Gains Network Stats 2026 — Live Volume, Open Interest & Fees
Live Gains Network stats updated every minute: 24h volume, open interest, fees (0.080% maker / 0.080% taker), and up to 1000x leverage across 290+ pairs on multiple chains.
Rating
Trading Info
Fee Comparison
Advantages
- Widest asset coverage among perp DEXes with 290+ pairs across crypto, forex, commodities, stocks, and indices
- Extremely high leverage on forex (1000x) and crypto (150x) without borrowing
- Capital-efficient synthetic leverage model requires less liquidity than traditional approaches
- Battle-tested with 8+ CertiK audits and Halborn review, plus active Immunefi bug bounty
- Multi-chain presence on Arbitrum, Polygon, and Base gives traders deployment flexibility
Considerations
- Trading fees of 0.08% are higher than order book-based DEXs like Hyperliquid or dYdX
- Synthetic leverage model means counterparty risk falls on gToken vault LPs
- Liquidity depth on less popular pairs can be thin, leading to wider spreads
- Complex fee structure with opening fees, closing fees, borrowing/funding fees, and spread components
- Lower crypto trading volume compared to leading perp DEXs despite broad pair coverage
Gains Network Review 2026
What Gains Network is
Gains Network launched gTrade on Polygon in January 2022, then expanded to Arbitrum and Base. The protocol's main feature is asset breadth: over 290 markets spanning crypto, forex, commodities, stocks, and indices. No other perp DEX on PerpFinder comes close on that count. Extended covers around 50 markets, including some TradFi assets. gTrade covers 290+, with 1000x leverage on major forex pairs and 24/7 access to equity indices and commodities.
The core mechanic is synthetic leverage. Traders post USDC as collateral. The protocol tracks PnL against oracle prices. There is no borrowing from a lending pool. The custom Chainlink Oracle Network (DON) pushes real-time prices on-chain for all listed assets. gToken vault depositors act as the counterparty. They absorb trader profits and collect trader losses. The protocol does not need to hold the assets. The risk for vault LPs is one-sided: if traders win too often, LP returns drop.
Trading experience
The gTrade interface loads at gains.trade. PerpFinder tested it on Arbitrum in April 2026. A BTC/USD long opened in under 5 seconds at oracle price. There is no order book. The oracle sets the fill price. The experience is closer to a brokerage order than a DEX swap.
Asset breadth is the key advantage. In one account, a trader can hold a long EUR/USD position (1000x leverage), a gold long (250x), and a crypto perp at the same time — all from the same USDC deposit. No other perp DEX in this comparison supports that.
The v10 upgrade cut slippage by about 15% on large crypto trades. The 2026 roadmap includes more TradFi markets and real-world asset (RWA) listings.
Volume and market position
PerpFinder tracks gTrade through DefiLlama's Gains Network page. Arbitrum handles most volume. Polygon and Base together run well below Arbitrum. Among perp DEXes with multi-asset coverage, gTrade has no direct rival at the same scale.
The GNS buyback-and-burn ran for twelve months in a row in 2025, using over $10.8 million in protocol income to buy back GNS at about $1.58 average. As of early 2026, about 25.7% of the total supply has been burned. That is among the most active burn rates of any DeFi protocol running today.
Fees in detail
Crypto perp trades cost 8 bps (0.08%) to open and 8 bps to close. A $10,000 crypto position round-tripped at break-even costs $16 total. That is nearly double Hyperliquid at $9 and dYdX at $10. The premium reflects the oracle-based model and wide asset coverage, not waste.
Forex trades run cheaper. Major pairs carry a fixed 0.01% spread, which is $1 per $10,000 notional. That is in line with retail forex brokers. Commodity and stock index spreads fall between crypto and forex levels.
gTrade v10 (live August 4, 2025) replaced the old borrow fee model with a velocity-based funding fee on BTC, ETH, SOL, XRP, and BNB. The funding rate now adjusts based on long/short imbalance, not fixed use rates. On popular pairs with a heavy OI skew, funding can add real cost to a position held for days.
Fee split: 55% goes to GNS buyback and burn. The rest goes to vault LPs, governance, referrals, and trigger keepers. Referral partners earn 5% of referred fees at the Ally tier. At Ambassador tier, they earn up to 90%.
Check live gTrade funding rates for your target pair on our funding rates tracker.
Security and audits
gTrade has more than eight CertiK audits across protocol versions, plus a Halborn review and a live Immunefi bug bounty program. The CertiK audit count is the highest of any protocol on PerpFinder's list. GMX has three audits. Hyperliquid has two.
The gGNS vault, added ahead of the v10 upgrade, lets GNS holders use their tokens as trading collateral. That ties token use to protocol mechanics more closely than most governance tokens do.
No major exploit has been reported since the January 2022 launch across three chains.
Who Gains Network is for
Traders who want forex and commodity exposure without a traditional broker: the 1000x forex leverage and 24/7 index access are unique among decentralized venues.
Crypto perp traders who need the lowest fees: gTrade's 8 bps crypto fee is the highest of any platform here. Hyperliquid at 4.5 bps or dYdX at 5 bps cost less for pure crypto trading.
LP yield seekers: the gToken vault gives direct access to trader counterparty flow with clear on-chain data. The Immunefi bug bounty lowers smart contract risk for vault depositors.
Anyone running a multi-asset portfolio in one DeFi account: this is gTrade's strongest edge and one no other decentralized platform matches at this scale.
Information gain vs other sources
CoinGecko lists gTrade market data. CoinDesk covered the v10 upgrade. PerpFinder adds:
1. Fee cost comparison at equal notional: gTrade's 8 bps crypto fee vs 4.5 bps on Hyperliquid — a $70 difference on a $100,000 round-trip, visible on our cost comparison tool 2. GNS burn data: $10.8 million burned in 2025, 25.7% supply removed — more detail than any other review we found 3. Audit count: 8+ CertiK audits vs competitor audit histories, verified against published CertiK reports 4. Live gTrade funding rates across crypto and forex pairs on our funding rates tracker
Related Resources
PerpFinder Research
Editorial TeamEditorial team tracking 30+ perpetual futures venues with live on-chain and exchange data.
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Key Features
Audits
Frequently Asked Questions
What is the maximum leverage on Gains Network (gTrade)?▾
gTrade offers up to 150x leverage on crypto pairs, 1000x on forex, 250x on commodities, and 50x on stocks. The leverage is synthetic, meaning positions are not created by borrowing assets but are instead computed against oracle prices with gToken vault LPs acting as the counterparty.
What are gTrade trading fees?▾
gTrade charges 0.08% of the leveraged position size on crypto trades, applied at both open and close. Forex and commodity trades have tighter fixed spreads, typically 0.01% for major pairs. Additional costs include borrowing fees (or funding fees on v10 markets) that accrue over time based on position utilization.
How many trading pairs does gTrade support?▾
gTrade supports over 290 trading pairs spanning crypto, forex, commodities, stocks, and indices. This is one of the widest selections among decentralized perp platforms, with the forex and commodity coverage being a major differentiator from crypto-only competitors.
What chains does Gains Network operate on?▾
Gains Network is deployed on Arbitrum, Polygon, and Base. The Arbitrum deployment handles the majority of volume. The Base chain expansion launched in early 2026, with Polygon being the original deployment from the 2022 launch.
Has Gains Network been audited?▾
Gains Network has been audited by CertiK over eight times across different protocol versions, with Halborn providing additional security review. The protocol also runs an active bug bounty program through Immunefi for continuous vulnerability disclosure.
How does the GNS token burn mechanism work?▾
54% of all trading fees collected on gTrade go toward burning GNS tokens, permanently reducing the circulating supply. The remaining fees are distributed to governance (22%), vault LPs (15%), referrals (5%), and trigger keepers (4%). This burn-heavy distribution model is designed to create deflationary pressure on the GNS supply as trading volume grows.
How does the Gains Network referral program work?▾
The gTrade referral program has two tiers. Allies receive 10% of trading fee revenue generated by referred traders. Ambassadors can earn up to 90% of referral fees. Allies can also refer new Ambassadors, stacking their 10% rewards across multiple referral chains.
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