Logo of dYdX V4dYdX V4(dYdX)
Total Value Locked$70.94m

TVL by Chain

dYdX$70.94m

Key Metrics

Fees 30d$277,018
Fees 30d by chain

dYdX$277,018

Fees 7d$37,589

dYdX$37,589

Fees 24h$1,140

dYdX$1,140

Cumulative Fees$63.98m

dYdX$63.98m

Revenue 30d$277,018
Revenue 30d by chain

dYdX$277,018

Revenue 7d$37,589

dYdX$37,589

Revenue 24h$1,140

dYdX$1,140

Cumulative Revenue$63.98m

dYdX$63.98m

Holders Revenue 30d$277,018
Holders Revenue 30d by chain

dYdX$277,018

Holders Revenue 7d$37,589

dYdX$37,589

Holders Revenue 24h$1,140

dYdX$1,140

Cumulative Holders Revenue$63.98m

dYdX$63.98m

Perp Volume 30d$1.146b
Perp Volume 30d by chain

dYdX$1.146b

Perp Volume 7d$131.58m

dYdX$131.58m

Perp Volume 24h$3.76m

dYdX$3.76m

Cumulative Perp Volume$375.639b

dYdX$375.639b

$60.53m

Protocol Information

dYdX Chain Mainnet, a robust blockchain built with the CosmosSDK. This documentation is diligently maintained by the dYdX Operations subDAO to provide a comprehensive resource for validators, developers, and the dYdX community at large.

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Category:Derivatives

Methodology

TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHubFees: All trading fees collected from perpetual futures trades on dYdX v4View code on GitHubRevenue: 100% of trading fees distributed to DYDX token stakersView code on GitHubHolders Revenue: All trading fees are distributed to DYDX token stakers as staking rewardsView code on GitHubPerp Volume: Notional volume of all trades including leverage on the perp exchangeView code on GitHub

Competitors

Jupiter Perpetual Exchange ($758m)GMX V2 Perps ($206.29m)Hyperliquid HLP ($189.39m)Derive V2 ($162m)Extended Perps ($118.77m)Lighter Robinhood Perps ($64.66m)AZverse Perps ($51.81m)dYdX V3 ($38.83m)Apex Omni ($30.98m)Decibel ($29.82m)

Frequently Asked Questions

What is dYdX V4's TVL?

dYdX V4 currently has $70.94m in total value locked. TVL has decreased 8% over the past 30 days.

What chains does dYdX V4 operate on?

dYdX V4 operates on dYdX. dYdX holds the largest share at 100%.

How much has dYdX V4 generated in fees and revenue?

Over the past 30 days, dYdX V4 generated $277,018 in fees. Of that, $277,018 was protocol revenue. Based on the trailing year, the annualized rate is $6.62m in fees and $6.62m in revenue.

How does dYdX V4's TVL compare to similar protocols?

Among Derivatives protocols tracked by DefiLlama, dYdX V4 ranks #6 by TVL. The category holds $2.069b across 420 protocols, and dYdX V4 accounts for 3.4% of that total. Other leading protocols include Jupiter Perpetual Exchange, GMX V2 Perps, Hyperliquid HLP, Derive V2, Extended Perps, Lighter Robinhood Perps, AZverse Perps, dYdX V3, Apex Omni, and Decibel.

How much perpetual futures volume does dYdX V4 process?

dYdX V4 processed $1.146b in perpetual futures volume over the past 30 days.