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Home/Compare/dYdX vs Hyperliquid

dYdX vs Hyperliquid

Side-by-side comparison of two perpetual futures exchanges — updated in real time.

Metric
dYdX
dYdX
Hyperliquid
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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