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.
High-performance perpetual futures DEX with order book matching and low latency execution.
perpsDecentralized perpetual exchange with zero slippage trading and GLP liquidity model.
perpsDerivatives liquidity protocol powering perpetual futures and synthetic assets across DeFi.