dYdX is a decentralized Layer 1 blockchain tailored for perpetual derivatives trading, founded in 2017 by Antonio Juliano, a former engineer at Coinbase and Uber. Built on Cosmos SDK with CometBFT consensus, dYdX supports over 200 markets, including BTC, ETH, and SOL, offering traders up to 100x leverage via a decentralized order book paired with on-chain settlement.
In 2024, dYdX migrated to its dedicated blockchain (V4), boosting performance, scalability, and community-led governance. Its native token, $DYDX, underpins platform governance, staking incentives, and trading rewards. Innovations like MegaVault liquidity pools enable users to quickly launch new leveraged markets, reinforcing its role as a leader in DeFi derivatives.
dYdX has a tiered fee structure for perpetual futures trading based on 30-day trailing volume and market share. At Tier 1, users with less than $1M in volume pay a taker fee of 0.0500% and a maker fee of 0.0100%.
As users' trading volumes increase, fees decrease, with Tier 6 users (over $125M in volume and at least 0.5% market share) paying a taker fee of 0.0250% and a maker fee of -0.0050% (rebate). For Tier 9 users, with over $125M in volume and a market share of 4% or more, the maker fee drops to -0.0110%, the lowest available.
dYdX is a decentralized exchange and currently operates without regulatory licenses or oversight.
dYdX operates globally in over 180 countries but restricts access in regions with strict regulatory requirements, including the United States, Canada, the United Kingdom, Iran, Cuba, North Korea, Syria, Myanmar, Crimea, Donetsk, Luhansk, and Mainland China.
Users should regularly review dYdX's Terms of Service to confirm eligibility, as restricted regions may change with evolving regulations.
dYdX is a secure and legitimate decentralized derivatives exchange, operating as a Layer 1 blockchain built on Cosmos SDK with CometBFT consensus. Its security model incorporates independent audits by firms such as Informal Systems, an open-source codebase available for public scrutiny, and an active bug bounty program encouraging vulnerability identification.
The protocol leverages proof-of-stake (PoS) consensus with validator-driven block finalization and implements advanced risk management via Permissioned Keys, offering granular access control ideal for institutional traders and API integrations.
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Futures Volume (24H)
$234.39M
Spot Coins
0
Perp Contracts
228
Options Volume (24H)
0
Open Interest (24H)
$113.41M
Trading Fees
Maker Fee
0.02
%
Taker Fee
0.05
%
Our Score
4.75
Headquaters
Decentralized (Cosmos Chain)
Liquidations (24H)
$0
Funding Rates (USDT Margined)
BTC/USDT undefined%
ETH/USDT undefined%
SOL/USDT undefined%
XRP/USDT undefined%
dYdX
PERPETUALS MARKETS
Explore perpetual market metrics on
dYdX
including volume, open interest, long/short ratios, liquidations and funding rates across all trading pairs.
Pair | Price | Price Change | Funding Rate | Volume | Open Interest | Long/Short (24h) | Long Liquidations (24h) | Short Liquidations (24h) | OI/24h Vol | ||
---|---|---|---|---|---|---|---|---|---|---|---|
BTC/USD | $116579.00 | -1.79% | 0.0056% | $175.98M 10.95% | $66.59M -10.75% | 0.91 | N/A | N/A | 0.3784 -19.56% | ||
ETH/USD | $3729.10 | 2.11% | 0.0031% | $134.03M -2.16% | $63.56M 1.55% | 0.85 | N/A | N/A | 0.4742 3.79% | ||
![]() XRP/USD | $3.14 | -0.81% | 0.0031% | $34.05M -36.83% | $19.89M -5.2% | 1.03 | N/A | N/A | 0.5842 50.06% | ||
![]() SOL/USD | $181.52 | -2.9% | 0.0031% | $12.41M -73.74% | $18.04M -1.35% | 1.07 | N/A | N/A | 1.4531 275.67% | ||
LTC/USD | $116.08 | 2.17% | 0.0000% | $624.8K -52.71% | $6.40M 3.97% | 0.50 | N/A | N/A | 10.2503 119.86% | ||
![]() AAVE/USD | $294.78 | 1.83% | 0.0007% | $3.46M 482.97% | $3.89M 120.95% | 0.51 | N/A | N/A | 1.1237 -62.1% | ||
![]() SUI/USD | $3.77 | 0.91% | 0.0000% | $1.11M -78.46% | $2.65M -3.44% | 0.79 | N/A | N/A | 2.3909 348.24% | ||
![]() MKR/USD | $2167.00 | 4.53% | 0.0000% | $117.8K 220.78% | $2.06M 3.76% | 1.46 | N/A | N/A | 17.5216 -67.65% | ||
![]() PENGU/USD | $0.04 | -1.9% | 0.0013% | $328.8K -50.71% | $2.03M -3.82% | 0.62 | N/A | N/A | 6.1819 95.14% | ||
![]() AVAX/USD | $23.84 | -0.08% | 0.0002% | $1.04M -40.47% | $1.73M 0.34% | 0.92 | N/A | N/A | 1.6681 68.55% |
dYdX
PERPETUALS DATA