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261 reviews, 91% of them positive; 285 WHUF vouched for them by 1 person.91% positive · 261 reviews· 285 WHUF vouched· Influence factor 146, above 29% of accountsThe record
From 5 activities · Aug 2026dYdX operates a decentralized perpetual contracts platform built on its own Cosmos SDK chain, offering non-custodial and permissionless trading infrastructure designed for low fees and high performance. Users appreciate the platform's functionality and accessibility, with positive feedback on the trading experience and community engagement.
What people say
Received · 261Given · 0Vouched · 1 person · 285 WHUF at stakeAll vouches ›
“Underrated”You’re one of the people in Web3 I truly trust and admire. Keep doing what you’re doing.
Arianne · 1131· 1y ago9
Arianne · 1131· 1y ago9“Dex perp has been pretty consistent so far and I like it
The positive impact of governance that dydx has is quite good”
Mixagrip · 1181· 1y ago9
Mixagrip · 1181· 1y ago9“Decent perp dex”Not the most user-friendly, but a trustworthy and established perp dex.
ak · 2195· 1y ago9
ak · 2195· 1y ago9“nobody can beat DyDx”DyDx is my first perpetualtrade platform i use back in few years ago , i got decent drop too from them this platform is OG
Meek DeFi · 1268· 1y ago11
Meek DeFi · 1268· 1y ago11“GREAT PLATFORM”I first saw dydy on kaito leaderboard, as dig deep, i found out that it is such an amazing platform. imagine a CEX that is like a DEX? isn't that just incredible? you own your funds, no fear of CEX going out of business
MR BEYOND · 1261· 1y ago11
MR BEYOND · 1261· 1y ago11“dYdX Delivers on Performance, But Fee Structure Could Be Its Achilles' Heel”dYdX stands out as one of the most refined perpetual DEX platforms available today, offering a sleek interface and a trading experience that rivals centralized exchanges. Its UI/UX is intuitive, and the overall execution feels polished and professional. However, the platform’s biggest limitation lies in its relatively high transaction fees especially for active traders who rely on frequent entries and exits. In a rapidly evolving DeFi landscape, where new DEXs are emerging with lower fees and aggressive incentive models, dYdX risks losing its competitive edge unless it adapts quickly.
Folabi 🍊,💊 · 1239· 1y ago27
Folabi 🍊,💊 · 1239· 1y ago27“The First Centralized Exchange with Decentralized Exchange vibes”I remember when dydx launched, cosmos ecosystem gone mad, this a new dapp with great innovation. Before defidotme, vooi, and many clob dex, dydx launched it first and the craziest one, dev gib their community huge airdrop intantly withour farmer and bot drama.
T Scottey · 1239· 1y ago10
T Scottey · 1239· 1y ago10“dYdX feels like a CEX but fully on-chain. I love the gasless trades and smooth perp trading experience.”
0xAlif · 1271· 1y ago10
0xAlif · 1271· 1y ago10“dYdX – From Big Boss to Kinda Lost”Man, I been around watchin’ dYdX since back when they were the golden child of DeFi—everybody and they moms was talkin’ bout how this was the future of perpetual trading. And yo, I ain’t gonna lie, back in the day they really had that juice. Smooth interface, leverage plays, and a vibe like they was takin’ on the big centralized dogs. But somewhere along the line? They straight up lost the plot. First off, the whole shutdown of v3 on Ethereum was a mess. Folks had like seventy freakin’ mil locked up and couldn’t get it out proper. That’s the type of thing you expect from a shady rug project, not from one of the supposed “OG decentralized exchanges.” And sure, they talk about “escape hatches” and fancy fallback options, but c’mon bro—ain’t nobody tryin’ to jump through ten hoops just to touch their own money. That’s not decentralized freedom, that’s a headache. Then you peep the actual platform—bruh, it’s bare bones. Limited pairs, no spot trading, and if you sittin’ in the U.S.? Forget about it, they blockin’ you out like you don’t even exist. What’s the point of flexin’ “decentralization” if you still actin’ like a gatekeeper? That’s some selective freedom type energy, and it just don’t sit right. And let’s keep it a buck—the DYDX token? Weak sauce. Governance this, staking that, fee discounts… but where’s the real value? Utility’s thin, unlocks keep droppin’, and the price action be lookin’ like it’s on life support. Ain’t no one tryin’ to hold long term if the token feels more like dead weight than power play. On top of that, the numbers don’t lie. Earnings down eighty-plus percent, TVL slid from a billy to a couple hundred mil. That ain’t a “correction,” that’s a nosedive. It’s like watchin’ your favorite player go from MVP to benchwarmer in one season.
Zamza Salim · 1339· 1y ago · negative14
Zamza Salim · 1339· 1y ago · negative14“Top platform”great platform for traders, simple and user friendly. I would recommend dYdX for any trader, beginner or experienced
13R · 1280· 1y ago14
13R · 1280· 1y ago14
