Total Value Locked
$380.0M
24h Volume
$650.0M
Swap Fee
Free
Chains Supported
1
About dYdX
dYdX is the leading decentralized derivatives exchange, offering perpetual futures contracts with up to 20x leverage. Founded by Antonio Juliano, dYdX V4 migrated to its own Cosmos-based appchain in late 2023, enabling a fully decentralized order book with zero gas fees on trades. Unlike AMM-based DEXs, dYdX uses a traditional central limit order book (CLOB) for professional-grade trading. Makers earn negative fees (rebates of 0.02%) while takers pay 0.05%. The platform consistently ranks among the highest-volume derivatives exchanges, competing directly with centralized perpetual platforms.
Supported Blockchains
D
Dydx-chain
Features
Pros & Cons
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
Fee Structure
Swap Fee Free
Maker Fee -0.02% (Rebate)
Taker Fee 0.05%
Security & Info
Audited
Yes
Auditors
Trail of Bits Informal Systems Peckshield
Governance DYDX
Launch Date April 1, 2019