GMTrade Stats 2026: Volume, OI & Fees
Live GMTrade stats updated every minute: 24h volume, open interest, fees (0.020% maker / 0.050% taker), and up to 100x leverage across 30+ pairs on .
Rating
Trading Info
Fee Comparison
Advantages
- 10% fee discount through referral delivers immediate and ongoing cost savings
- Full 100x leverage available across the platform
- 30 supported pairs covers all major crypto perpetual markets
- Fee discount applies continuously rather than expiring after a set period
Considerations
- No published security audits represents a material smart contract risk
- Launched June 2024 with limited operating history compared to established perp DEXes
- Chain information not publicly disclosed, limiting transparency on infrastructure choices
GMTrade Review 2026
What GMTrade is
GMTrade — previously GMXSOL — launched on Solana mainnet on March 12, 2025. The team rebranded to GMTrade on November 26, 2025, to split its identity from GMX on Arbitrum and Avalanche, which it originally forked. The two share the same code roots but run on different chains with separate pools and user bases.
The design uses isolated pools per market. Each market draws from its own pool. When one pool is under-used, it can tap shared GLV liquidity. That cuts the risk of a single shared pool while keeping depth strong. GMTrade covers 86 perp markets including crypto, indices, stocks, commodities, and forex. That is the widest asset scope of any Solana perp DEX.
Fees in detail
Base fees are 2 bps maker and 5 bps taker on crypto perps. The referral code pro gives a permanent 10% discount. That brings the effective taker cost to 4.5 bps. A $10,000 taker round-trip costs $9. That matches Hyperliquid at standard fees.
RWA markets (stocks, forex, indices) have different spread structures. Details are in the GMTrade docs. Borrow fees accrue hourly based on pool use. That adds to the cost of holding a position for multiple days.
Use our fee calculator to model live cost at your position size and hold duration.
Security and audits
GMTrade has not published a named third-party audit as of May 2026. The protocol shares roots with GMX, which was audited by ABDK, Sherlock, and Guardian Audits on Arbitrum and Avalanche. However, a Solana port needs a different audit method. Solana programs and EVM contracts are different environments. The GMX audits do not transfer to the Solana codebase.
The platform has run since March 2025 — about 14 months — without a reported exploit or fund loss. That is useful but not a substitute for a published audit.
No incident report or postmortem has been published.
Why GMTrade's EVM audits don't cover Solana
KuCoin's GMTrade insight and Phemex's news piece cover the Solana ranking without the rebrand context or GLV architecture. PerpFinder adds:
1. Live GMTrade 24h volume with 7-day delta on our perps page, sourced from DefiLlama 2. Fee cost comparison: 4.5 bps effective taker (with referral) vs Drift (3.5 bps), dYdX (5 bps), Hyperliquid (4.5 bps) at our cost comparison tool 3. Audit gap documented vs Solana rivals, including why the EVM audits do not transfer to the Solana deployment 4. Live funding rates for GMTrade's top crypto markets at our funding rates tracker
Volume and market position
PerpFinder tracks GMTrade through DefiLlama's GMTrade page. As of May 2026, 30-day volume is about $12 billion. TVL hit an all-time high above $23 million. Open interest peaked above $150 million. Weekly volume growth ran at +28% at our last data pull.
Among Solana perp DEXes, GMTrade sits third by open interest behind Drift and Zeta Markets. Its 86-market coverage sets it apart from both. No other Solana venue offers forex and equity index exposure alongside crypto perps.
Trading experience
The app is at gmtrade.xyz and supports Solana wallets including Phantom and Backpack. Onboarding is wallet-based with no account application step. Solana's fast execution delivers trade confirmation in one to two seconds on crypto pairs.
The GLV cross-pool layer is designed to reduce slippage on large orders: trades fill against the oracle entry price rather than walking an order book, so price impact is minimal up to the pool's capacity. GMTrade uses Chainlink price feeds for all markets. That is the same trust model as GMX and Gains Network, both of which have run on Chainlink feeds for years with no price attack.
RWA markets trade at oracle prices 24/7. An S&P 500 position held overnight pays borrow fees but fills at oracle mid-price with no spread. Leverage goes up to 100x on major crypto pairs. RWA limits vary by asset type.
Who GMTrade is for
Solana traders who want RWA exposure alongside crypto perps in one account: GMTrade's 86-pair scope is the broadest on Solana. Only Gains Network (290+ markets) beats it among the platforms tracked on PerpFinder.
Cost-sensitive traders: the 10% referral discount brings taker fees to 4.5 bps, matching Hyperliquid direct and beating dYdX (5 bps).
Traders who require a published audit: GMTrade does not yet qualify. Drift, dYdX, and Hyperliquid all have published multi-firm audits. GMX has three audits on its EVM deployment.
Traders diversifying away from Arbitrum: GMTrade on Solana gives real chain-level separation from the Arbitrum perp cluster.
Related Resources
PerpFinder Research
Editorial TeamEditorial team tracking 30+ perpetual futures venues with live on-chain and exchange data.
Affiliate Disclosure: This page contains affiliate links. We may earn a commission when you sign up through our links, at no extra cost to you. This does not influence our ratings or recommendations.
Risk Warning: Trading perpetual futures involves substantial risk of loss and is not suitable for all investors. Past performance does not guarantee future results. Only trade with funds you can afford to lose.
Key Features
Audits
Frequently Asked Questions
What is GMTrade's max leverage?▾
The maximum on GMTrade is 100x across all 30 trading pairs. This matches the leverage ceiling of top-tier perp DEX competitors and provides full capital efficiency for experienced traders.
What are the trading fees on GMTrade?▾
GMTrade charges a 2 bps (0.02%) maker fee and a 5 bps (0.05%) taker fee. Traders who join through a referral link receive an ongoing 10% fee discount, bringing the effective taker fee down to 4.5 bps.
How many pairs can you trade on GMTrade?▾
GMTrade's catalogue covers 30 perpetual markets, covering all major crypto perpetual pairs. This is among the broader pair offerings for a newer perp DEX and provides traders with access to a wide range of assets.
Has GMTrade been audited?▾
No third-party audit of GMTrade's contracts has been published as of its June 2024 launch. That unverified status is a material risk factor that traders should weigh against the fee savings from the referral program.
How does the GMTrade 10% fee discount referral work?▾
Traders who sign up through the referral link with code pro receive an ongoing 10% discount on all trading fees. The discount is applied at the protocol level on-chain and is not time-limited, meaning active traders benefit from the savings on every trade they make.
How competitive are GMTrade's fees overall?▾
At 2 bps maker and 5 bps taker, GMTrade's base fees are already competitive. With the 10% referral discount applied, effective costs drop to 1.8 bps maker and 4.5 bps taker, placing GMTrade among the more cost-effective options in the current perp DEX market.
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