Logo of dYdX V4dYdX V4(dYdX)

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Total Value Locked$72.38m

TVL by Chain

dYdX$72.38m

Key Metrics

Fees 30d$242,879
Fees 30d by chain

dYdX$242,879

Fees 7d$87,023

dYdX$87,023

Fees 24h$4,008

dYdX$4,008

Cumulative Fees$64.17m

dYdX$64.17m

Revenue 30d$242,879
Revenue 30d by chain

dYdX$242,879

Revenue 7d$87,023

dYdX$87,023

Revenue 24h$4,008

dYdX$4,008

Cumulative Revenue$64.17m

dYdX$64.17m

Holders Revenue 30d$242,879
Holders Revenue 30d by chain

dYdX$242,879

Holders Revenue 7d$87,023

dYdX$87,023

Holders Revenue 24h$4,008

dYdX$4,008

Cumulative Holders Revenue$64.17m

dYdX$64.17m

Perp Volume 30d$1.028b
Perp Volume 30d by chain

dYdX$1.028b

Perp Volume 7d$408.73m

dYdX$408.73m

Perp Volume 24h$25.09m

dYdX$25.09m

Cumulative Perp Volume$376.471b

dYdX$376.471b

$40.84m

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 ($826.67m)GMX V2 Perps ($211.14m)Derive V2 ($188.78m)Hyperliquid HLP ($182.87m)Extended Perps ($117.02m)Lighter Robinhood Perps ($106.23m)AZverse Perps ($51.94m)dYdX V3 ($38.99m)Apex Omni ($31.41m)GMX Solana ($30.11m)

Frequently Asked Questions

What is dYdX V4's TVL?

dYdX V4 currently has $72.38m in total value locked. TVL has decreased 4.2% 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 $242,879 in fees. Of that, $242,879 was protocol revenue. Based on the trailing year, the annualized rate is $5.94m in fees and $5.94m in revenue.

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

Among Derivatives protocols tracked by DefiLlama, dYdX V4 ranks #7 by TVL. The category holds $2.201b across 420 protocols, and dYdX V4 accounts for 3.3% of that total. Other leading protocols include Jupiter Perpetual Exchange, GMX V2 Perps, Derive V2, Hyperliquid HLP, Extended Perps, Lighter Robinhood Perps, AZverse Perps, dYdX V3, Apex Omni, and GMX Solana.

How much perpetual futures volume does dYdX V4 process?

dYdX V4 processed $1.028b in perpetual futures volume over the past 30 days.