dYdX protocol
Overview
dYdX is a decentralized exchange (DEX) specializing in perpetual contracts and margin trading. It operates with an off-chain order book and on-chain settlement, originally built on Ethereum (Layer 2) and later migrated to a sovereign Cosmos-based blockchain (dYdX Chain / v4), which remains live as of 2026-07-15. In 2026 dYdX Labs also launched Arcus, a stock-token and perpetuals DEX built with Robinhood on the Robinhood Chain.
Within the DeFi Intel graph, dYdX connects to 14 tracked entities, most strongly to DYDX, dYdX DAO, dYdX v4 launch.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 7 of 14 total).
| Relation | Connected entity | Confidence |
|---|---|---|
issued_by | DYDX | 95% |
governs | dYdX DAO | 95% |
launched | dYdX v4 launch | 95% |
founded | Antonio Juliano | 95% |
governs | dYdX DAO | 90% |
competes_with | Hyperliquid | 85% |
partnered_with | StarkWare | 85% |
Sources
Frequently asked questions
What is dYdX?
dYdX is a decentralized exchange for perpetual futures and margin trading, using an order book model for limit orders and non-custodial settlement.
How does dYdX differ from other DEXs?
Unlike automated market maker (AMM) DEXs, dYdX uses a central limit order book, allowing traders to place limit and stop-loss orders with gasless order cancelation.
What blockchain does dYdX run on?
dYdX initially launched on Ethereum Layer 2 using StarkEx, and later launched its own sovereign Cosmos-based blockchain, dYdX Chain, with integrated off-chain order book and on-chain settlement.
What is dYdX connected to?
In the DeFi Intel knowledge graph, dYdX is linked to 14 other tracked entities, most strongly to DYDX, dYdX DAO, dYdX v4 launch.
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