dYdX is a leading decentralized exchange (DEX) protocol specializing in derivatives trading, perpetual contracts, and margin trading for cryptocurrencies. Built initially on Ethereum and later migrating to its own blockchain using Cosmos SDK, dYdX offers advanced trading features typically found on centralized exchanges while maintaining decentralization. The platform has processed billions in trading volume and launched its own token (DYDX) for governance and rewards.
dYdX has received investment from 9 venture capital firms.
| Date | Round | Amount | Lead Investor |
|---|---|---|---|
| Nov 2025 | Series B | $110M | Paradigm |
Decentralized cryptocurrency exchange protocol for perpetual trading and lending built on Ethereum.
dYdX has received investment from 1kx, CMT Digital, Delphi Digital, Dragonfly, Dragonfly Capital Partners and 4 other investors. These venture capital firms and investors provide both capital and strategic support.
dYdX has raised $87M in total funding, with their most recent round being a Series C. The company operates in the Web3 sector.
dYdX was founded in 2017 and is headquartered in San Francisco, California.
dYdX operates in the Web3 sector. Decentralized cryptocurrency exchange protocol for perpetual trading and lending built on Ethereum.
