Leading decentralized derivatives exchange with order book trading on its own chain.
## Overview
dYdX is a leading decentralized derivatives exchange, operating on its own Cosmos-based chain (dYdX Chain). It offers order book trading with deep liquidity and competitive fees.
Order book perps with institutional-grade liquidity.
Purpose-built blockchain for derivatives trading.
Access dYdX perpetuals through Fensory Connect for institutional-grade derivatives.
Yield data from DefiLlama. Rates are indicative and subject to change. Verify current rates directly with dYdX.