Derivatives exchange

dYdX

Perpetual futures exchange running on its own dYdX Chain with an order book and DYDX staking.

No project pays to be listed. How we rank

Facts checked Sep 26, 2026

dYdX key facts

CategoryDerivatives exchange
ChainsdYdX Chain
PlatformsWeb, API
CustodyNon-custodial
FeesUnder $1M 30-day volume: 5.0 bps taker, 1.0 bps maker
US availabilityNot available: US and Canada persons prohibited
Security auditsInformal Systems
About

What is dYdX?

dYdX is a perpetual futures exchange that runs on its own dYdX Chain, with an order book run by validators. The lowest-volume tier pays 5.0 bps taker and 1.0 bps maker. Its terms bar persons in the United States and Canada from the software. The protocol was audited by Informal Systems.

dYdX usage

Total value locked$111.5M+1.4% in 7 days
Fees paid, 24h$11,184
Fees paid, 30d$254,336
Chains2

From DefiLlama (TVL) (fees users paid), updated Sep 26, 2026.

Derivatives exchangeNon-custodialWebAPI

dYdX pros and cons

Pros
  • Taker fee 5.0 bps and maker 1.0 bps at the entry tier
  • Traders earn trading rebates as rewards
  • Core dYdX Chain repositories are public
Cons
  • Not available to persons in the United States or Canada
  • Only one audit firm named on its security page
  • Fee discounts need high volume or staked DYDX

dYdX FAQ

What is dYdX?

dYdX is a perpetual futures exchange that runs on its own dYdX Chain, with an order book run by validators. The lowest-volume tier pays 5.0 bps taker and 1.0 bps maker. Its terms bar persons in the United States and Canada from the software. The protocol was audited by Informal Systems.

How much value is locked in dYdX?

$111.5M according to DefiLlama on Sep 26, 2026. It is deployed on 2 chains: dYdX, Ethereum.

How much does dYdX cost?

Under $1M 30-day volume: 5.0 bps taker, 1.0 bps maker, according to dYdX’s own page (checked Sep 26, 2026).

How much do users pay dYdX in fees?

$254,336 over the last 30 days, according to DefiLlama on Sep 26, 2026.

Is dYdX available in the US?

Not available: US and Canada persons prohibited, according to dYdX’s own page (checked Sep 26, 2026).

Does dYdX hold my funds?

No. dYdX is non-custodial: you keep your funds in your own wallet and sign each transaction.

Sources

  1. dYdX: official site
  2. dYdX: Docs, Rewards and Fees
  3. dYdX: Docs, Compliance
  4. dYdX: Docs, Security
  5. DefiLlama

How this page works

Sources: dYdX: official site, dYdX: Docs, Rewards and Fees, dYdX: Docs, Compliance. Data as of Sep 26, 2026.

How we review

Not affiliated with any project listed. Educational content, not financial advice.