dYdX DEX profile
Editorial record: June 1, 2026
Type
order-book
Swap Fee
0.05%
Trading Pairs
180+
Source status
Check provider
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Risk Disclaimer
Cryptocurrency trading and investing involve a substantial risk of loss. Prices can change significantly in a short period, and you can lose some or all of your invested capital. This page gives information and does not give financial, investment, or legal advice. Check current provider terms and assess your risk before you make a financial decision. InsideCryptoReview can earn a commission from an affiliate link. A provider cannot approve or change our editorial copy. Past performance does not guarantee future results. Invest only an amount that you can afford to lose.
Editorial desk producing public-source crypto product research. Pages identify their evidence and limitations; hands-on testing is claimed only when dated evidence is shown.
Last Updated: June 1, 2026
Our MethodologyOverview
dYdX is a perpetual futures exchange that runs on its own Cosmos-based chain. Its trading design uses an order book and wallet-based custody. The protocol has its own validator and governance system. Perpetual contracts create liquidation risk, and availability can differ by region.
Profile summary
Decentralized perpetual exchange with order-book trading
Fees & Costs
| Swap Fee | 0.05% |
| Protocol Fee | 0.05% |
| Gas Estimate | No gas fees (off-chain orderbook) |
Security & Audits
| Audits | Informal Systems, Peckshield, Trail of Bits |
| Open Source | ✓ Yes |
| Bug Bounty | ✓ $1,000,000 |
Features
Supported Chains
| Limit Orders | ✓ Yes |
| Perpetuals | ✓ Yes |
| Cross-Chain | ✗ No |
| Lending | ✗ No |
| Farming | ✗ No |
| Staking | ✓ Yes |
Pros & Cons of dYdX
Pros of dYdX
- ✓Professional orderbook trading with limit orders
- ✓No gas fees on the dYdX Chain
- ✓180+ perpetual markets with up to 20x leverage
- ✓Self-custody with CEX-like UX
- ✓Maker rebates pay you to provide liquidity
Cons of dYdX
- ✗Spot trading not available (perpetuals only)
- ✗Requires bridging assets to dYdX Chain
- ✗Learning curve for derivatives trading
dYdX is a perpetual futures exchange using an orderbook, while Uniswap is a spot DEX using an AMM. dYdX offers leverage trading (up to 20x), limit orders, and advanced order types. There are no gas fees per trade on dYdX. However, dYdX only offers derivatives - for spot trading, use Uniswap or similar AMMs.
dYdX V4 runs on its own Cosmos-based blockchain with 60+ validators, making it one of the most decentralized derivatives platforms. Users maintain self-custody of funds. The protocol has been audited by Trail of Bits, Peckshield, and others, with a $1M bug bounty. However, derivatives trading carries inherent risks including liquidation with leverage.
dYdX charges 0.05% taker fees and 0.02% maker fees for standard accounts. Higher volume traders receive fee discounts, and DYDX stakers get additional reductions. There are zero gas fees per trade since the orderbook runs off-chain on the dYdX Cosmos blockchain. The only gas cost is bridging assets to the dYdX Chain initially.
Connect a wallet and bridge supported collateral to the dYdX Chain. Select a market, leverage level, and order type. Check bridge, margin, liquidation, and stop-order rules before you confirm.
GMX, Hyperliquid, and Gains Network use different perpetual-trading models. Compare margin rules, execution, and market availability before choosing a venue. Centralized futures venues use custodial accounts.
dYdX offer details
Check current terms, eligibility, and availability before you use an offer.
dYdX alternatives
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When to skip dYdX
Skip dYdX if you cannot verify its contracts, network costs, and asset liquidity before you trade.
Sources & References
Market Data
Security
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Risk Disclaimer
Cryptocurrency trading and investing involve a substantial risk of loss. Prices can change significantly in a short period, and you can lose some or all of your invested capital. This page gives information and does not give financial, investment, or legal advice. Check current provider terms and assess your risk before you make a financial decision. InsideCryptoReview can earn a commission from an affiliate link. A provider cannot approve or change our editorial copy. Past performance does not guarantee future results. Invest only an amount that you can afford to lose.
