Gains Network vs GMX Comparison
| 0.08% opening / 0.08% closing | Fees | 0.04% maker / 0.06% taker (V2) |
Gains Network
vs
GMXWinner
Pros & Cons
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
Pros
- Trading against a liquidity pool — no order-book slippage
- Oracle-based pricing
- 100+ perpetual contracts at up to 100x leverage
- Live on several chains, centred on Arbitrum
- Long operating history in DeFi
Cons
- More expensive than fee-free order-book competitors
- Ongoing funding costs weigh on longer holding periods
- Dependence on oracle pricing as a structural risk factor
- No EU authorisation
Score Comparison
3.9Usability4.3
4.4Features4.0
3.9Fees3.8
4.0Stability4.4
3.4Support3.5
Features
- Widest market list in this comparison
- Forex and commodities tradable on-chain
- Several chains and collateral types
- Synthetic model without custody of underlying assets
- Pool-based model instead of an order book
- No conventional slippage
- Leverage up to 100x
- Established protocol on Arbitrum
Details
Gains NetworkGMX
| Gains Network | Company | GMX Protocol |
| Decentralised, no registered office | Headquarters | Decentralised, no registered office |