Gains Network vs Lighter Comparison
| 0.08% opening / 0.08% closing | Fees | Free for standard accounts; premium 0.004% / 0.028% |
Gains Network
vs
LighterWinner
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
- Fee-free trading for standard accounts
- Execution and liquidations verifiable via zero-knowledge proofs
- Anchored to Ethereum with an escape hatch if the sequencer misbehaves
- Order types including TWAP and conditional orders
- No KYC
Cons
- Pseudonymous team, no publicly stated place of business
- No EU authorisation
- Young platform — mainnet only since October 2025
- Support runs through community channels
Score Comparison
3.9Usability4.6
4.4Features4.6
3.9Fees5.0
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
- Fee-free trading for standard accounts
- Application-specific zk-rollup rather than a general-purpose chain
- Cryptographically verifiable matching
- Discount through LIT staking
Details
Gains NetworkLighter
| Gains Network | Company | Lighter Labs |
| Decentralised, no registered office | Headquarters | Unknown (Team Pseudonymous) |