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dYdX

Perps & DerivativesFree
4.3

Decentralized perpetuals exchange on its own Cosmos appchain. Features professional-grade orderbook trading with up to 20x leverage across many markets.

Key Features

  • Orderbook-based trading
  • Up to 20x leverage
  • Own Cosmos appchain
  • MegaVault for LPs
  • Governance via DYDX
  • Trading rewards

👍 Pros

  • +Professional trading interface
  • +Deep orderbook liquidity
  • +Fully decentralized on own chain
  • +Trading rewards

👎 Cons

  • Lost market share to Hyperliquid
  • Migration from Ethereum was complex
  • Lower volume than peak

Tags

cosmosperpsdexderivativesorderbook
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PricingFree
CategoryPerps & Derivatives
Rating
4.3
AddedMar 30, 2026

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