Is dYdX a scam?

Asked about dYdX (DYDX), market cap rank #295.

Short answer

dYdX (DYDX) has been scored on isthiscoinascam.com and has a moderate score — some risk signals were raised but no critical concerns.

Source: isthiscoinascam.com · Updated 2026-09-16

Red flags raised

  • Low economic security

Positive signals

  • Shortlisted for Institutional DeFi Solution of the Year.
  • Strong backing from reputable venture capital firms.

Security audits

1 audit on record.

  • Trail of Bits (2019-07-15) — pass

Team transparency

The dYdX team is doxxed — public identities are known.

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