Gains Network vs GMX: Perpetual DEX Comparison 2026
Two decentralized leverage trading platforms with different approaches. Gains Network uses a capital-efficient vault model, while GMX relies on its GLP multi-asset pool.
Architecture Comparison
Gains Network (gTrade):- gDAI vault backs trades
- Up to 150x leverage
- Supports crypto, forex, stocks
- Single-asset vault
- GLP multi-asset pool
- Up to 50x leverage
- Crypto only
- Index of BTC/ETH/stables
Trading Features
Gains Advantages:- Higher leverage (150x)
- More asset classes
- Synthetic stock trading
- Capital-efficient design
- Higher liquidity per trade
- More established
- Higher trading volume
Fee Comparison
Gains: 0.08% open/close, lower than GMX. GMX: 0.1% open/close, borrowing fee.Liquidity Provision
gDAI/gUSDC Vault: Single-asset, lower APY (5-15%), simpler. GLP: Multi-asset, higher APY (20-40%), more volatile.The Verdict
Choose Gains for: Higher leverage, more assets, lower fees. Choose GMX for: Larger positions, more liquidity, LP yields.. -
Monitor your leverage positions with Fensory.