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perp dexUpdated Feb 15, 2024

GMX vs Gains Network

Comparing perpetual DEXs with different liquidity models.

View GMX →View Gains Network →

Feature Comparison

FeatureGMXGains Network
Liquidity Model
GLP Pool
DAI VaultTie
Asset Coverage
Crypto
Crypto + ForexWinner
TVL
$500M+Winner
$50M+
Chains
Arbitrum, Avalanche
Arbitrum, PolygonTie

Overview

GMX and Gains Network are popular perpetual DEXs with different approaches to liquidity. GMX uses GLP pools while Gains uses a DAI vault model.

Head-to-Head Comparison

Liquidity Model

GMX: GLP pool (multi-asset) provides liquidity and earns fees. Gains: DAI/gDAI vault model with synthetic exposure.

Asset Coverage

  • GMX: Crypto perpetuals (BTC, ETH, etc.)
  • Gains: Crypto + forex + stocks

Revenue Share

GMX shares 70% with stakers/LPs; Gains shares with gDAI holders.

When to Choose Each

GMX: Want crypto perps, GLP yield Gains: Need forex/stocks, prefer DAI-based system

Compare perp DEX yields with Fensory.

Risk Analysis

GMX has GLP exposure risk; Gains has synthetic/oracle risk.

Verdict

GMX for crypto perps and larger liquidity; Gains for diverse asset classes.

Find the best opportunities on GMX and Gains Network.

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