Perp DEX volume share, live 24h notional ranked
TradingdYdX
Trails$18.45M
- p99
- $44.70M
- rank
- #20
- samples
- 2,880
GRVT
Leads$433.85M
- p99
- $489.83M
- rank
- #9
- samples
- 2,880
24h perp volume
dYdXn/aGRVTn/a
dYdX vs GRVT
dYdX leads on 1 of 4 shared benchmarks, GRVT on 3. dYdX wins on Perp DEX volume to open interest (0.435x vs 0.902x). GRVT wins on Perp DEX volume share, live 24h notional ranked ($433.85M vs $18.45M), Most tradable markets on a perp DEX, live count per venue (194 vs 73), Perp DEX capital efficiency (6 vs 0.674). Data as of 2026-10-06 UTC.
dYdX
Perp DEX on the dYdX Chain, a Cosmos SDK appchain. Orderbook with off-chain matching and onchain settlement, validators propagate orders via the mempool.
GRVT
zkSync hybrid CEX/DEX perp venue with privacy-preserving order matching.
Side by side measurements
Most tradable markets on a perp DEX, live count per venue
TradingdYdX
Trails73
- p99
- 73
- rank
- #16
- samples
- 2,880
GRVT
Leads194
- p99
- 194
- rank
- #6
- samples
- 2,880
Active markets
dYdXn/aGRVTn/a
Perp DEX capital efficiency: active markets per $M TVL, live
TradingdYdX
Trails0.674
- p99
- 0.674
- rank
- #10
- samples
- 2,880
GRVT
Leads6
- p99
- 6
- rank
- #4
- samples
- 2,880
Markets per $M TVL
dYdXn/aGRVTn/a
TVL from DefiLlama /protocol/{slug} currentChainTvls, excluding staking and pool2 categories. Market count from each venue's native API (same source as the perp-active-markets bench). The ratio reflects architectural choices, not absolute liquidity: a high ratio means the venue can list many markets cheaply, not that each market has deep liquidity. Compare with perp-volume-share for the liquidity angle.
Perp DEX volume to open interest: 24h turnover per dollar of OI, live
TradingdYdX
Leads0.435x
- p99
- 1.054x
- rank
- #5
- samples
- 2,880
GRVT
Trails0.902x
- p99
- 1.018x
- rank
- #9
- samples
- 2,880
Volume / OI (24h)
dYdXn/aGRVTn/a
The ratio is a screen, not a verdict. Both terms are the venue's own figures (24h volume and open interest as each API reports them, in USD), so a venue that counts both legs of a fill moves its ratio without changing anything real. A very low ratio (Ostium, 0.2x) means positions held for days on thin daily volume; a very high one (Kalshi, above 40x) means a day of trading dwarfs what stays open. The bands in the methodology say what each range usually means.
Frequently asked questions
dYdX vs GRVT: which one is better?
dYdX and GRVT are compared on 4 shared OpenChainBench benchmarks. dYdX leads on Perp DEX volume to open interest. GRVT leads on Perp DEX volume share, live 24h notional ranked. See the live table on this page for every metric.
Which has the lower volume / oi (24h), dYdX or GRVT?
On the Perp DEX volume to open interest benchmark, dYdX leads at 0.435x versus GRVT at 0.902x. Live measurement is updated continuously by the OpenChainBench harness.
Which has the higher 24h perp volume, dYdX or GRVT?
On the Perp DEX volume share, live 24h notional ranked benchmark, GRVT leads at $433.85M versus dYdX at $18.45M. Live measurement is updated continuously by the OpenChainBench harness.
How is the dYdX vs GRVT comparison measured?
Every benchmark on this page uses the same open methodology, published at https://openchainbench.com/methodology. Data is CC-BY-4.0. Measurement harnesses are MIT-licensed.
Related comparisons
How this pair was selected
Auto-generated pairs require: both providers in the same benchmark for seven consecutive days, at least 1000 samples per provider, observable third-party search demand, and a public /products/[slug] page on OCB. Editorially curated pairs (like this one) may publish early when search demand is high and data is accruing; panels with fewer than 100 samples are shown as provisional. The full pair ledger is versioned in the public repo.