October 24, 2023
June 4, 2025

It’s Finally Here: dYdX Chain v1.0 is Officially Released!

dYdX
It’s Finally Here: dYdX Chain v1.0 is Officially Released!It’s Finally Here: dYdX Chain v1.0 is Officially Released!

Introduction

The time is finally here! Today, we’re proud to present and open source the completed dYdX Chain! The code, including the protocol, orderbook, front end and more (“dYdX Chain”) have been completed, audited, and now open sourced for anyone to use.

Why the dYdX Chain?

At dYdX, we’ve continuously valued radical change in order to create the best possible experience for users. This was apparent in our move to L2s before they were widely popular and with our decision to create the dYdX Chain as a standalone app-chain.

Creating a stand alone app-chain allows us to execute on one of our core beliefs, full decentralization, while increasing the speed and ease of use our traders demand to execute their strategies. The new dYdX Chain could offer transactions of up to 2,000 transactions per second which is unprecedented within the world of DeFi.

Furthermore, with dYdX Chain, all parts of the protocol are now fully decentralized, including the order book. By building our own app-chain, we unlocked full customizability over the entire tech stack, including how the chain works and the roles that third-party validators could play. dYdX Trading will not run any part of the infrastructure behind any deployment of the new dYdX Chain.

Check out our original announcement to learn more about why we decided on a standalone app-chain and how the technology works.

What happens next

Now that the software is released, we are excited to watch the next steps unfold. We look forward to seeing the dYdX Chain infrastructure run globally by DeFi enthusiasts.

Check out the blog post from the dYdX Operations SubDAO to learn more about their plans for the dYdX Chain.

dYdX Trading plans to keep building and sharing our code via open source.  We’ll look for ways to participate in the dYdX community and will share more details about new potential product features over the coming months.

Thank you to our community, our team, our investors, and everyone who advised and audited our code along the way. We can’t wait to see what this next chapter of dYdX brings!

A Word From Antonio

Today's release of the dYdX Chain is a huge moment for both dYdX and DeFi. With $1 Billion of crypto derivatives traded per day, dYdX has become a leader in DeFi. The dYdX Chain software release marks the full decentralization of dYdX, and is a big step on our mission to democratize access to financial opportunity. With the dYdX Chain, dYdX brings transparency and security to derivatives trading with an exchange that is run solely by code, and controlled by its users.

Legitimacy and Disclaimer

© 2025 dYdX International Ltd. All rights reserved.

dYdX is a decentralised, disintermediated and permissionless protocol, and is not available in the U.S. or to U.S. persons as well as for Restricted Persons as set out in the dYdX Software Terms of Use, accessible: https://dydx.exchange/v4-terms. dYdX International Ltd (“DI”) does not develop, control or participate in the operation of any component of the dYdX Protocol (including the MegaVault).

The information provided in this website is for general informational purposes only and DI reserves the right to update, modify, or amend any contents herein, at its sole discretion and without prior notice.  Nothing herein should be used or considered as legal, financial, tax, or any other advice, nor as an instruction or invitation to act in any way by anyone.

Engaging in any activity involving crypto-assets (including trading crypto assets and depositing into the MegaVault) is risky due to high volatility. Returns are not guaranteed and may fluctuate over time depending on multiple factors, and you may lose your entire investment, particularly when using leverage. Investment into crypto-assets may not be regulated and may not be suitable for retail investors. You should perform your own research and due diligence before engaging in any activity involving crypto-assets.

In no event will DI be liable for any loss or damage, including without limitation, indirect or consequential loss or damage, arising from or in connection with the use of this website. By continuing to access this website, you agree to the above and accept the possibility of changes in the information provided.

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© 2025 dYdX International Ltd. All rights reserved.

dYdX is a decentralised, disintermediated and permissionless protocol, and is not available in the U.S. or to U.S. persons as well as for Restricted Persons as set out in the dYdX Software Terms of Use, accessible: https://dydx.exchange/v4-terms. dYdX International Ltd (“DI”) does not develop, control or participate in the operation of any component of the dYdX Protocol (including the MegaVault).

The information provided in this website is for general informational purposes only and DI reserves the right to update, modify, or amend any contents herein, at its sole discretion and without prior notice.  Nothing herein should be used or considered as legal, financial, tax, or any other advice, nor as an instruction or invitation to act in any way by anyone.

Engaging in any activity involving crypto-assets (including trading crypto assets and depositing into the MegaVault) is risky due to high volatility. Returns are not guaranteed and may fluctuate over time depending on multiple factors, and you may lose your entire investment, particularly when using leverage. Investment into crypto-assets may not be regulated and may not be suitable for retail investors. You should perform your own research and due diligence before engaging in any activity involving crypto-assets.

In no event will DI be liable for any loss or damage, including without limitation, indirect or consequential loss or damage, arising from or in connection with the use of this website. By continuing to access this website, you agree to the above and accept the possibility of changes in the information provided.

Leaving site

By clicking ‘Continue’, you will be leaving https://www.dydx.xyz/ and accessing a website made available by a third party using dYdX v4 open-source software that is independent from and unaffiliated with dYdX International Ltd (“DI”). DI does not deploy or run dYdX v4 open-source software for public use, nor does it operate or control any or all parts of the infrastructure. DI is not responsible for any actions taken by independent third parties or for any codes, materials and contents on any third-party websites, including the one you would access by clicking ‘Continue’.

DI’s contents and services are not available to persons who are residents of, are located or incorporated in, or have a registered office in the U.S., Canada or any Restricted Persons as set out in the dYdX v4 open-source software Terms of Use, accessible here.  More details can be found in our Terms of Use. Learn more about dYdX v4 third-party front end options here.

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