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dYdX vs MetaMask

dYdX logo

dYdX

Software

Decentralized perpetual trading

From
Free
Rated
-
Full reviewWebsite
MetaMask logo

MetaMask

Software

The crypto wallet for DeFi, Web3 dApps and NFTs

From
Free
Rated
-
Full reviewWebsite

The short version

  • Each has a real cost: dYdX newer platform with smaller liquidity pools compared to centralized exchanges; MetaMask metaMask's source code is publicly viewable on GitHub but is covered by a proprietary ConsenSys license that prohibits redistribution, modification, merging, or reverse engineering; it is not open source
  • They diverge on capability: dYdX covers Perpetual Contracts, MetaMask covers Wallet Management.

Where they differ

Only the attributes on which dYdX and MetaMask actually diverge.

Attributes where dYdX and MetaMask differ
AttributedYdXMetaMask
PlatformsWebWeb, Ios, Android, Chrome, Firefox
Founded20172016

Identical on both: starting price (Free), pricing model (free), free tier (Yes), user rating (Not yet rated), category (Unknown).

What each one covers

Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.

Only in dYdX

  • Perpetual Contracts
  • Cross Margin
  • Portfolio Margin
  • Governance
  • DYDX Token
  • Cosmos SDK

Only in MetaMask

  • Wallet Management
  • Token Swaps
  • Bridge
  • dApp Browser
  • Portfolio View
  • Ethereum
  • EVM chains
  • Hardware wallets

Both cover

  • Web support

What people use each for

The jobs each tool is most often brought in to do.

dYdX

  • Definot MetaMask
  • Dexnot MetaMask
  • Derivativesnot MetaMask

MetaMask

  • Walletsnot dYdX
  • Web3not dYdX
  • Browser Extensionnot dYdX

Where each one falls short

Documented limitations, not opinions. Every one is a constraint you would hit in normal use.

dYdX

  • Newer platform with smaller liquidity pools compared to centralized exchanges
  • Requires cryptocurrency wallet for trading, adding friction for new users
  • Limited fiat on/off ramps compared to centralized alternatives like Coinbase

MetaMask

  • MetaMask's source code is publicly viewable on GitHub but is covered by a proprietary ConsenSys license that prohibits redistribution, modification, merging, or reverse engineering; it is not open source

Pricing, plan by plan

dYdX

Free
  • FreeFree
    • Perpetual trading
    • Governance
    • Staking

MetaMask

Free
  • FreeFree
    • Wallet
    • Swaps
    • Bridge

Which should you pick?

Choose dYdX if

  • You need perpetual contracts.
  • You want to start without paying.
  • You also want cross margin.
dYdX review

Choose MetaMask if

  • You need wallet management.
  • You want to start without paying.
  • You work on Web, Ios, Android, Chrome, Firefox.
  • You also want token swaps.
MetaMask review

Questions people ask

Is dYdX or MetaMask better?
Neither clearly leads. dYdX starts at Free and MetaMask at Free, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, dYdX or MetaMask?
dYdX starts at Free and MetaMask at Free.
Does dYdX or MetaMask run on more platforms?
dYdX runs on Web. MetaMask runs on Web, Ios, Android, Chrome, Firefox.
Can I use dYdX for free?
Both have a free tier, so you can try either at no cost before committing.
What is dYdX best used for?
dYdX is most often used for defi, dex, derivatives. Of those, defi and dex are not what MetaMask is typically brought in for.
What can dYdX do that MetaMask cannot?
dYdX covers Perpetual Contracts, Cross Margin, Portfolio Margin, Governance. MetaMask covers Wallet Management, Token Swaps, Bridge, dApp Browser. Both handle Web support.

Answered from the vendors’ own pages

dYdX: What type of trading does dYdX specialize in?

dYdX is a decentralized platform for perpetuals and margin trading, allowing professional traders to trade crypto derivatives without expiry dates. Built on ZK-rollup technology, it enables trading 143+ cryptocurrencies with leverage up to 50x on selected contracts.

Source
dYdX: How does dYdX maintain decentralization?

dYdX governance is fully community-driven, meaning token holders decide on protocol upgrades, fee structures, and risk parameters. The platform distributes 100% of its trading fees to stakers.

Source
dYdX: What are dYdX's gas fee advantages?

Built on StarkWare's ZK-rollup technology, dYdX enables trading with near-zero gas fees while users maintain full custody of their assets.

Source
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Related pages

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