/ Conviction Index / dYdX (DYDX)

dYdX (DYDX)

DeFi · Derivatives · DYDX · Launched v1 2018; v4 Oct 2023
B

Good (B) — Conviction Grade

dYdX is the leading decentralized perpetuals exchange. Migrated from Ethereum L2 to Cosmos-based app-chain (v4, Oct 2023). Material commercial-traction transition during migration.

77
Composite / 100
/ Subscore Breakdown · 5 Dimensions

Where this grade comes from.

Protocol Security
B
Governance Decentralization
B+
Liquidity
B
Adoption & Utility
B
Regulatory Posture
B
/ Public-Record Events

Key events & disclosures.

  • v1 2018
  • v3 (Ethereum L2) 2021
  • v4 Cosmos app-chain Oct 2023
  • DYDX token migration

/ Best for

Decentralized perpetuals trading; institutional allocation to decentralized derivatives.

/ Watch out for

v4 migration produced commercial-traction transition. Verify current onchain volume and liquidity for your trade-size requirements.