ApeX Protocol vs dYdX Comparison
| 0.02% maker / 0.05% taker | Fees | 0.05% taker / 0.01% maker |
ApeX Protocol
vs
dYdXWinner
Pros & Cons
Pros
- No gas costs for users
- Perpetuals on equities, commodities and prediction markets too
- Around 90 crypto perpetuals, up to 100x leverage on BTC and ETH
- Operating since 2022 with no known loss of user funds
- Well-known backers
Cons
- Considerably lower volume than the market leaders
- Thinner order books in secondary markets
- No EU authorisation
- Support runs through community channels
Pros
- Fully decentralised order book — matching runs through validators
- Purpose-built Cosmos chain rather than a rollup dependency
- Long operating history and mature market structure
- 200+ markets
- Low network fees
Cons
- Market share has fallen sharply as liquidity moved to newer venues
- Thinner books and higher slippage in secondary markets
- No EU authorisation
- Support runs through community channels
Score Comparison
4.4Usability4.2
4.1Features4.2
4.3Fees4.2
4.2Stability4.5
3.5Support3.6
Features
- No gas costs
- Crypto, equity and commodity perpetuals in one interface
- Operating since 2022 without a known security incident
- Up to 100x leverage on the main markets
- Decentralised matching at validator level
- Purpose-built Cosmos chain
- Established name in derivatives
- 200+ perpetual markets
Details
ApeX ProtocoldYdX
| ApeX Protocol (by Bybit) | Company | dYdX Trading Inc. |
| Singapore | Headquarters | United States |