Perp DEX volume share, live 24h notional ranked
TradingdYdX
Trails$18.08M
- p99
- $44.70M
- rank
- #20
- samples
- 2,880
ORDER
Leads$28.72M
- p99
- $45.30M
- rank
- #17
- samples
- 2,880
24h perp volume
dYdXn/aORDERn/a
dYdX vs ORDER
ORDER leads on all 3 live benchmarks. ORDER wins on Perp DEX volume share, live 24h notional ranked ($28.72M vs $18.08M), Perp DEX price to fees (8.80x vs 37.5x), Perp DEX daily volume 2026 ($45.30M vs $32.17M). 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.
ORDER
Orderly Network is a permissionless liquidity layer for on-chain perpetuals. Front-ends (including WOOFi Pro) route orders through a shared CLOB infrastructure deployed across Arbitrum, Optimism, Polygon, Base and other chains.
Daily perp volume, head to head
Perpetual notional per closed UTC day, the DeFiLlama day buckets, read from each venue's own data. Ribbon under the bars marks which venue printed more that day.
7d lead
ORDER
$309M vs $405M
30d lead
ORDER
$1.22B vs $1.39B
Days led, last 30
13 / 17
dYdX / ORDER
Current streak
3 days
ORDER since Oct 3, 2026
dYdXORDER
UTC days, one side per trade
dYdX volume ÷ ORDER volume, week by week
The ratio of the two venues' seven-day perp volume, in percent; a window is shown only when both sides have every day closed. 100% is parity. The dashed line is the median of the weeks shown; the last window is the 7d tile above.
76.2% · week to 5 Oct · median 87.6%
dYdX ÷ ORDER, seven-day windows ending on the last closed day
29 Sep to 5 Oct
| dYdX ÷ ORDER | 76.2% |
| vs median | -11.4pt |
| = dYdX volume | $308.7M |
| ÷ ORDER volume | $405.0M |
| Window | dYdX | ORDER | dYdX / ORDER |
|---|---|---|---|
| Last closed day (Oct 5, 2026) | $32.2M | $45.3M | 71% |
| Last 7 days | $309M | $405M | 76% |
| Last 30 days | $1.22B | $1.39B | 88% |
Sources: dYdX, dYdX v4 indexer 1DAY candles usdVolume summed over all perpetual markets. ORDER, Orderly Network md/volume/daily_stats, all chains. Days where either venue has not closed are left blank rather than counted as zero. Last closed day common to both: Oct 5, 2026. Methodology and every venue on bench 266.
Side by side measurements
Perp DEX price to fees: what the market pays per dollar of trading fees
Trading| Provider | P/F ratio | FDV / fees | Fees 30d | Float | Open interest | Fees / OI |
|---|---|---|---|---|---|---|
| dYdX | 37.5x | 42.1x | $270.5K | 88.3% | $50.11M | 0.066x |
| ORDER | 8.80x | 21.2x | $148.2K | 41.1% | $18.87M | 0.096x |
View
dYdXn/aORDERn/a
P/F = circulating market cap (CoinGecko) / annualized fees (DeFiLlama dailyFees, trailing 30d x 365/30), on the DeFiLlama parent the token accrues from. Fees include the share paid to liquidity providers; P/S uses protocol revenue only. Low-float tokens show a much higher FDV/F than P/F. Pre-TGE venues are listed unranked with fees and OI, no ratio. A low multiple is not a recommendation.
Perp DEX daily volume 2026: Hyperliquid, Aster, Lighter, GMX, Gains, dYdX by UTC day, backfilled
Trading| Provider | Daily perp volume | Volume 30d | Share 30d |
|---|---|---|---|
| dYdX | $32.17M | $1.22B | 0.33% |
| ORDER | $45.30M | $1.39B | 0.38% |
View
dYdXn/aORDERn/a
Volume is self-reported by each venue's public data surface and counted per UTC day, one side of each trade. Perimeters differ slightly per venue and are stated in the ledger notes. A closed day can be restated by a venue for one to two days; the harness re-reads the last three days every hour. Not a measure of organic flow: incentive programs and wash trading inflate notional on every venue.
Frequently asked questions
dYdX vs ORDER: which one is better?
dYdX and ORDER are compared on 3 shared OpenChainBench benchmarks. ORDER leads on Perp DEX volume share, live 24h notional ranked. See the live table on this page for every metric.
Which has the higher 24h perp volume, dYdX or ORDER?
On the Perp DEX volume share, live 24h notional ranked benchmark, ORDER leads at $28.72M versus dYdX at $18.08M. Live measurement is updated continuously by the OpenChainBench harness.
How is the dYdX vs ORDER 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.