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dYdX vs Hyperliquid
dYdX vs Hyperliquid
Side-by-side comparison of two perpetual futures exchanges — updated in real time.
Metric
dYdX
Hyperliquid
Chain
dYdX Chain
Hyperliquid L1
Type
Orderbook
Orderbook
24h Volume
$228M
$5.38B
Open Interest
$75.5M
$5.59B
Maker Fee
-0.011%
0.015%
Taker Fee
0.030%
0.045%
Max Leverage
25×
50×
Markets
188
190
Collateral
USDC
USDC
Funding Interval
1h
1h
Airdrop Status
$DYDX
$HYPE
dYdX — Pros & Cons
Pros
Own sovereign L1 chain
188 markets
Maker rebates
DYDX token live
Cons
Volume has declined vs competitors
Cosmos chain less accessible
Complex bridging
Hyperliquid — Pros & Cons
Pros
Deep liquidity and tight spreads
Sub-second finality on native L1
Zero gas fees for trading
Cons
Single-chain ecosystem
Centralized sequencer
Limited DeFi composability
Trade on dYdX →
Trade on Hyperliquid →
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