Is dYdX a scam?

Asked about dYdX (ETHDYDX), market cap rank #1601.

Short answer

dYdX (ETHDYDX) has been scored on isthiscoinascam.com and has a low score, indicating elevated scam risk based on the available data.

Source: isthiscoinascam.com · Updated 2026-05-11

Red flags raised

  • Less than 50% of supply is circulating
  • Daily volume exceeds market cap (possible wash trading)

Team transparency

The dYdX team is anonymous — public identities are not on record.

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