dYdX

Perp DEX

$DYDX · Founded 2017 · dydx.exchange ↗

$0.9200.80% 24h

Visit dYdX ↗

Veteran

★★★★★★★★★★

86/100dexwatch score · Excellent

Veteran order-book perps, now on its own Cosmos appchain.

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For beginners

Reliable and proven, but the appchain setup is a small hurdle.

Key metrics

24h volume

$900.0M

7d volume

$6.20B

Total value locked

$350.0M

Open interest

$520.0M

Active addr · 30d

22K

Market share

n/a

Market cap

$690.0M

Maker / taker fee

−0.005% / 0.05%

Max leverage

50×

Trading pairs

142

The honest take

Pros

✓Long track record (since 2017) and battle-tested

✓Fully on-chain order book with pro order types

✓Stake the token to earn a share of protocol fees

Cons

✕Separate appchain adds a bridging step

✕Interface leans technical

Made your choice?

Start trading on dYdX

Non-custodial — connect your wallet and you stay in control of your funds. Leverage is high-risk; only trade what you can afford to lose.

dYdX ChainPerp DEX

Open dYdX ↗ Visit dydx.exchange Affiliate link · dexwatch may earn a commission at no extra cost to you.

Frequently asked about dYdX

Is dYdX safe to use?

dYdX has a dexwatch security score of 86/100 (Excellent). It has been audited by Informal Systems, Trail of Bits, and because it is non-custodial you keep control of your funds in your own wallet.

What are the trading fees on dYdX?

dYdX charges a maker fee of −0.005% and a taker fee of 0.05%. Makers are rebated for adding liquidity, which means you can be paid to provide orders to the book.

What is the maximum leverage on dYdX?

dYdX offers up to 50× leverage on supported markets. High leverage is extremely risky and can liquidate a position quickly — only trade what you can afford to lose.

Which blockchains does dYdX support?

dYdX operates on dYdX Chain.

Is dYdX good for beginners?

Reliable and proven, but the appchain setup is a small hurdle.