Key Metrics
Fees (Annualized)$36.43m
Cumulative Fees$34.43m
Ethereum$34.43m
Revenue (Annualized)$36.43m
Cumulative Revenue$34.43m
Ethereum$34.43m
Cumulative Perp Volume$1.211t
Cumulative Perp Volume by chain
Ethereum$1.211t
$DYDX Liquidity$197,749
SushiSwap$101,605
Uniswap V3$67,366
Osmosis DEX$28,778
Total Raised$87m
Dec 19, 2017$2mRound: SeedInvestors: 1Confirmation, a16z, Abstract Ventures, Avichal Garg, Brian Armstrong, Caffeinated Capital, Christopher Golda, David King, Elad Gil, Fred Ehrsam, Jack Herrick, Kindred Ventures, Polychain, Scott Belsky
Oct 19, 2018$10mRound: Series AInvestors: 1Confirmation, a16z crypto, Abstract Ventures, Bain Capital Crypto, Dragonfly Capital, Craft Ventures, Kindred Ventures, Naval Ravikant, Polychain, VY Capital
Jan 26, 2021$10mRound: Series BInvestors: a16z, DeFiance Capital, GSR, Hashed, Polychain Capital, RockTree Capital, Scalar Capital, The Spartan Group, 3AC, Wintermute Trading
Jun 15, 2021$65mRound: Series C
Protocol Information
The most powerful open trading platform for crypto assets. Margin trade, borrow, and lend cryptocurrency.
Methodology
TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHubFees: Fees paid by usersView code on GitHubRevenue: Treasury and token holders revenueView code on GitHubPerp Volume: Notional volume of all trades including leverage on the perp exchangeView code on GitHubHacks
Date: Nov 18, 2023
Amount: $9m
Classification: Market Manipulation
Technique: Risk Parameter Abuse
Chains: Ethereum
Target Type: DeFi Protocol
Date: Jul 23, 2024
Amount: $31,000
Classification: Frontend & Infrastructure
Technique: DNS Hijack
Chains: Ethereum
Target Type: DeFi Protocol
Competitors
Frequently Asked Questions
What is dYdX V3's TVL?
dYdX V3 currently has $38.74m in total value locked. TVL has increased 2.5% over the past 30 days.
What chains does dYdX V3 operate on?
dYdX V3 operates on Ethereum. Ethereum holds the largest share at 100%.
How does dYdX V3's TVL compare to similar protocols?
Among Derivatives protocols tracked by DefiLlama, dYdX V3 ranks #9 by TVL. The category holds $2.055b across 418 protocols, and dYdX V3 accounts for 1.9% of that total. Other leading protocols include Derive V2, Extended Perps, AZverse Perps, Apex Omni, Aevo Perps, Contango V2, Hakka Finance, Keep3r Network, Strike Finance Perpetuals, and AlphaX.
Has dYdX V3 ever been exploited?
dYdX V3 has 2 recorded security incidents. The most recent incident occurred on Jul 23, 2024 and involved $31,000. It was classified as Frontend & Infrastructure.
