dYdX

About dYdX dYdX is a decentralized perpetual futures exchange operating on its own sovereign Cosmos-based blockchain, enabling non-custodial derivatives trading without KYC requirements.

Launched in 2017 by Princeton computer scientist Antonio Juliano, dYdX pioneered on-chain order-book trading before migrating from Ethereum to the high-performance dYdX Chain for zero gas-fee execution.

dYdX supports 200+ perpetual markets with leverage up to 50x, offering maker fees as low as 0.01% and taker fees starting at 0.05%, with volume-based tiered discounts and no deposit or withdrawal fees.

The platform runs on fully open-source software, governed by DYDX token holders, combining institutional-grade infrastructure with true DeFi self-custody principles.

Active traders access real-time liquidity, advanced order types, cross-margin mechanics, and automated API strategies through web and mobile interfaces without ever surrendering wallet control.

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