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Lighter vs dYdX
Lighter vs dYdX
Side-by-side comparison of two perpetual futures exchanges — updated in real time.
Metric
Lighter
dYdX
Chain
Ethereum L2
dYdX Chain
Type
Orderbook
Orderbook
24h Volume
$2.54B
$195M
Open Interest
$797M
$58.2M
Maker Fee
0.00%
-0.011%
Taker Fee
0.00%
0.030%
Max Leverage
20×
25×
Markets
153
188
Collateral
USDC
USDC
Funding Interval
1h
1h
Airdrop Status
$LIT
$DYDX
Lighter — Pros & Cons
Pros
Zero gas fees
Fully on-chain orderbook
Fast settlement
Cons
Fewer markets than competitors
Newer ecosystem
Limited collateral options
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
Trade on Lighter →
Trade on dYdX →
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