Total Value Locked$69.37m
TVL by Chain
dYdX$69.37m
Key Metrics
Fees 30d$246,686
Fees 30d by chain
dYdX$246,686
Fees 7d$54,495
dYdX$54,495
Fees 24h$8,047
dYdX$8,047
Cumulative Fees$64.41m
dYdX$64.41m
Revenue 30d$246,686
Revenue 30d by chain
dYdX$246,686
Revenue 7d$54,495
dYdX$54,495
Revenue 24h$8,047
dYdX$8,047
Cumulative Revenue$64.41m
dYdX$64.41m
Holders Revenue 30d$246,686
Holders Revenue 30d by chain
dYdX$246,686
Holders Revenue 7d$54,495
dYdX$54,495
Holders Revenue 24h$8,047
dYdX$8,047
Cumulative Holders Revenue$64.41m
dYdX$64.41m
Perp Volume 30d$1.194b
Perp Volume 30d by chain
dYdX$1.194b
Perp Volume 7d$251.94m
dYdX$251.94m
Perp Volume 24h$62.43m
dYdX$62.43m
Cumulative Perp Volume$377.64b
dYdX$377.64b
Open Interest$45.25m
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.
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 GitHubCompetitors
dYdX V4 history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Mar 22, 2024 to Oct 27, 2026.
All-time high TVL: $415.54m on Dec 17, 2024. All-time low TVL: $68.45m on Oct 22, 2026.
Daily TVL, Sep 28, 2026 to Oct 27, 2026
| Date | TVL |
|---|---|
| Sep 28, 2026 | $72.92m |
| Sep 29, 2026 | $72.94m |
| Sep 30, 2026 | $72.52m |
| Oct 1, 2026 | $70.41m |
| Oct 2, 2026 | $69.65m |
| Oct 3, 2026 | $69.5m |
| Oct 4, 2026 | $69.65m |
| Oct 5, 2026 | $69.76m |
| Oct 6, 2026 | $70.51m |
| Oct 7, 2026 | $70.45m |
| Oct 8, 2026 | $71.72m |
| Oct 9, 2026 | $70.68m |
| Oct 10, 2026 | $70.69m |
| Oct 11, 2026 | $70.64m |
| Oct 12, 2026 | $70.78m |
| Oct 13, 2026 | $71.1m |
| Oct 14, 2026 | $70.97m |
| Oct 15, 2026 | $70.46m |
| Oct 16, 2026 | $70.31m |
| Oct 17, 2026 | $69.81m |
| Oct 18, 2026 | $70.17m |
| Oct 19, 2026 | $70.23m |
| Oct 20, 2026 | $71.41m |
| Oct 21, 2026 | $69.55m |
| Oct 22, 2026 | $68.45m |
| Oct 23, 2026 | $68.84m |
| Oct 24, 2026 | $70.22m |
| Oct 25, 2026 | $70.33m |
| Oct 26, 2026 | $70.31m |
| Oct 27, 2026 | $69.33m |
TVL at each month end, Nov 2024 to Oct 2026
| Date | TVL |
|---|---|
| Nov 30, 2024 | $354.19m |
| Dec 31, 2024 | $388.58m |
| Jan 31, 2025 | $362.74m |
| Feb 28, 2025 | $267.52m |
| Mar 31, 2025 | $221.41m |
| Apr 30, 2025 | $206.61m |
| May 31, 2025 | $243.15m |
| Jun 30, 2025 | $218.94m |
| Jul 31, 2025 | $265.55m |
| Aug 31, 2025 | $265.38m |
| Sep 30, 2025 | $252.88m |
| Oct 31, 2025 | $166.68m |
| Nov 30, 2025 | $159.69m |
| Dec 31, 2025 | $157.91m |
| Jan 31, 2026 | $148.87m |
| Feb 28, 2026 | $131.33m |
| Mar 31, 2026 | $118.75m |
| Apr 30, 2026 | $101.31m |
| May 31, 2026 | $96.86m |
| Jun 30, 2026 | $96.61m |
| Jul 31, 2026 | $77.22m |
| Aug 31, 2026 | $75.03m |
| Sep 30, 2026 | $72.52m |
| Oct 27, 2026 (latest) | $69.33m |
TVL at each year end, Dec 31, 2024 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2024 | $388.58m |
| Dec 31, 2025 | $157.91m |
Fees, revenue and holders revenue by UTC calendar month, Nov 2024 to Oct 2026
| Month | Fees | Revenue | Holders revenue |
|---|---|---|---|
| Nov 2024 | $3.15m | $3.15m | $3.15m |
| Dec 2024 | $3.47m | $3.47m | $3.47m |
| Jan 2025 | $2.18m | $2.18m | $2.18m |
| Feb 2025 | $1.29m | $1.29m | $1.29m |
| Mar 2025 | $1.29m | $1.29m | $1.29m |
| Apr 2025 | $983,351 | $983,351 | $983,351 |
| May 2025 | $1.21m | $1.21m | $1.21m |
| Jun 2025 | $1.05m | $1.05m | $1.05m |
| Jul 2025 | $1.78m | $1.78m | $1.78m |
| Aug 2025 | $1.82m | $1.82m | $1.82m |
| Sep 2025 | $1.27m | $1.27m | $1.27m |
| Oct 2025 | $1.74m | $1.74m | $1.74m |
| Nov 2025 | $1.14m | $1.14m | $1.14m |
| Dec 2025 | $427,896 | $427,896 | $427,896 |
| Jan 2026 | $309,724 | $309,724 | $309,724 |
| Feb 2026 | $356,213 | $356,213 | $356,213 |
| Mar 2026 | $327,152 | $327,152 | $327,152 |
| Apr 2026 | $267,184 | $267,184 | $267,184 |
| May 2026 | $245,164 | $245,164 | $245,164 |
| Jun 2026 | $102,724 | $102,724 | $102,724 |
| Jul 2026 | $279,952 | $279,952 | $279,952 |
| Aug 2026 | $280,112 | $280,112 | $280,112 |
| Sep 2026 | $266,761 | $266,761 | $266,761 |
| Oct 2026 (to date) | $193,403 | $193,403 | $193,403 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/dydx-v4
Frequently asked questions
What is dYdX V4's TVL?
As of Oct 27, 2026, dYdX V4 has $69.37m in total value locked. TVL has decreased 4.2% over the past 30 days.
How much has dYdX V4 generated in fees and revenue?
Over the past 30 days, dYdX V4 generated $246,686 in fees. Of that, $246,686 was protocol revenue. Based on the trailing year, the annualized rate is $4.59m in fees and $4.59m 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 $1.967b across 426 protocols, and dYdX V4 accounts for 3.5% of that total. Similar protocols include Jupiter Perpetual Exchange, GMX EVM, Hyperliquid HLP, Lighter Robinhood Perps, Extended Perps, Lighter LLP, Arcus Perps, AZverse Perps, Papertrade, and Apex Omni.
How much perpetual futures volume does dYdX V4 process?
dYdX V4 processed $1.194b in perpetual futures volume over the past 30 days.