24h Volume
$209M
-12.5% 24h
Markets188
Leverage25×
CollateralUSDC
Funding1h
dYdX — Daily Volume
Mar 2026 — Mar 2026 · 8 days
About dYdX
One of the oldest and largest perp DEXes. V4 runs on its own Cosmos-based L1 with a fully decentralized orderbook.
Pros
- Own sovereign L1 chain
- 188 markets
- Maker rebates
- DYDX token live
Cons
- Volume has declined vs competitors
- Cosmos chain less accessible
- Complex bridging
Airdrop
StatusMegaVault + Trading Rewards
$DYDX token live since Sep 2021. Trading rewards: ~$1.5M/month. MegaVault yields ~20% APR. Surge Season 12 ongoing.
How to Farm
- •Trade perpetuals for $1.5M/month trading rewards
- •Deposit USDC into MegaVault for ~20% APR
- •Stake dYdX tokens for staking rewards
- •Participate in Surge Season 12
Distribution Schedule
Monthly trading rewards (~$1.5M/mo). MegaVault yields continuous.
Key Dates
Surge Season 12 active
Launched Oct 2023Audited by multiple firms