Gains Network vs MetaMask Comparison
| 0.08% opening / 0.08% closing | Fees | Depends on integrated perp provider (avg 0.02–0.06%) |
Cost comparison
The basis is a Bitcoin purchase worth €1,000, including all fees and spreads.
| 0.08% opening / 0.08% closing | Fees | Depends on integrated perp provider (avg 0.02–0.06%) |
Pros & Cons
- 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
- 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
- Perpetual trading without leaving the MetaMask wallet
- Execution through the Hyperliquid order book
- Fee openly disclosed, no hidden spread
- One-click funding from various EVM chains
- Self-custody, no KYC
- 0.1% builder fee on top of the executing order book's own fee
- Trading directly on Hyperliquid is noticeably cheaper
- No EU authorisation
- Blocked in several countries including the US and the UK
Score Comparison
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
- Out of beta since April 2026
- One-click funding from any EVM chain
- Transparently disclosed additional fee
- Leverage up to 50x
The five areas head to head
AI AnalysisFees & Costs
Fees apply on opening and closing a position and run to a few tenths of a percent depending on asset class and pair, with holding costs on top. Network fees follow the chain in use and are low on Polygon, Arbitrum and Base. Exact rates vary by market and should be checked in the interface before trading. As of August 2026.
On top of the executing order book's fee — 0.015% maker and 0.045% taker at entry tier — sits a builder fee of 0.1% that MetaMask discloses openly. No additional swap markup applies on deposit. In total the wallet route is considerably more expensive than trading directly on the order book. As of August 2026.
Usability & User Experience
The interface is functional but busier than the pure crypto competitors given the market breadth. Anyone unfamiliar with synthetic trading should read up on oracle pricing and vault mechanics first. As of August 2026.
The main advantage is skipping account opening and bridge transfers: existing MetaMask users can start without registration. The perpetuals interface is deliberately leaner than a full futures terminal, which eases entry but limits advanced functionality. As of August 2026.
Features & Offering
gTrade tracks more than 270 pairs synthetically — cryptocurrencies alongside forex, commodities, equities and indices. Collateral can be posted in DAI, USDC or WETH. Leverage tiers reach 500x in crypto and 1000x in forex depending on asset class. The protocol runs on Polygon, Arbitrum and Base. As of August 2026.
Trading runs from the MetaMask interface and is executed through Hyperliquid. Positions can be funded in one click from various EVM chains. Alongside market, limit, stop-loss and take-profit orders, partial position closes are possible, and leverage reaches 50x. As of August 2026.
Details
| Gains Network | Company | Consensys + integrated partners |
| Decentralised, no registered office | Headquarters | United States |
Verdict
In our overall rating MetaMask leads with 4.7 against 3.6 for Gains Network.
For most investors MetaMask is therefore the better choice.
Gains Network runs gTrade, a platform that stands well apart from pure crypto perpetuals. Trading is synthetic: no underlying assets are custodied, only price differences are tracked. That allows a market breadth unmatched in this comparison — more than 270 pairs across crypto, forex, commodities and equities.
Leverage tiers are correspondingly extreme: up to 500x in crypto and up to 1000x in forex. Figures at that level are practically unmanageable for retail traders, with liquidation thresholds a fraction of a percent away. Collateral can be posted in DAI, USDC or WETH. The protocol runs on Polygon, Arbitrum and Base, with indices additionally on Solana.
The synthetic model carries a structural risk factor: prices come from oracle feeds and the counterparty is ultimately the protocol's liquidity vault. For users seeking forex or commodity leverage without a brokerage account, gTrade remains one of the few serious on-chain venues. The platform holds no EU authorisation; perpetuals sit outside MiCA in any case, and tax reporting rests entirely with the user.
MetaMask brought perpetual trading into its own wallet and took it out of beta in April 2026. Execution is not handled by MetaMask but by Hyperliquid in the background, so users trade on the largest perpetual order book without leaving the wallet and without a separate account.
Convenience carries a clearly stated price: MetaMask charges an openly disclosed builder fee of 0.1% on top of Hyperliquid's own fee, which starts at 0.015% maker and 0.045% taker. Trading directly on Hyperliquid is therefore markedly cheaper — what you give up is one-click access from inside the wallet.
Access is blocked in the US, the UK, Ontario and Belgium. The platform holds no EU authorisation; perpetuals sit outside MiCA in any case, and tax reporting rests entirely with the user. The route makes sense for users already working inside MetaMask who value convenience over the last few basis points.