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Uniswap
Uniswap: Leading decentralized exchange offering liquidity and token swaps with DAO governance.
dYdX
Decentralized perpetual trading
As of 30 August 2026, dYdX is free to use. dYdX is a decentralized exchange for perpetual trading, offering non-custodial derivatives trading with up to 20x leverage. Softwr lists it under Crypto. dYdX is made by dYdX Foundation, launched in 2017, available on Web.
Overview
What dYdX does
dYdX is a decentralized exchange for perpetual trading, offering non-custodial derivatives trading with up to 20x leverage. It operates on its own blockchain with zero gas fees for trading.
What people use it for
- Defi
- Dex
- Derivatives
Related searches
The honest half
Where it falls short
Concrete and checkable, so you can decide whether any of them matter to you. This is the half of a review a vendor will not write about 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
Cross-shopped
What people choose instead of dYdX
Each pairing was judged by two reviewers asking whether a buyer would genuinely weigh the two against each other. The ones that failed were deleted rather than published.
- dYdXvsAave
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Pricing
What dYdX costs
Taken from the vendor's own pricing page. Prices move, so check before you buy.
Free
Free
- Perpetual trading
- Governance
- Staking
Capabilities
Features
Perpetual Contracts
Cross Margin
Portfolio Margin
Governance
DYDX Token
Integration with DYDX Token
Cosmos SDK
Integration with Cosmos SDK
Web support
Available on web
Answered, with sources
Questions people ask
Each answer names the page it came from, so you can check it rather than take our word for it.
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.
SourceHow 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.
SourceWhat 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.
SourceBehind it
Who makes dYdX
- Company
- dYdX Foundation
- Based in
- Decentralized
- Founders
- Antonio Juliano
Timeline
dYdX over time
- Milestone2022-06-01
dYdX announces migration to its own dedicated Cosmos chain
Source - Funding2021-06-01$65m
Series C round of $65 million led by Paradigm
Source - Funding2021-01-01$10m
Series B round of $10 million led by Three Arrows Capital and DeFiance Capital
Source - Funding2019-01-01$20m
Raises $20 million from Andreessen Horowitz and Polychain Capital
Source - Launch2019-01-01
dYdX formally launches with margin trading capabilities
Source - Founded2017-07-01
dYdX founded by Antonio Juliano
Source
Keep looking
Where to go from dYdX
- dYdX alternativesEvery product people weigh against it
- dYdX pricingPlans, floors and what the tiers exclude
- dYdX badgesWhich rules it meets, and the figure behind each
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- Curve Finance
- PancakeSwap
- Aave
- Bybit
- SushiSwap
- OKX
- FTX
- Phemex
- Huobi
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- Compound
- Trezor Suite
- Trust Wallet
- Zapper
- Zerion
- MakerDAO
- OKX
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Softwr does not host reviews and shows no star rating for dYdX, because a rating we did not collect is not ours to publish. What is here is the pricing and platform detail from the vendor’s own pages, limitations we could state concretely, and alternatives a reviewer confirmed people weigh against it. Tell us if any of it is wrong.
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