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Cryptocurrency & Blockchain · head to head

dYdX vs Nansen

dYdX logo

dYdX

Cryptocurrency & Blockchain

Decentralized perpetual trading

From
Free
Rated
-
Full reviewWebsite
Nansen logo

Nansen

Cryptocurrency & Blockchain

Blockchain analytics for smart money

From
$150/month
Rated
-
Full reviewWebsite

The short version

  • Only dYdX has a free tier, so it costs nothing to try first.
  • Each has a real cost: dYdX newer platform with smaller liquidity pools compared to centralized exchanges; Nansen the vendor's own homepage as captured by the Internet Archive on 2021 offered a 7-day trial for $9, described as access to a blockchain analytics platform with wallet labels, dashboards and alerts; the full subscription price beyond the trial was not shown on this capture, only linked from a separate Pricing page
  • They diverge on capability: dYdX covers Perpetual Contracts, Nansen covers Wallet Labels.

Where they differ

Only the attributes on which dYdX and Nansen actually diverge.

Attributes where dYdX and Nansen differ
AttributedYdXNansen
Starting priceFree$150/month
Pricing modelfreesubscription
Free tierYesNo
Founded20172019

Identical on both: platforms (Web), user rating (Not yet rated), category (Cryptocurrency & Blockchain).

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 Nansen

  • Wallet Labels
  • Smart Money Tracking
  • Token God Mode
  • NFT Paradise
  • DeFi Analytics
  • Multi-chain
  • API

Both cover

  • Web support

What people use each for

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

dYdX

  • Definot Nansen
  • Dexnot Nansen
  • Derivativesnot Nansen

Nansen

  • Analyticsnot dYdX
  • On Chainnot dYdX
  • Researchnot 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

Nansen

  • The vendor's own homepage as captured by the Internet Archive on 2021 offered a 7-day trial for $9, described as access to a blockchain analytics platform with wallet labels, dashboards and alerts; the full subscription price beyond the trial was not shown on this capture, only linked from a separate Pricing page

Pricing, plan by plan

dYdX

Free
  • FreeFree
    • Perpetual trading
    • Governance
    • Staking

Nansen

$150/month
  • Pioneer$150/month
    • Smart Money
    • Token Flows
    • NFT analytics
  • Standard$750/month
    • All Pioneer features
    • API access
    • Advanced queries

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 Nansen if

  • You need wallet labels.
  • You also want smart money tracking.
Nansen review

Questions people ask

Is dYdX or Nansen better?
Neither clearly leads. dYdX starts at Free and Nansen at $150/month, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, dYdX or Nansen?
dYdX has a free tier; the other does not. Paid plans start at Free for dYdX and $150/month for Nansen.
Does dYdX or Nansen run on more platforms?
Both run on Web, so platform support will not decide this one for you.
Can I use dYdX for free?
Yes. dYdX has a free tier, so you can try it without paying. Nansen starts at $150/month.
What is dYdX best used for?
dYdX is most often used for defi, dex, derivatives. Of those, defi and dex are not what Nansen is typically brought in for.
What can dYdX do that Nansen cannot?
dYdX covers Perpetual Contracts, Cross Margin, Portfolio Margin, Governance. Nansen covers Wallet Labels, Smart Money Tracking, Token God Mode, NFT Paradise. 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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