PERPS ATLASPERPETUAL MARKETS INTELLIGENCE
PERP DEX DIRECTORY
← All perp DEXs
PERP DEX · DYDX

dYdX

Stable

dYdX is a decentralized perpetual futures exchange on dYdX. Trading model: Order book on its own chain. It lists perpetual markets on traditional assets such as stocks, commodities or FX alongside crypto.

Open interest$39.64M#23 of 91 · 0.3% share
Volume · 24h$32.13MRolling 24h · CoinGecko
Fees · 30d$279.83K+2.5% vs prior 30d
OI · 30d change-13.1%Daily average vs prior 30 days
DYDX price$0.136+11.3% 30d
Perp markets78Listed pairs · CoinGecko
KEY FACTS

dYdX at a glance

Launched
2023-10 source ↗dYdX Chain genesis 26 Oct 2023; full trading enabled 28 Nov 2023
Trading fees (base tier)
Taker 0.05% · maker 0.01% source ↗Tier 1 (<$1M 30d volume); governance-set, matches on-chain perpetual_fee_params
Maximum leverage
50× source ↗from initialMarginFraction 0.02 on largest markets
Perp markets
About 73 · includes stocks, commodities or FX source ↗ACTIVE markets (296 listed incl. inactive); RWA: WTI, XAG, PAXG
Collateral
USDC (Noble USDC) source ↗
KYC
Not verified yet
Restricted regions
United States, Canada, United Kingdom, Iran, Cuba, North Korea, Syria, Myanmar, Crimea, Donetsk, Luhansk, other US comprehensively sanctioned regions source ↗as summarised in docs.dydx.xyz Compliance section United Kingdom added from dYdX help article 166970 (geo-restrictions for dydx.trade).
Audits
Informal Systems source ↗
Incidents
2025-10-10: dYdX Chain halted (~hours) during extreme volatility; resolved, funds safe per official incident review source ↗
Points program
Not live source ↗Surge incentives dropped the points structure in Aug 2025 (fee-based rewards/rebates instead)
Referral program
Yes. Benefit for the referred trader: “referred users enjoy fee tier discounts, starting at fee tier 3, which allows them to save up to $550 on fees” source ↗

From dYdX’s own documentation, terms, API or official posts, checked 08 Oct 2026. Terms change; confirm on the venue before trading. “Not verified yet” means we could not confirm it from an official source.

IS IT GROWING?

dYdX trend: Stable

0 metric(s) up, 0 down, 2 without a material change. The label counts metric directions; it is not a score and not investment advice.

Rank by open interest: #23 now · #19 30 days ago · #15 90 days ago (among venues reporting that day)

Metric30 days90 daysCoverageReading
Open interest-13.1%-27.7%100%30-day and 90-day moves disagree
User fees+2.5%—100%Little change over 30 days (90-day history not yet available)
Trading volume——2%Not enough daily history yet

Thresholds: open interest ±25%, fees ±30%, volume ±40% over 30 days; the 90-day move must agree at half the threshold. Incentive campaigns can lift activity temporarily.

HISTORY

Activity over time

Open interest · daily

DefiLlama daily open interest · 180 days · 12 Apr 2026 – 08 Oct 2026

$39.64M
$96.62M$27.37M2026-04-122026-10-082026-04-12 · $80.12M2026-04-13 · $67.86M2026-04-14 · $60.84M2026-04-15 · $57.41M2026-04-16 · $91.30M2026-04-17 · $59.29M2026-04-18 · $52.41M2026-04-19 · $51.73M2026-04-20 · $83.54M2026-04-21 · $90.74M2026-04-22 · $76.51M2026-04-23 · $81.40M2026-04-24 · $75.92M2026-04-25 · $75.64M2026-04-26 · $84.03M2026-04-27 · $74.30M2026-04-28 · $73.01M2026-04-29 · $55.74M2026-04-30 · $52.67M2026-05-01 · $45.78M2026-05-02 · $43.29M2026-05-03 · $48.10M2026-05-04 · $64.75M2026-05-05 · $56.52M2026-05-06 · $72.73M2026-05-07 · $59.76M2026-05-08 · $71.90M2026-05-09 · $72.57M2026-05-10 · $67.49M2026-05-11 · $91.85M2026-05-12 · $72.45M2026-05-13 · $79.70M2026-05-14 · $72.30M2026-05-15 · $87.61M2026-05-16 · $75.57M2026-05-17 · $63.44M2026-05-18 · $62.80M2026-05-19 · $55.12M2026-05-20 · $60.52M2026-05-21 · $78.06M2026-05-22 · $76.41M2026-05-23 · $62.05M2026-05-24 · $74.83M2026-05-25 · $75.49M2026-05-26 · $77.42M2026-05-27 · $68.04M2026-05-28 · $55.75M2026-05-29 · $54.53M2026-05-30 · $53.58M2026-05-31 · $65.64M2026-06-01 · $53.69M2026-06-02 · $62.97M2026-06-03 · $58.78M2026-06-04 · $57.05M2026-06-05 · $50.73M2026-06-06 · $56.92M2026-06-07 · $49.25M2026-06-08 · $42.46M2026-06-09 · $51.01M2026-06-10 · $47.21M2026-06-11 · $61.37M2026-06-12 · $59.04M2026-06-13 · $57.05M2026-06-14 · $57.58M2026-06-15 · $73.33M2026-06-16 · $66.37M2026-06-17 · $63.60M2026-06-18 · $78.77M2026-06-19 · $74.34M2026-06-20 · $58.35M2026-06-21 · $54.81M2026-06-22 · $62.80M2026-06-23 · $61.83M2026-06-24 · $37.89M2026-06-25 · $50.25M2026-06-26 · $45.00M2026-06-27 · $43.39M2026-06-28 · $43.02M2026-06-29 · $48.50M2026-06-30 · $42.22M2026-07-01 · $46.51M2026-07-02 · $47.68M2026-07-03 · $51.67M2026-07-04 · $65.90M2026-07-05 · $56.05M2026-07-06 · $49.67M2026-07-07 · $41.13M2026-07-08 · $63.15M2026-07-09 · $37.86M2026-07-10 · $37.64M2026-07-11 · $38.51M2026-07-12 · $53.74M2026-07-13 · $37.45M2026-07-14 · $43.80M2026-07-15 · $59.14M2026-07-16 · $38.55M2026-07-17 · $39.56M2026-07-18 · $37.88M2026-07-19 · $37.80M2026-07-20 · $38.44M2026-07-21 · $38.91M2026-07-22 · $41.93M2026-07-23 · $48.09M2026-07-24 · $41.70M2026-07-25 · $41.58M2026-07-26 · $41.21M2026-07-27 · $43.00M2026-07-28 · $40.38M2026-07-29 · $41.12M2026-07-30 · $39.97M2026-07-31 · $42.37M2026-08-01 · $41.89M2026-08-02 · $42.18M2026-08-03 · $46.69M2026-08-04 · $48.10M2026-08-05 · $54.73M2026-08-06 · $52.09M2026-08-07 · $35.81M2026-08-08 · $36.04M2026-08-09 · $36.10M2026-08-10 · $48.35M2026-08-11 · $46.41M2026-08-12 · $39.85M2026-08-13 · $47.13M2026-08-14 · $49.03M2026-08-15 · $48.76M2026-08-16 · $47.95M2026-08-17 · $52.39M2026-08-18 · $51.32M2026-08-19 · $51.49M2026-08-20 · $53.26M2026-08-21 · $58.61M2026-08-22 · $44.58M2026-08-23 · $42.27M2026-08-24 · $42.43M2026-08-25 · $53.60M2026-08-26 · $50.29M2026-08-27 · $56.53M2026-08-28 · $46.01M2026-08-29 · $42.90M2026-08-30 · $41.44M2026-08-31 · $40.19M2026-09-01 · $40.25M2026-09-02 · $39.44M2026-09-03 · $53.25M2026-09-04 · $61.72M2026-09-05 · $60.16M2026-09-06 · $60.63M2026-09-07 · $59.26M2026-09-08 · $44.05M2026-09-09 · $36.16M2026-09-10 · $35.79M2026-09-11 · $35.46M2026-09-12 · $36.06M2026-09-13 · $35.44M2026-09-14 · $47.33M2026-09-15 · $32.15M2026-09-16 · $32.58M2026-09-17 · $42.01M2026-09-18 · $54.00M2026-09-19 · $50.50M2026-09-20 · $61.50M2026-09-21 · $41.25M2026-09-22 · $49.27M2026-09-23 · $53.61M2026-09-24 · $54.17M2026-09-25 · $44.19M2026-09-26 · $40.84M2026-09-27 · $40.86M2026-09-28 · $44.23M2026-09-29 · $35.62M2026-09-30 · $54.67M2026-10-01 · $43.76M2026-10-02 · $38.95M2026-10-03 · $38.67M2026-10-04 · $41.66M2026-10-05 · $38.17M2026-10-06 · $40.20M2026-10-07 · $41.42M2026-10-08 · $39.64M

Gaps are not joined. The scale starts near the series minimum, not at zero.

User fees · daily

DefiLlama daily user fees, complete UTC days · 180 days · 06 Apr 2026 – 07 Oct 2026

$6.58K
$39.25K$0.002026-04-062026-10-072026-04-06 · $5.49K2026-04-07 · $17.43K2026-04-08 · $10.82K2026-04-09 · $8.54K2026-04-10 · $4.65K2026-04-11 · $5.87K2026-04-12 · $7.44K2026-04-13 · $23.39K2026-04-14 · $10.44K2026-04-15 · $4.82K2026-04-16 · $11.03K2026-04-17 · $13.59K2026-04-18 · $2.83K2026-04-19 · $4.44K2026-04-20 · $10.07K2026-04-21 · $3.71K2026-04-22 · $4.34K2026-04-23 · $7.21K2026-04-24 · $13.24K2026-04-25 · $2.36K2026-04-26 · $4.80K2026-04-27 · $16.78K2026-04-28 · $6.03K2026-04-29 · $13.74K2026-04-30 · $14.96K2026-05-01 · $3.37K2026-05-02 · $2.32K2026-05-03 · $3.67K2026-05-04 · $30.48K2026-05-05 · $24.55K2026-05-06 · $12.52K2026-05-07 · $6.78K2026-05-08 · $10.80K2026-05-09 · $3.77K2026-05-10 · $11.01K2026-05-11 · $25.58K2026-05-12 · $18.83K2026-05-13 · $6.47K2026-05-14 · $5.70K2026-05-15 · $14.34K2026-05-16 · $3.31K2026-05-17 · $1.44K2026-05-18 · $12.63K2026-05-19 · $5.26K2026-05-20 · $1.83K2026-05-21 · $6.38K2026-05-22 · $3.31K2026-05-23 · $4.87K2026-05-24 · $4.25K2026-05-25 · $2.05K2026-05-26 · $2.10K2026-05-27 · $4.76K2026-05-28 · $4.36K2026-05-29 · $4.02K2026-05-30 · $2.56K2026-05-31 · $1.83K2026-06-01 · $2.07K2026-06-02 · $3.65K2026-06-03 · $5.76K2026-06-04 · $4.54K2026-06-05 · $5.73K2026-06-06 · $4.88K2026-06-07 · $3.12K2026-06-08 · $2.67K2026-06-09 · $3.48K2026-06-10 · $5.10K2026-06-11 · $8.52K2026-06-12 · $3.06K2026-06-13 · $629.002026-06-14 · $1.67K2026-06-15 · $6.59K2026-06-16 · $5.81K2026-06-17 · $4.44K2026-06-18 · $12.29K2026-06-19 · $1.26K2026-06-20 · $1.78K2026-06-21 · $1.99K2026-06-22 · $2.39K2026-06-23 · $2.72K2026-06-24 · $4.34K2026-06-25 · $4.24K2026-07-01 · $113.002026-07-02 · $21.002026-07-03 · $12.82K2026-07-04 · $12.40K2026-07-05 · $11.34K2026-07-06 · $17.42K2026-07-07 · $15.99K2026-07-08 · $20.18K2026-07-09 · $17.37K2026-07-10 · $8.52K2026-07-11 · $3.08K2026-07-12 · $7.53K2026-07-13 · $11.86K2026-07-14 · $18.78K2026-07-15 · $17.47K2026-07-16 · $13.33K2026-07-17 · $12.15K2026-07-18 · $2.57K2026-07-19 · $2.04K2026-07-20 · $5.63K2026-07-21 · $4.24K2026-07-22 · $12.25K2026-07-23 · $7.27K2026-07-24 · $10.25K2026-07-25 · $1.80K2026-07-26 · $2.59K2026-07-27 · $6.30K2026-07-28 · $8.57K2026-07-29 · $4.81K2026-07-30 · $4.40K2026-07-31 · $6.84K2026-08-01 · $1.62K2026-08-02 · $2.17K2026-08-03 · $5.80K2026-08-04 · $4.95K2026-08-05 · $15.22K2026-08-06 · $3.33K2026-08-07 · $8.08K2026-08-08 · $1.46K2026-08-09 · $1.71K2026-08-10 · $9.82K2026-08-11 · $4.09K2026-08-12 · $5.75K2026-08-13 · $7.15K2026-08-14 · $3.60K2026-08-15 · $614.002026-08-16 · $1.46K2026-08-17 · $13.43K2026-08-18 · $3.98K2026-08-19 · $36.35K2026-08-20 · $19.79K2026-08-21 · $27.50K2026-08-22 · $9.95K2026-08-23 · $10.28K2026-08-24 · $9.65K2026-08-25 · $15.01K2026-08-26 · $12.46K2026-08-27 · $15.46K2026-08-28 · $16.43K2026-08-29 · $5.37K2026-08-30 · $4.34K2026-08-31 · $3.25K2026-09-01 · $6.19K2026-09-02 · $4.96K2026-09-03 · $11.22K2026-09-04 · $6.48K2026-09-05 · $1.14K2026-09-06 · $3.21K2026-09-07 · $2.40K2026-09-08 · $20.78K2026-09-09 · $5.74K2026-09-10 · $3.80K2026-09-11 · $5.13K2026-09-12 · $685.002026-09-13 · $3.21K2026-09-14 · $7.71K2026-09-15 · $10.42K2026-09-16 · $3.31K2026-09-17 · $6.39K2026-09-18 · $18.90K2026-09-19 · $4.77K2026-09-20 · $7.03K2026-09-21 · $22.44K2026-09-22 · $12.01K2026-09-23 · $12.38K2026-09-24 · $17.97K2026-09-25 · $11.18K2026-09-26 · $4.01K2026-09-27 · $13.96K2026-09-28 · $10.43K2026-09-29 · $15.39K2026-09-30 · $13.50K2026-10-01 · $9.83K2026-10-02 · $14.65K2026-10-03 · $1.07K2026-10-04 · $1.62K2026-10-05 · $6.58K2026-10-06 · $8.34K2026-10-07 · $6.58K

Gaps are not joined. The scale starts near the series minimum, not at zero.

24h volume · daily capture

CoinGecko rolling 24h volume, one capture per UTC day

Daily volume history started on 8 October 2026; the chart appears after the second daily capture.

dYdX Chain Mainnet, a robust blockchain built with the CosmosSDK. This documentation is diligently maintained by the dYdX Operations subDAO to provide a comprehensive resource for validators, developers, and the dYdX community at large.

Project description as listed on DefiLlama

dYdX: common questions

What is dYdX’s open interest?

dYdX had $39.64M of open interest according to DefiLlama on 08 Oct 2026 · 12:17 UTC, ranking #23 of 91 perp DEXs we track by open interest. That is 0.3% of the combined open interest of the tracked venues.

How much volume does dYdX trade per day?

CoinGecko reported $32.13M of rolling 24-hour volume for dYdX on 08 Oct 2026 · 12:16 UTC. Venue-reported volume is not independently audited.

How much do traders pay in fees on dYdX?

Traders paid $279.83K in fees over the last 30 days according to DefiLlama, +2.5% compared with the previous 30 days.

Is dYdX growing?

Our current reading is “Stable”. Average open interest over the last 30 days changed -13.1% versus the prior 30 days. The reading updates daily and requires sufficient history and a minimum base.

Does dYdX have a token?

Yes, DYDX. It traded at $0.1357 with a market cap of $114.85M on 08 Oct 2026 · 12:15 UTC (CoinGecko). Token ownership does not by itself entitle holders to exchange revenue.

What are dYdX’s trading fees?

Taker 0.05% · maker 0.01% at the base tier, according to dYdX’s fee documentation. Higher-volume tiers and promotions can differ.

What is the maximum leverage on dYdX?

Up to 50× on some markets, according to dYdX’s documentation. Most markets allow less.

Does dYdX have a referral program?

Yes. Benefit for the referred trader: “referred users enjoy fee tier discounts, starting at fee tier 3, which allows them to save up to $550 on fees”.

Sources and capture details

Open interest and fees: DefiLlama, captured 08 Oct 2026 · 12:17 UTC. 24h volume: CoinGecko derivatives exchange data (rolling 24 hours, converted from BTC), captured 08 Oct 2026 · 12:16 UTC. Token prices and 30-day price change: CoinGecko, at the time shown on each venue page; a parent-project or chain token is labelled and is not evidence of a claim on exchange revenue. Changes compare the last 30 days with the previous 30 days (OI as a daily average, fees as a total) and need at least 95% daily coverage. A trend label needs the 30-day move to pass a threshold (OI ±25%, fees ±30%) on a minimum base (OI ≥ $5M, fees ≥ $100K per 30 days); with 90 days of history both horizons must agree. Venue-reported volume is not audited; ⚑ marks volume above 25× open interest. “—” means unavailable, never zero. Full method ↗