Gains Network vs GMX
METHODOLOGY
GMX
- Source:
arbitrum.core.fact_event_logs
table (since 18 of April 2022) and for prices in USD -ethereum.core.fact_hourly_token_prices
table - GMX Contract Address:
0x3d6ba331e3d9702c5e8a8d254e5d8a285f223aba
,0xb87a436b93ffe9d75c5cfa7bacfff96430b09868
- GMX Token Address:
0xfc5a1a6eb076a2c7ad06ed22c90d7e710e35ad0a
- Tokens for traiding: USDC, USDT, WETH, WBTC, FRAI UNI , LINK , DAI
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GMX is a decentralized spot and perpetual exchange that supports low swap fees and zero price impact trades. Trading is supported by a unique multi-asset pool that earns liquidity providers fees from market making, swap fees, leverage trading (spreads, funding fees & liquidations) and asset rebalancing
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Gains Network (GNS) is a decentralized trading platform where the users can trade cryptos and forex with leverage. Leverage refers to utilizing borrowed capital to trade cryptocurrencies or other financial assets.
INTRODUCTION
On this dashboard we will analyse two platforms: GMX (native to Arbitrum) and GNS (native to polygon, but announced will be launching on Arbitrum soon). Both platform native tokens (GMX - GNS) have seen meteoric price growth during a bear market. Since June GNS has gone from $0.68 to $3.68 and GMX has gone from $13.70 to $41.56
Now we a going to observe Trading volume.
GNS
- Source:
polygon.core.fact_event_logs
table (since 14 of February) - GNS Contract Address =
0xd8d177efc926a18ee455da6f5f6a6cfcee5f8f58, 0x65187fec6ecc4774c1f632c7503466d5b4353db1,0xf8a140db8b05bec52c7e86d0d40d72f8e54fe559
- GNS Token Address:
0xe5417af564e4bfda1c483642db72007871397896
- Tokens for traiding: DAI
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