| FEATURE | DYDX | AEVO |
|---|---|---|
| Type | DEX | DEX |
| Taker Fee | 0.05% | 0.08% |
| Maker Fee | 0.01% | 0.05% |
| Max Leverage | 50x | 20x |
| Perp Pairs | 114 | 144 |
| Spot Trading | Yes | 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, plus zero-fee periods on BTC and SOL markets and a Surge program offering 50% fee rebates
- + 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
- − 50x leverage is available only on BTC and ETH — most altcoin perpetual markets are capped at just 5x-20x, lower than rivals offering high leverage across the board
- − Perpetuals remain restricted in the US, UK, and Canada — US traders can only access the new Solana spot product, not derivatives
- − USDC-only collateral with no multi-collateral support — traders cannot use BTC, ETH, or other assets as perpetual margin
Aevo
PROS
- + Rare on-chain options markets alongside 144 perpetual pairs — one of the only DEXs offering vanilla options and perps under a single unified margin account
- + Competitive perpetual fees of 0.08% taker / 0.05% maker, with options at 0.05% / 0.03% and up to a 20% fee discount for AEVO stakers
- + No KYC required — non-custodial trading by connecting any EVM wallet, accessible globally except the US, Canada, and China
CONS
- − Maximum 20x leverage on perpetuals is well below competitors like GMX (100x) and Avantis (500x), limiting appeal for high-leverage traders
- − TVL of roughly $15M is far smaller than leading perpetual DEXs such as Hyperliquid, which can reduce depth on lower-volume pairs
- − The full 20% fee discount requires staking AEVO with lock-ups of up to 12 months, so casual traders pay standard rates
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 / 0.01% maker. Aevo charges 0.08% taker / 0.05% maker for perpetuals.