dYdX v4 product
Overview
dYdX v4 (dYdX Chain) is a sovereign, application-specific blockchain built on the Cosmos SDK and CometBFT (Tendermint) consensus. It serves as a decentralized exchange for perpetual futures, operating as a stand-alone chain rather than a Layer-2 on Ethereum. It is its own sovereign chain and is not deployed on the Cosmos Hub.
Within the DeFi Intel graph, dYdX v4 connects to 1 tracked entity, most strongly to dYdX v3.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 1 of 1 total).
| Relation | Connected entity | Confidence |
|---|---|---|
replaces | dYdX v3 | 90% |
Sources
Frequently asked questions
What is dYdX v4?
dYdX v4 (dYdX Chain) is the fourth iteration of the dYdX protocol, migrating from a Layer-2 on Ethereum to a sovereign Cosmos-based blockchain with its own validator set and native token DYDX for staking and governance.
How does dYdX v4 differ from previous versions?
dYdX v4 is a standalone blockchain with its own consensus, whereas earlier versions were smart-contract-based on Ethereum (v1–v2) or a StarkEx-validated Layer-2 (v3). It leverages Tendermint for finality and IBC for cross-chain interoperability.
What is the consensus mechanism of dYdX Chain?
dYdX Chain uses Tendermint consensus (Delegated Proof-of-Stake variant), where validators stake DYDX tokens to propose and validate blocks, with security derived from the economic value of staked tokens.
What is dYdX v4 connected to?
In the DeFi Intel knowledge graph, dYdX v4 is linked to 1 other tracked entity, most strongly to dYdX v3.
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