What is dYdX Chain?

dYdX chain is an open-source application specific blockchain software that can power a decentralized perpetuals exchange. This standalone blockchain software is open-sourced by dYdX Trading Inc. (“dYdX”) and is based on the Cosmos SDK and CometBFT proof-of-stake consensus protocol. dYdX Chain is fully decentralized end-to-end, including its consensus mechanism, order-book, matching engine and front end.

dYdX does not control any aspects of any public deployments of dYdX chain. Any use of dYdX Chain is subject to the v4 Terms of Use (opens in a new tab). You can read more about v4 software in our blog post here (opens in a new tab).