Comparison Overview
GMX vs dYdX
GMX and dYdX differ most in market structure rather than headline fees alone. GMX is closer to an AMM and multi-chain liquidity-pool experience, while dYdX is closer to an order book, dedicated-chain, professional trading interface. Choose based on whether you want pooled liquidity and a simpler entry point or a more exchange-like execution model.
Core Facts
| Platform | GMX | dYdX |
|---|---|---|
| Maker / Taker | 0.10% / 0.10% | 0.05% / 0.20% |
| Chains | Arbitrum, Avalanche | dYdX Chain |
| Market Model | AMM | Order Book |
| KYC | Currently marked as no-KYC | Currently marked as no-KYC |
| Max Leverage | 50x | 20x |
| Assets | 8+ | 35+ |
| Risk Level | Medium | Medium |
How to Choose
- Research GMX first if you want an AMM-style, multi-chain, pooled-liquidity experience.
- Research dYdX first if you want an order book, professional interface, and dedicated-chain setup.
- Use the related GMX and dYdX guides before deciding; this page is a comparison starting point.
GMX
GMX is better suited for users who care about Arbitrum, Avalanche, 0.10%/0.10% fees, 50x max leverage, and 8+ supported assets.
dYdX
dYdX is better suited for users who care about dYdX Chain, 0.05%/0.20% fees, 20x max leverage, and 35+ supported assets.
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FAQ
Which feels more like a centralized exchange, GMX or dYdX?
dYdX feels closer to a centralized exchange because of its order book and professional trading interface. GMX is closer to an AMM and liquidity-pool model, so the execution experience is different.
How do the risks differ between GMX and dYdX?
GMX requires attention to pooled liquidity, execution pricing, and multi-chain risk. dYdX requires attention to order book liquidity, chain-level changes, and product rules. Both still carry leveraged trading risk.