dYdX vs Hyperliquid
A detailed comparison of dYdX and Hyperliquid covering fees, liquidity, supported chains, features, and more to help you choose the right DEX.
Side-by-Side Comparison
Supported Chains
dYdX
1 chainsHyperliquid
1 chainsFee Calculator
See exactly how much you would pay in fees for a $1,000 swap on each exchange.
dYdX
Hyperliquid
Pros & Cons
dYdX
Pros
- True order book matching
- No gas fees on trades
- Maker rebates (negative fees)
- Professional-grade platform
Cons
- Derivatives only (no spot trading)
- Requires bridging to dYdX Chain
- Limited perpetual markets
Hyperliquid
Pros
- Fastest on-chain perpetuals exchange
- Full on-chain order book with CEX-like UX
- Zero gas fees for trading
- Self-custodial with transparency
Cons
- Requires bridging to Hyperliquid L1
- Newer platform with less track record
- Limited spot trading pairs
Features
dYdX
6 featuresHyperliquid
6 featuresWhich Should You Choose?
Hyperliquid leads in most metrics, particularly deeper liquidity and higher trading volume. However, dYdX remains competitive.
Hyperliquid
Choose Hyperliquid if you prioritize deeper liquidity, higher trading volume.
Security Note: Both dYdX (audited by Trail of Bits, Informal Systems, Peckshield) and Hyperliquid (audited by Zellic) have been independently audited. Always verify audits and do your own research before depositing funds.
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