Research corpus MarketsBLC-STUDY-0603

dYdX v4: an application-specific chain for perpetuals

dYdX v4 moves the perpetual order book onto its own chain, so matching is no longer a set of Ethereum transactions in a smart contract.

Official external source only
Design paper
Official source

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Record

Authors: dYdX Trading
Date: 2023
Publisher: dYdX Trading
Version: Source cited by the 2023 study. The study is the reading. This page does not add a second essay.
Document ID: BLC-STUDY-0603
DOI: None recorded
Last reviewed: 1 October 2026
Licence: No licence recorded. Rights status under review.

No hash is published. This build does not store those PDF bytes, so a checksum would be invented. Where a legacy path exists, it points at the Internet Archive copy of the old library.

Direct answer

dYdX v4 moves the perpetual order book onto its own chain, so matching is no longer a set of Ethereum transactions in a smart contract.

Where to read

Official source — dYdX v4 docs
Blockchain Lab study, the canonical readingOriginal commentary. Not a transcription of the paper.

Metadata and commentary only. The reading is the study page.

Full text

Full text is not published on this page. Public availability is not a licence to republish a document. Blockchain Lab has not recorded a licence that permits an HTML transcription, a training set, or a retrieval corpus of the paper. Text on this page is Blockchain Lab's own wording, or a pointer to a study that is also Blockchain Lab's wording.

What changed

A reading of the project's public design document. Not a copy, not a benchmark, and not an offer.

Relationships

Canonical readingdYdX v4 study
Related paperGMX
Related paperCosmos
Related paperEverlasting options

Cite this record

These citations point at the source document. They are not a licence to copy it.

Author–date

Trading, D. (2023). dYdX v4: an application-specific chain for perpetuals. dYdX Trading. https://docs.dydx.xyz/

BibTeX

@techreport{dydxv4chain2023,
  title = {dYdX v4: an application-specific chain for perpetuals},
  author = {dYdX Trading},
  year = {2023},
  institution = {dYdX Trading},
  url = {https://docs.dydx.xyz/},
  note = {Rights status: Official external source only. Blockchain Lab record: https://blockchainlab.com/research/corpus/papers/dydx-v4-chain}
}

RIS

TY  - RPRT
TI  - dYdX v4: an application-specific chain for perpetuals
AU  - dYdX Trading
PY  - 2023
PB  - dYdX Trading
UR  - https://docs.dydx.xyz/
N1  - Rights status: Official external source only
ER  -

CSL-JSON

[
  {
    "type": "report",
    "id": "BLC-STUDY-0603",
    "title": "dYdX v4: an application-specific chain for perpetuals",
    "author": [
      {
        "literal": "dYdX Trading"
      }
    ],
    "issued": {
      "date-parts": [
        [
          2023
        ]
      ]
    },
    "publisher": "dYdX Trading",
    "URL": "https://docs.dydx.xyz/",
    "note": "Rights status: Official external source only. Not a licence to republish the paper."
  }
]

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Rights record

Source status: Official source
Use status: Metadata and commentary only. The reading is the study page.
Rights: Official external source only
Training and retrieval: Not permitted from this site. There is no rights-cleared full text to retrieve or to train on.

Rights and licensing Corrections