{"slug":"dydx","name":"dYdX","domain":"dydx.xyz","verdict":"As of 2026-07-14, ChatGPT, Claude, Gemini, Grok collectively rank dYdX #2 of 9 for perps dex. Source: https://modelsagree.com/product/dydx (modelsagree.com, CC BY 4.0).","best_rank":2,"categories":1,"brief":{"category":"best-perps-dex","title":"Best perps DEX","rank":2,"of":9,"top":"Hyperliquid","day":"2026-07-17","why":[{"t":"Mature decentralized order book","m":["Claude","Grok","ChatGPT","Gemini"],"q":"The mature, purpose-built decentralized order-book perps exchange"},{"t":"Professional and institutional trading tools","m":["Claude","Grok","Gemini"],"q":"professional trading tooling"},{"t":"Long track record","m":["Claude","Grok"],"q":"solid liquidity and longer track record"},{"t":"Full self-custody and decentralization","m":["Claude","ChatGPT","Gemini"],"q":"full self-custody"}],"gap":[{"t":"Deep dominant liquidity","m":["ChatGPT","Claude","Grok"],"q":"The dominant perps DEX by liquidity and volume"},{"t":"Broad asset coverage","m":["ChatGPT","Claude"],"q":"broad asset coverage"},{"t":"Sub-second finality","m":["Claude","Gemini","Grok"],"q":"sub-second finality"}],"fix":[{"t":"Improve liquidity and market breadth","m":["ChatGPT","Claude"],"q":"Liquidity, market breadth, and cross-chain onboarding generally trail"},{"t":"Reduce cross-chain onboarding friction","m":["ChatGPT","Gemini"],"q":"Steep onboarding friction requiring asset bridging to the dYdX Chain"},{"t":"Align token value with growth","m":["Gemini"],"q":"tokenomics that have struggled to align token value with platform growth"}]},"entries":[{"slug":"best-perps-dex","title":"Best perps DEX","rank":2,"of":9,"score":11,"appearances":4,"modelRanks":{"ChatGPT":4,"Claude":2,"Gemini":5,"Grok":2},"reason":"The mature, purpose-built decentralized order-book perps exchange — its own Cosmos appchain with off-chain matching plus on-chain settlement, professional trading tooling, a long track record, and full self-custody, making it the closest thing to a CEX order-book experience for a pro trader.","reasons":[{"model":"Claude","reason":"The mature, purpose-built decentralized order-book perps exchange — its own Cosmos appchain with off-chain matching plus on-chain settlement, professional trading tooling, a long track record, and full self-custody, making it the closest thing to a CEX order-book experience for a pro trader."},{"model":"Grok","reason":"Established Cosmos L1 order book model with strong institutional tools, solid liquidity and longer track record, competitive fees, high leverage options, and reliable performance for pro traders seeking a mature decentralized alternative to Hyperliquid."},{"model":"ChatGPT","reason":"Mature open-source software, a distributed validator network, permissionless market creation, and a familiar order-book workflow make it the strongest decentralization-first choice."},{"model":"Gemini","reason":"Offers an institutional-grade, fully decentralized order book and matching engine on Cosmos (dYdX Chain) with robust APIs and zero-gas trading for professional practitioners."}],"fixes":[{"model":"ChatGPT","fix":"Liquidity, market breadth, and cross-chain onboarding generally trail the leading execution-focused venues."},{"model":"Claude","fix":"Liquidity and volume trail far behind Hyperliquid and the v4 migration fragmented users; books are thin outside the majors."},{"model":"Gemini","fix":"Steep onboarding friction requiring asset bridging to the dYdX Chain and tokenomics that have struggled to align token value with platform growth."}],"updated":"2026-07-14","api":"https://modelsagree.com/api/v1/best/best-perps-dex.json"}],"page":"https://modelsagree.com/product/dydx","check":"https://modelsagree.com/check?q=dYdX","updated":"2026-08-10T18:18:45.051Z","attribution":"modelsagree.com, CC BY 4.0"}