| FEATURE | DYDX | AEVO |
|---|---|---|
| Type | DEX | DEX |
| Taker Fee | 0.05% | 0.08% |
| Maker Fee | -0.011% | 0.05% |
| Max Leverage | 20x | 20x |
| Perp Pairs | 232 | 147 |
| Spot Trading | No | No |
| KYC Required | No | No |
| Rating | 4.3 | 4.2 |
dYdX
PROS
- + Competitive perpetuals taker fee of 0.05% at base tier with maker rebates rewarding liquidity providers, and Surge program offering 50% fee rebates for active traders
- + Fully decentralized governance — all protocol parameters including fees, market listings, and rewards are controlled by DYDX token holders through onchain voting
- + No KYC required — non-custodial trading via wallet connection with full onchain transparency on the dYdX Cosmos appchain
CONS
- − Maximum leverage capped at 20x — significantly lower than competitors like Hyperliquid (40x) or GMX (50x+) on major pairs
- − Restricted in the US, UK, and Canada — three of the largest crypto markets — plus multiple sanctioned jurisdictions
- − USDC-only collateral with no multi-collateral support — traders cannot use BTC, ETH, or other assets as margin
Aevo
PROS
- + Unique options markets alongside perpetuals — one of the only DEX platforms offering onchain vanilla options alongside 148+ perpetual pairs
- + Competitive perpetuals fees at 0.08% taker / 0.05% maker, with maker rebates on options as low as 0.03%
- + No KYC required — fully non-custodial trading by connecting any EVM wallet, accessible globally except US, Canada, and China
CONS
- − Maximum leverage of 20x is lower than competitors like Hyperliquid (40x) and GMX (50x) — not suitable for high-leverage seekers
- − TVL of approximately $22M is significantly lower than leading perpetuals DEXs (Hyperliquid: $4.8B, GMX: $500M+) — may limit depth and liquidity
- − Only USDC accepted as primary collateral — no multi-collateral support like some competing platforms
Frequently Asked Questions
Is dYdX or Aevo better?
dYdX has a higher rating (4.3 vs 4.2). dYdX offers lower fees (0.05% vs 0.08%). Choose dYdX for lower fees, and Aevo for its features.
What are the fees on dYdX vs Aevo?
dYdX charges 0.05% taker / -0.011% maker. Aevo charges 0.08% taker / 0.05% maker for perpetuals.