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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