"dYdX Trade" refers to trading on dYdX, a leading decentralized exchange (DEX) focused on perpetual futures contracts. Here's what you need to know:

Key Features of dYdX Trading:

1. Perpetual Contracts (Perps)
   • Trade crypto futures with up to 20x leverage (e.g., BTC, ETH, SOL).
   • No expiry dates (unlike traditional futures).
   • Settled in crypto (e.g., USDC).
2. Non-Custodial & Self-Sovereign
   • You retain full control of funds via your wallet (e.g., MetaMask).
   • Trades execute on-chain (powered by StarkEx L2 for low fees).
3. Advanced Trading Interface
   • Professional tools: Order books, charts, limit/stop-loss orders.
   • Similar experience to centralized exchanges (CEXs) like Binance.
4. dYdX Chain
   • Runs on its own Cosmos-based blockchain (since v4).
   • Uses $DYDX token for staking, fees, and governance.

How to Start Trading:

1. Connect Wallet
   • Use MetaMask, Keplr, or WalletConnect.
2. Fund Account
   • Deposit USDC or other supported assets.
3. Trade
   • Select market (e.g., ETH-USD), set leverage, and place orders.

Pros & Cons:

ProsCons✅ Full asset control❌ Learning curve for beginners✅ Low fees (≈0.05% taker fee)❌ Limited spot trading✅ High liquidity❌ Requires gas fees for on-chain actions

Current Stats (June 2025):

• 24h Volume: ~$2–5B
• Top Pairs: BTC, ETH, SOL, AVAX
• Governance: $DYDX holders vote on upgrades.

Need Help?

• Website: dydx.exchange
• Tutorials: dYdX Academy
• Community: Discord, Twitter (@dYdX)