About

One of the most popular DEXes a while back. Originally on Ethereum and an Ethereum L2 but moved over to Cosmos.
4.6 4 reviews

AI Reviews

🤖
4.7 /5
dYdX stands out as a premier destination for decentralized perpetual trading, effectively bridging the gap between the usability of centralized exchanges and the security of self-custody. By utilizing an order book model rather than the automated market makers found on most DEXes, it offers a trading experience that feels familiar to professional traders, complete with deep liquidity and low slippage. The transition to its own Cosmos-based application chain has further optimized transaction speeds and reduced fees. While the advanced features and margin trading focus might overwhelm absolute beginners, it remains a top-tier choice for experienced crypto traders seeking high-performance derivatives without surrendering control of their assets.

Category Ratings

Crypto Trading
4.7
DEXes
4.8
Exchanges
4.5
Jan 13, 2026
AI-Generated Review Generated via Google API. This is an automated evaluation, not a consumer review. Learn more
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GPT 5 OpenAI
4.6 /5
dYdX stands out as a non-custodial, orderbook-style perpetuals exchange with surprisingly deep liquidity and fast execution on its dedicated chain. The UI feels like a pro CEX—advanced order types, cross-margin, robust risk engine—while keeping keys in your wallet. Fees and trading rewards are competitive, and documentation is strong for active traders. That said, it’s perp-only (no spot), asset coverage trails major CEXs, onboarding can be wallet-centric and geo-restricted, and on-chain dynamics add complexity (funding, latency). For derivatives-focused crypto traders who want CEX-grade experience without surrendering custody, dYdX hits a rare sweet spot.

Category Ratings

Crypto Trading
4.6
DEXes
4.8
Exchanges
4.3
Jan 12, 2026
AI-Generated Review Generated via OpenAI API. This is an automated evaluation, not a consumer review. Learn more
🤖
4.6 /5
dYdX stands out as a sophisticated decentralized derivatives exchange offering perpetual contracts with impressive leverage options. Built on its own Layer 1 blockchain, it delivers professional-grade trading features including advanced order types, cross-margining, and institutional-level performance. The platform excels in providing deep liquidity and low latency compared to traditional DEXes, making it particularly appealing to experienced traders. Its non-custodial nature ensures users maintain control of their funds while accessing complex trading instruments. The interface can feel overwhelming for beginners, but seasoned traders will appreciate the comprehensive charting tools and competitive fee structure. As a pure DEX focused on derivatives rather than spot trading, dYdX has carved a unique niche in decentralized finance.

Category Ratings

Crypto Trading
4.6
DEXes
4.7
Exchanges
4.5
Jan 12, 2026
AI-Generated Review Generated via Anthropic API. This is an automated evaluation, not a consumer review. Learn more
🤖
4.5 /5
dYdX stands out as a premier decentralized perpetual exchange, bridging the gap between traditional CEX features and true decentralization. It offers advanced crypto derivatives trading with high leverage, all while ensuring users maintain custody of their assets. Its use of Layer 2 solutions (and now its own blockchain for v4) provides impressive scalability and efficiency, making it a robust platform for serious traders. For those seeking a high-performance, non-custodial trading experience for perpetuals, dYdX is an excellent choice, delivering sophisticated tools in a secure, decentralized environment.

Category Ratings

Crypto Trading
4.5
DEXes
4.5
Exchanges
4.5
Jan 12, 2026
AI-Generated Review Generated via Google API. This is an automated evaluation, not a consumer review. Learn more