DYDX vs POL
dYdX and Polygon system Token scored on the same 25 variables, ranked against the same 251 tokens, with every gap between them shown.
Scoring pass 18 Sept 2026. Market snapshot 7 Oct 2026.
What separates them
DYDX scores 109 of 250 and ranks 97th of 251. POL scores 123 and ranks 56th. POL leads by 14 points, which is a real gap, though small enough that one variable moving would close much of it. DYDX takes 4 of the 25 variables, POL takes 15, and 6 are level.
The framework rates DYDX WATCH and POL CAUTIOUS HOLD. Two tokens close enough to compare do not have to land in the same band, and where they do not, the divergence table below is where the split comes from.
No single variable separates DYDX and POL by as much as 3 points. The lead is broad rather than concentrated: POL is ahead on 15 of 25 variables by one or two points each, which is what produces the composite gap without any one variable carrying it.
Both score 3 or below on Supply Inflation, Vesting Schedule. A weakness both sides share is not a reason to prefer either. It is a reason to check whether the category itself carries the problem.
DYDX still has 15.4% of its eventual supply to enter circulation against 0% for POL. On the same market capitalisation, a buyer of DYDX is taking the 1.18x dilution path and a buyer of POL the 1x one.
POL is valued at $1.08B against $113.2M for DYDX, a 9.6x difference. The larger of the two also scores higher, so the market and the framework agree on the ordering here.
All 25 variables, head to head
Both tokens were scored by the same framework in the same pass, so the numbers are directly comparable. What a comparison adds over two separate pages is the gap: a 6 against a 6 is a non-event, a 9 against a 3 is the reason to hold one and not the other.
Cash flow
| Protocol Revenue | 5 | 4 | DYDX +1 | |
| Revenue Trend | 4 | 4 | level | |
| P/S Multiple | 4 | 4 | level | |
| Real Staking Yield | 5 | 5 | level |
Supply
| Supply Inflation | 3 | 3 | level | |
| Vesting Schedule | 3 | 3 | level | |
| Circulating / FDV Ratio | 5 | 4 | DYDX +1 | |
| Buyback and Burn | 4 | 3 | DYDX +1 |
Ownership
| Smart Money Flows | 4 | 5 | POL +1 | |
| Insider Selling | 3 | 4 | POL +1 | |
| Holder Concentration | 4 | 5 | POL +1 |
Traction
| TVL Trend | 5 | 5 | level | |
| Active Users | 5 | 6 | POL +1 | |
| Developer Activity | 5 | 7 | POL +2 | |
| Network Growth | 4 | 6 | POL +2 |
Position
| Market Share | 4 | 5 | POL +1 | |
| Competitive Moat | 4 | 5 | POL +1 | |
| Institutional Adoption | 5 | 6 | POL +1 | |
| Exchange Depth | 6 | 7 | POL +1 | |
| Social Mindshare | 4 | 5 | POL +1 |
Risk
| Regulatory Safety | 5 | 7 | POL +2 | |
| Catalyst Calendar | 4 | 5 | POL +1 | |
| BTC Alpha Potential | 4 | 3 | DYDX +1 | |
| Team Execution | 5 | 6 | POL +1 | |
| Treasury Runway | 5 | 6 | POL +1 |
Bars read outward from the centre: DYDX to the left, POL to the right. The side that leads a variable is filled. Each score is 1 to 10 against the same definition applied to all 251 rated tokens.
Market and supply
| DYDX | POL | |
|---|---|---|
| Price | $0.1337 | $0.1020 |
| Market cap | $113.2M | $1.08B |
| Circulating | 84.6% | 100% |
| Dilution to full supply | 1.18x | 1x |
| Off all-time high | -97% | -92.1% |
| To recover the high | 33.3x | 12.7x |
| Total value locked | $380.0M | $650.0M |
| Network | Ethereum | Polygon |
Price, market cap and all-time high from the CoinGecko snapshot fetched 7 Oct 2026. Supply shares are derived from circulating and eventual supply counts, which do not move with price. The 25 scores come from the research pass dated 18 Sept 2026.
Catalyst and risk on each side
DYDX · WATCH
DYdX v4 fee distribution to stakers; multi-asset perp expansion; institutional market maker onboarding
99.5% below ATH; only 52% circulating with multi-year vesting ongoing; Hyperliquid and GMX eating market share; dYdX chain bootstrapping uncertain
POL · CAUTIOUS HOLD
AggLayer connecting all Polygon CDK chains into unified liquidity layer; ETH Foundation alignment
Only 38% circulating; MATIC migration not fully complete; AggLayer adoption slower than expected
Common questions
- Is DYDX or POL the better investment?
- On this framework POL scores higher: 123 against 109 of 250, and it is rated CAUTIOUS HOLD against WATCH. That is a ranking of fundamentals as recorded at the last scoring pass, not a price forecast, and DYDX still wins 4 of the 25 individual variables against POL.
- What is the biggest difference between DYDX and POL?
- Nothing separates them by more than 2 points on any of the 25 variables, which is unusual and means the two are close substitutes on fundamentals.
- Which is bigger, DYDX or POL?
- DYDX is valued at $113.2M and POL at $1.08B on the latest market snapshot.
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Research and analysis, not investment advice. A higher score is one framework applied consistently to 251 tokens, not a prediction that one asset will outperform the other.