dYdX protocol
Overview
dYdX, a decentralized exchange focused on perpetual contracts and margin trading, uses an off-chain order book paired with on-chain settlement. Initially developed on Ethereum’s Layer 2, it subsequently transitioned to a standalone Cosmos-based blockchain.
Within The Counterparty graph, dYdX connects to 17 tracked entities, most strongly to Fed nominee Kevin Warsh rejects ‘sock puppet’ label during senate grilling, Justice Department Ends Probe of Fed Chair Powell, Clearing Path for Warsh Confirmation, DYDX.
Relations
Top connections in The Counterparty knowledge graph (confidence-weighted, 10 of 17 total).
| Relation | Connected entity | Confidence |
|---|---|---|
mentions | Fed nominee Kevin Warsh rejects ‘sock puppet’ label during senate grilling | 95% |
mentions | Justice Department Ends Probe of Fed Chair Powell, Clearing Path for Warsh Confirmation | 95% |
issued_by | DYDX | 95% |
governs | dYdX DAO | 95% |
launched | dYdX v4 launch | 95% |
founded | Antonio Juliano | 95% |
governs | dYdX DAO | 90% |
upgraded_to | dYdX Foundation | 90% |
competes_with | Hyperliquid | 85% |
partnered_with | StarkWare | 85% |
Questions on the record
Does dYdX operate a self-custodial model?
Yes. The exchange maintains that users, rather than the platform, control their funds.
Is dYdX accessible to users based in the US?
No. dYdX reports that it is unavailable within the United States and to other restricted persons.
Which instruments are available for trading on dYdX?
Perpetual futures across more than 200 markets, supported by advanced order types and API access.