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AML check on dYdX Chain

dYdX Chain is a Cosmos-based blockchain built for a perpetual futures exchange; addresses start with dydx1 and trading collateral is USDC brought in from other chains.

Address formatStarts with dydx1 · Bech32; created from and linked to an Ethereum or Solana wallet, but a separate addressdydx1m9uf3g54ck6fgexg0sv7706vsr6gjj6unzf20qExample for illustration, not a real address.
Note

DYDX exists both as the older ethDYDX token on Ethereum and as the native token on dYdX Chain, and USDC on dYdX Chain currently comes from Noble, which Circle is phasing out. Check which token and which USDC version you hold before you deposit or withdraw.

Services that check dYdX Chain

01EllipticEnterprise platformPrice on requestSupportedNot scored
02TRM LabsEnterprise platformPrice on requestSupportedNot scored

How to check a dYdX Chain address

  1. Get the public addressAsk your counterparty for the address they will send from — or copy it from the incoming transaction.
  2. Pick a service that covers dYdX ChainChoose one marked “Supported” in the list above. Your dydx1... address is created from your Ethereum or Solana wallet but is a separate address, so double-check the address and network before sending funds from an exchange.
  3. Run the check and read itIf you hold Noble USDC, follow Circle's and dYdX's official channels on the migration; Circle says redemptions through Circle Mint end on 12 January 2027.
A real AML check needs only a public address. Never share a seed phrase or private key.

dYdX Chain specifics

  • dYdX Chain is its own blockchain built with the Cosmos SDK and CometBFT; each validator keeps an in-memory order book that is not part of consensus, and matched trades are written on-chain once at least two-thirds of validators approve the block.[1]
  • To trade, users deposit Noble USDC as collateral; deposits from other chains are routed through the Noble chain to dYdX Chain over IBC (Cosmos's standard for moving tokens between chains).[2]
  • Circle is ending USDC on Noble: new minting through Circle Mint stops on 13 October 2026, and redemptions through Circle Mint stay open until 12 January 2027, when the Noble USDC contract will be paused.[3]
  • Staked DYDX takes 30 days to unbond, the active validator set is capped at 60, and staking rewards come from trading and gas fees and are paid in USDC and DYDX; base trading fees in the lowest volume tier are 5.0 bps (0.05%) for takers and 1.0 bps for makers.[4]
  • Front ends run by dYdX Operations Services Ltd. (including dydx.trade) are not available in the United States, Canada, the United Kingdom or sanctioned countries such as Iran and North Korea; users who break these location rules can be put into close-only mode, which only allows cancelling orders, closing positions and withdrawing.[5]
  • dYdX's software terms bar people in comprehensively sanctioned territories (Iran, Cuba, North Korea, Crimea, Donetsk, Luhansk) and anyone on sanctions lists such as the US Treasury's OFAC list; they also bar US, Canadian and UK persons from the perpetuals trading software.[6]
  • Older ethDYDX tokens on Ethereum could be converted into native DYDX through a one-way bridge; in December 2024 a dYdX governance text proposal (#189) passed to stop supporting this bridge on the dYdX Chain side.[7]
  • In November 2023 a trader manipulated the YFI and SUSHI markets on the older dYdX v3 exchange (not dYdX Chain), draining more than $9 million from the insurance fund; dYdX says the attacker withdrew about $27 million after depositing about $16 million, and no user funds were compromised.[8]
  • On 10 October 2025 dYdX Chain halted for about 8 hours after an ordering error in liquidating an isolated market triggered a built-in failsafe; dYdX says funds stayed secure and the protocol was not insolvent.[9]

Common risks on dYdX Chain

DeFi protocolLowEstablished on-chain lending, swaps and liquidity pools.ScamHighMoney taken through fake investments, phishing, impersonation and similar deception.Stolen fundsHighCoins taken in hacks of exchanges, protocols or personal wallets.

FAQ

Is my dYdX Chain address the same as my Ethereum address?

No. dYdX's help center says a dydx1... address is generated when you connect an Ethereum or Solana wallet and is permanently linked to that wallet, but it is a separate address on a separate blockchain.

What happens to USDC on dYdX Chain now that Circle is ending Noble USDC?

Circle says new Noble USDC minting stops on 13 October 2026 and redemptions through Circle Mint end on 12 January 2027. When we checked on 4 October 2026, dYdX’s documentation still described Noble USDC as the collateral and gave no switchover date, so follow dYdX’s official announcements.

Can anyone use the dYdX trading website?

No. dYdX's help center says the front ends run by dYdX Operations Services Ltd. are not available in the US, Canada, the UK or sanctioned countries, and users who break these rules can be limited to closing positions and withdrawing.

How do I check a dYdX Chain address for AML risk?

Copy the public address, open one of the services listed above that supports dYdX Chain, and run the check. You never need a seed phrase or private key.

What does “Not verified” mean?

The service claims support somewhere — in marketing copy or a third-party page — but its own docs, pricing or FAQ do not list the network. Treat it as unknown.

Sources

  1. dYdX documentation — Architecture Overview. Checked 4 Oct 2026.
  2. dYdX documentation — Onboarding. Checked 4 Oct 2026.
  3. Circle — Circle is Discontinuing Support for USDC and CCTP V1 on Noble (10 Sept 2026). Checked 4 Oct 2026.
  4. dYdX documentation — Rewards, Fees and Parameters. Checked 4 Oct 2026.
  5. dYdX Help Center — Geo Restrictions & Site Access (23 Apr 2026). Checked 4 Oct 2026.
  6. dYdX Trading Inc. — dYdX Software Terms of Use (12 Mar 2026). Checked 4 Oct 2026.
  7. dYdX Community Forum — Cease support for the wethDYDX Smart Contract (i.e., the Bridge) on the dYdX Chain side (4 Nov 2024). Checked 4 Oct 2026.
  8. dYdX — Post Mortem on SUSHI and YFI Incident (3 Jan 2024). Checked 4 Oct 2026.
  9. dYdX — October 2025: dYdX Chain Incident Review & Community Update (16 Oct 2025). Checked 4 Oct 2026.