dYdX v4 chain
Overview
dYdX v4, also known as the dYdX Chain, is the sovereign blockchain version of the dYdX derivatives exchange, replacing the earlier Ethereum L2 deployment with a purpose-built appchain so that the orderbook and matching engine can run at exchange speed while settlement stays decentralised. The current protocol markets itself as 'DeFi's Pro Trading Platform', offering both spot and perpetual futures trading across more than 220 markets with advanced order types and professional trading tools, plus mobile apps for iOS and Android, a desktop client and Telegram access. Users retain self-custody of funds and can deposit from Ethereum, Base, Arbitrum, Polygon, Avalanche and Optimism. As shown on dydx.xyz on 22 July 2026, the protocol reported $1.5 trillion in lifetime trading volume, roughly $200 million in open interest and about $12 million of TVL in MegaVault. The DYDX token underpins governance, and dYdX International Ltd states that it does not develop, control or participate in operating any component of the dYdX protocol for public use, with independent third-party deployers running front ends. dYdX migrated from a centrally operated Ethereum layer-2 orderbook to the standalone dYdX Chain in the v4 release, moving matching and governance onchain and handing operation of front ends to independent deployers. The protocol has since added spot markets alongside perpetuals and community programmes such as Surge.
Within the DeFi Intel graph, dYdX v4 connects to 7 tracked entities, most strongly to Cosmos SDK, Cosmos SDK, dYdX Trading.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 7 of 7 total).
| Relation | Connected entity | Confidence |
|---|---|---|
built_with | Cosmos SDK | 95% |
forked_from | Cosmos SDK | 90% |
sequenced_by | dYdX Trading | 90% |
affected | dYdX v4 launch | 85% |
affected | dYdX v3 launch | 85% |
affected | dYdX v3 sunset | 85% |
affected | dYdX v4 monthly volume drop post-migration | 85% |
Frequently asked questions
What is dYdX v4?
dYdX v4 is a chain tracked in the DeFi Intel knowledge graph. It is connected to 7 other tracked entities, most strongly to Cosmos SDK, Cosmos SDK, dYdX Trading.
What type of entity is dYdX v4?
dYdX v4 is classified as a chain (chain) in the DeFi Intel knowledge graph.
What is dYdX v4 connected to?
In the DeFi Intel knowledge graph, dYdX v4 is linked to 7 other tracked entities, most strongly to Cosmos SDK, Cosmos SDK, dYdX Trading.
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