dYdX vs Gains Network Comparison
| 0.05% taker / 0.01% maker | Fees | 0.08% opening / 0.08% closing |
dYdXWinner
vs
Gains Network
Pros & Cons
Pros
- Fully decentralised order book — matching runs through validators
- Purpose-built Cosmos chain rather than a rollup dependency
- Long operating history and mature market structure
- 200+ markets
- Low network fees
Cons
- Market share has fallen sharply as liquidity moved to newer venues
- Thinner books and higher slippage in secondary markets
- No EU authorisation
- Support runs through community channels
Pros
- More than 270 pairs across crypto, forex, commodities and equities
- Forex and commodity trading without a conventional brokerage account
- Collateral in DAI, USDC or WETH
- Available on several chains
- Capital-efficient synthetic model
Cons
- Leverage up to 500x on crypto and 1000x on forex — barely manageable for retail traders
- Synthetic model with oracle dependence as a structural risk factor
- The counterparty is the protocol's liquidity vault
- No EU authorisation
Score Comparison
4.2Usability3.9
4.2Features4.4
4.2Fees3.9
4.5Stability4.0
3.6Support3.4
Features
- Decentralised matching at validator level
- Purpose-built Cosmos chain
- Established name in derivatives
- 200+ perpetual markets
- Widest market list in this comparison
- Forex and commodities tradable on-chain
- Several chains and collateral types
- Synthetic model without custody of underlying assets
Details
dYdXGains Network
| dYdX Trading Inc. | Company | Gains Network |
| United States | Headquarters | Decentralised, no registered office |