Decentralized derivatives exchanges have grown in popularity in recent months. This article makes a GMX vs dYdX comparison.
Since the Decentralized Finance (DeFi) boom in 2020, many traditional finance concepts have been deployed into the decentralized space. So, several concepts have been introduced, changing how the market runs. Interestingly, decentralized derivatives are one such concept. This initiative provides traders with an option to trade several assets without holding any of them in a decentralized way.
So, this article will compare two of the most well-known decentralized derivative exchanges at the moment, GMX vs dYdX. But first, let's define what is a derivate.
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