Score withheld

dYdX

DeFi, financial protocol weightsMarket-cap rank 288, CoinGecko 23 Oct 2026

STRICT score withheld.Score opens with Pro

Sustainabilitywithheld×0.20–

Transparencywithheld×0.16–

Revenuewithheld×0.24–

Innovationwithheld×0.16–

Communitywithheld×0.10–

Tokenomicswithheld×0.14–

Weights are public.

The full report. Score, pillars, arithmetic, risk, scenario, signal and notes.

See plans

Research, not financial advice. Read the terms.

About dYdX

Analysis of 10 Jul 2026

dYdX is a decentralized derivatives exchange running on its own Cosmos SDK-based Layer 1 blockchain. The trading app reports about $1.5 trillion in lifetime volume, roughly $200 million in open interest, 220+ markets, and MegaVault TVL near $12 million, while DeFiLlama shows protocol TVL around $134 million across dYdX and Ethereum.

Full overviewShow less

The protocol remains one of the most mature on-chain perpetual venues, with a 2025 ecosystem report citing $64.7 million in cumulative protocol fees since v4, Q4 volume recovery, and a governance-approved buyback program allocating 75% of net protocol revenue to DYDX purchases.

The weak point is market share: Hyperliquid and newer venues now command much of the marginal liquidity.

DYDX trades near $0.123 with a $103 million market cap, down about 76% year-over-year and 97% below its 2024 all-time high.

Add to watchlist