362 | 569,767,203 | |||
| 10 | Dogecoin DOGE | $13 415 060 232 | $0.089945 | $1 233 116 253 | 149,147,696,384 | |||
| 12 | Cardano ADA | $10 105 549 286 | $0.262738 | $621 608 177 | 38,462,487,159 |
| # | Name | MarketCap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 1 | Bitcoin BTC | $1 366 084 731 310 | $68 312.91 | $39 590 607 594 | 19,997,462 | |||
| 10 | Dogecoin DOGE | $13 415 060 232 | $0.089945 | $1 233 116 253 | 149,147,696,384 | |||
| 14 | Bitcoin Cash BCH | $8 818 598 028 | $443.91 | $290 470 619 | 19,865,787 | |||
| 20 | Monero XMR | $6 290 881 132 | $341.03 | $142 237 390 | 18,446,744 | |||
| 32 | Zcash ZEC | $3 573 168 320 | $218.83 | $290 511 870 | 16,328,269 |
| # | Name | MarketCap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 290 | Horizen ZEN | $89 541 740 | $5.50 | $13 619 010 | 16,276,188 | |||
| 633 | FLUX FLUX | $24 049 498 | $0.059586 | $1 986 951 | 403,608,070 | |||
| 894 | Firo FIRO | $10 601 752 | $0.738059 | $146 221 | 14,364,362 | |||
| 936 | Syscoin SYS | $9 540 337 | $0.011443 | $2 384 282 | 833,732,458 | |||
| 1038 | PIVX PIVX | $7 384 122 | $0.083944 | $1 618 204 | 87,964,829 |
| # | Name | MarketCap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 1 | Bitcoin BTC | $1 366 084 731 310 | $68 312.91 | $39 590 607 594 | 19,997,462 | |||
| 5 | XRP XRP | $83 166 220 193 | $1.36 | $2 350 527 925 | 61,090,376,977 | |||
| 10 | Dogecoin DOGE | $13 415 060 232 | $0.089945 | $1 233 116 253 | 149,147,696,384 | |||
| 14 | Bitcoin Cash BCH | $8 818 598 028 | $443.91 | $290 470 619 | 19,865,787 | |||
| 44 | Cronos CRO | $2 000 494 222 | $0.075287 | $8 310 489 | 26,571,560,696 |
| # | Name | MarketCap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 1 | Bitcoin BTC | $1 366 084 731 310 | $68 312.91 | $39 590 607 594 | 19,997,462 | |||
| 10 | Dogecoin DOGE | $13 415 060 232 | $0.089945 | $1 233 116 253 | 149,147,696,384 | |||
| 14 | Bitcoin Cash BCH | $8 818 598 028 | $443.91 | $290 470 619 | 19,865,787 | |||
| 20 | Monero XMR | $6 290 881 132 | $341.03 | $142 237 390 | 18,446,744 | |||
| 30 | Litecoin LTC | $4 126 583 451 | $54.61 | $413 359 625 | 75,558,487 |
| # | Name | MarketCap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 2 | Ethereum ETH | $238 559 362 527 | $1 980.96 | $18 469 119 345 | 120,426,316 | |||
| 7 | Solana SOL | $48 820 868 387 | $85.69 | $3 766 178 362 | 569,767,203 | |||
| 12 | Cardano ADA | $10 105 549 286 | $0.262738 | $621 608 177 | 38,462,487,159 | |||
| 31 | Avalanche AVAX | $3 861 921 313 | $9.15 | $289 513 077 | 422,275,285 | |||
| 33 | Sui SUI | $3 533 938 809 | $0.906142 | $660 014 160 | 3,899,984,688 |
| # | Name | MarketCap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 2 | Ethereum ETH | $238 559 362 527 | $1 980.96 | $18 469 119 345 | 120,426,316 | |||
| 26 | Stellar XLM | $4 982 822 849 | $0.151125 | $111 500 545 | 32,971,530,929 | |||
| 278 | Zano ZANO | $96 925 721 | $6.38 | $663 067 | 15,182,289 | |||
| 286 | Qtum QTUM | $91 615 568 | $0.913813 | $11 467 403 | 100,256,410 | |||
| 326 | Nervos Network CKB | $73 024 249 | $0.001511 | $2 373 986 | 48,322,788,884 |
| # | Name | MarketCap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 3537 | LQX COIN LQX | $78 282.00 | $0.000326 | $0.008297 | 239,819,520 | |||
| 3611 | Axe AXE | $5 267.00 | $0.000683 | $92.11 | 7,708,509 | |||
| 4236 | BowsCoin BSC | $7 048.00 | $0.001270 | $0.243531 | 5,550,102 | |||
| 4808 | Polis POLIS | $5 117.00 | $0.000520 | $2.74 | 9,831,891 | |||
| 5154 | Bolivarcoin BOLI | $29 796.00 | $0.001501 | $2.06 | 19,850,262 |
What is Market depth?
Market depth is a metric, which is showing the real liquidity of the markets. Due to rampant wash-trading and fake activity - volume currently isn't the most reliable indicator in the crypto space.
What is it measuring?
It's measuring 1% or 10% section of the order book from the midpoint price (1%/10% of the buy orders, and 1%/10% of the sell orders).


Why it is important to use only 1% or 10%?
It's important, because measurement of the whole order book is going to give false results due to extreme values, which can make false illusion of liquidity for a given market.
What is showing Historical Market Depth?
Historical Market Depth is showing the history of liquidity from the markets for a given asset. It’s a measure of combined liquidity from all integrated markets on the coinpaprika’s market depth module.
Dash



