| FEATURE | DYDX | GRVT |
|---|---|---|
| Type | DEX | HYBRID |
| Taker Fee | 0.05% | 0.045% |
| Maker Fee | -0.011% | -0.0001% |
| Max Leverage | 20x | 50x |
| Perp Pairs | 232 | 96 |
| Spot Trading | No | No |
| KYC Required | No | Yes |
| Rating | 4.3 | 4.5 |
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
GRVT
PROS
- + Negative maker fees across all tiers, starting at -0.0001% at Level 1 and reaching -0.003% at Level 9 — traders earn rebates for providing liquidity
- + Sub-millisecond execution with up to 600,000 TPS on custom ZKsync Validium appchain, rivaling centralized exchange performance
- + Non-custodial smart account wallet eliminates counterparty risk — all settlements verified onchain via zero-knowledge proofs on Ethereum L1
CONS
- − KYC required via ComplyCube (document verification + biometrics) — unlike most DEXs, anonymous trading is not possible
- − Only USDT as trading collateral — no multi-collateral support with BTC, ETH, or stablecoins like USDC yet
- − Restricted in 9 jurisdictions including the US, Singapore, Hong Kong, Cuba, Iran, and North Korea
Frequently Asked Questions
Is dYdX or GRVT better?
GRVT has a higher rating (4.5 vs 4.3). GRVT offers lower fees (0.045% vs 0.05%). Choose dYdX for its features, and GRVT for lower fees.
What are the fees on dYdX vs GRVT?
dYdX charges 0.05% taker / -0.011% maker. GRVT charges 0.045% taker / -0.0001% maker for perpetuals.