Logo of dYdX V4dYdX V4(dYdX)
Total Value Locked$69.93m

TVL by Chain

dYdX$69.93m

Key Metrics

Fees 30d$287,164
Fees 30d by chain

dYdX$287,164

Fees 7d$42,205

dYdX$42,205

Fees 24h$5,131

dYdX$5,131

Cumulative Fees$64.02m

dYdX$64.02m

Revenue 30d$287,164
Revenue 30d by chain

dYdX$287,164

Revenue 7d$42,205

dYdX$42,205

Revenue 24h$5,131

dYdX$5,131

Cumulative Revenue$64.02m

dYdX$64.02m

Holders Revenue 30d$287,164
Holders Revenue 30d by chain

dYdX$287,164

Holders Revenue 7d$42,205

dYdX$42,205

Holders Revenue 24h$5,131

dYdX$5,131

Cumulative Holders Revenue$64.02m

dYdX$64.02m

Perp Volume 30d$1.188b
Perp Volume 30d by chain

dYdX$1.188b

Perp Volume 7d$183.57m

dYdX$183.57m

Perp Volume 24h$13.95m

dYdX$13.95m

Cumulative Perp Volume$375.828b

dYdX$375.828b

$36.2m

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 ($753.33m)GMX V2 Perps ($205.1m)Hyperliquid HLP ($187.05m)Derive V2 ($156.43m)Extended Perps ($116.85m)Lighter Robinhood Perps ($78.07m)AZverse Perps ($51.84m)dYdX V3 ($38.86m)Apex Omni ($31.02m)Decibel ($29.51m)

Frequently Asked Questions

What is dYdX V4's TVL?

dYdX V4 currently has $69.93m in total value locked. TVL has decreased 7.4% 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 $287,164 in fees. Of that, $287,164 was protocol revenue. Based on the trailing year, the annualized rate is $6.45m in fees and $6.45m 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 $2.056b across 424 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 $1.188b in perpetual futures volume over the past 30 days.