| FEATURE | EVEDEX | DYDX |
|---|---|---|
| Type | HYBRID | DEX |
| Taker Fee | 0.045% | 0.05% |
| Maker Fee | 0.015% | 0.01% |
| Max Leverage | 100x | 50x |
| Perp Pairs | 48 | 114 |
| Spot Trading | No | Yes |
| KYC Required | No | No |
| Rating | 3.9 | 4.3 |
EVEDEX
PROS
- + Zero blockchain gas fees for trading — orders matched off-chain on Eventum L3 with roughly $0.01 on-chain settlement costs
- + Up to 100x leverage on BTC and major perpetual pairs with competitive 0.045% taker / 0.015% maker base fees
- + Non-custodial: funds remain in user-controlled smart contracts and settle on-chain, eliminating exchange counterparty risk
CONS
- − Perpetual-futures only (around 48 pairs) — no spot or options markets
- − Only USDT accepted as collateral — no multi-collateral support for diversified margin
- − Liquidity and open interest are a fraction of market leaders (TVL near $1.9M), so large positions can face slippage
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
Frequently Asked Questions
Is EVEDEX or dYdX better?
dYdX has a higher rating (4.3 vs 3.9). EVEDEX offers lower fees (0.045% vs 0.05%). Choose EVEDEX for lower fees, and dYdX for its features.
What are the fees on EVEDEX vs dYdX?
EVEDEX charges 0.045% taker / 0.015% maker. dYdX charges 0.05% taker / 0.01% maker for perpetuals.