dYdX V4

dYdX Chain Mainnet, a robust blockchain built with the CosmosSDK. This documentation is diligently maintained by the dYdX Operations subDAO to provide a comprehensive resource for validators, developers, and the dYdX community at large.

## Overview dYdX V4 is a decentralized perpetuals exchange built on its own blockchain, dYdX Chain, which runs on the Cosmos SDK. Unlike earlier versions of dYdX that operated as smart contracts on Ethereum, V4 represents a complete architectural redesign: a purpose-built blockchain optimized from the ground up for derivatives trading. The platform enables users to trade perpetual futures contracts with leverage across a variety of asset pairs without relying on centralized intermediaries to hold funds or execute trades. The dYdX Chain was designed to solve performance, cost, and decentralizat