Uniswap
est. 2018
The largest decentralised exchange — the foundational swap layer of Ethereum DeFi.
DeFi
dexethereum
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DeFi
Fact-checked 2026-08-14
dYdX
Established 2017
The largest decentralised perpetuals exchange — CEX-grade trading from your own wallet.
dYdX offers leveraged perpetual trading on dozens of assets with deep books and professional order types, all from a non-custodial wallet. Its v4 runs on a dedicated Cosmos appchain, making it faster and cheaper while revenue flows to DYDX stakers.
Quick facts
Founded
2017
Category
DeFi
Platforms
Web, iOS, Android
Key facts
Non-custodial, Perp DEX, Own appchain
Pros
- CEX-like liquidity without custody
- Professional order types and charting
- Full self-custody — no exchange can freeze you
Cons
- Leverage on any venue is dangerous
- Appchain model adds moving parts (bridging, staking)
- Not available to users in the US and some regions
Best for
Leverage traders who refuse to trust a custodian
Fees
Maker ~0.01–0.02% / taker ~0.035–0.05% plus gas on the dYdX chain.
Security notes
Non-custodial with audited contracts and a large insurance-style reserve. Your liquidation risk is your own — manage leverage strictly.
perpsderivativescosmos
Frequently asked questions
What is dYdX?
dYdX is The largest decentralised perpetuals exchange — CEX-grade trading from your own wallet. dYdX offers leveraged perpetual trading on dozens of assets with deep books and professional order types, all from a non-custodial wallet. Its v4 runs on a dedicated Cosmos appchain, making it faster and cheaper while revenue flows to DYDX stakers.
Is dYdX safe to use?
Non-custodial with audited contracts and a large insurance-style reserve. Your liquidation risk is your own — manage leverage strictly. As always, verify details on the official site before trusting funds to any service.
How much does dYdX cost?
Maker ~0.01–0.02% / taker ~0.035–0.05% plus gas on the dYdX chain. Figures change — confirm current pricing on the official site before deciding.
