Try Quests to earn cryptoGains Network vs GMX
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What is Gains Network ?
Gains Network is a decentralized perpetual exchange on Polygon, with plans to expand and provide a suite of DeFi products. Their first product - gTrade, allows massive on-chain leverage, up to 50x for US stocks, 150x for cryptocurrencies, and 1000x for forex markets.
Various trading pairs have been listed on gTrade including 10 forex pairs (USD, EUR, JPY), 25 stocks (APPL, GME, TSLA) and over 48 cryptocurrencies (APE, BTC, ETH) that all share the same liquidity in GNS/DAI.
Gains Network uses a range of DeFi products to deliver a new form of trading. Through their integration of GNS into gTrade, they provide the option to leverage in ways that would not be possible with traditional brokerage platforms.
The biggest advantage to gTrade is the ability to open a 100x leveraged position while having a guaranteed stop-loss price feature as a protective mechanism during a downturn. By using a Chainlink node and taking the median price from seven major data sources, Gains Network also prevents manipulated scam wicks or false prices from impeding its daily trading.
If you’re looking for a new leverage platform that could potentially become the next big perpetual platform, Gains Network is a great choice for you.
What is GMX Exchange, the decentralized, open-ended exchange?
GMX is a decentralized, open-ended exchange that enables the trading of digital assets. It runs on the Ethereum blockchain and uses smart contracts to expedite transactions. Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple, and EOS are all currently supported by GMX for trading.
GMX offers several benefits, including the following:
Decentralized: GMX is a decentralized exchange that is not dependent on the whims of central authorities. This provides more security and stability for users.Perpetual: GMX is an open-ended exchange, which means that contracts have no expiration date. This allows users to trade digital assets around the clock.Smart contracts: GMX uses smart contracts to streamline transactions. This makes the exchange fast, effective, and secure.
How does GMX, decentralized open-ended exchange work?
GMX is a decentralized, open-ended exchange that offers traders a variety of benefits. In this blog, you will learn how to get started with GMX and take advantage of its many features.
First, you need to create an account on the GMX website, then you can log in and start trading. The web interface is used for everything, so you do not need to download any software.The second thing you need to do is set up your profile. This includes specifying your preferred currency, time zone, and risk tolerance. You can also provide additional details such as your phone number and email address.Once you have set up your profile, you can start searching the markets. GMX offers a wide range of needs, including forex, indices, commodities, and cryptocurrencies. You can see all the available markets on the left side of the screen.To start trading, click on the market you want to trade and place your order. You can choose to buy or sell, and you can also set your price. If your order matches that of another user, the trade will be executed and the corresponding funds will be transferred to your account.
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According to the analysis obtained in the charts above
1- The number of transactions made on GMX is 343,565, with a percentage of 64.8% of the total, and the number of transactions made on Gains network is 186,783, with 35.2% of the total.
2- The total number of active users in GMX is 43,178, with a percentage of 89.9% of the total, and the total number of active users in Gains network is 4,876, with 10.1% of the total.
3- The volume of transactions made on GMX is $1,197,029,991, with a percentage of 82.9% of the total, and the volume of transactions made on Gains network is $264,283,759, with 17.1% of the total.
instruction :
To solve the first question, two platforms, GMX and Gains network, in terms of the parameters of the number of transactions performed, the number of active users, the total volume of transactions performed, the lowest and the highest volume performed, the average volume performed on both platforms, etc. .. we have done an investigation In the second part of the analysis in the last 30 days over time by examining the parameters of the amount of fees for each user, the accumulation of fees made, the average fee made, the fee made, the fee made per transaction and cumulation moving average 7 on the platforms We have done Gains network and GMX
In the last part of the analysis, we have separated all the parameters performed in the second part of the analysis based on Russian coins and stable coins of the GMX platform.
In this part of the analysis, we have obtained the fee amount per person in the last 30 days According to the analysis, the lowest fee value on the Gains Network platform is approximately 0.032 and was recorded on October 8, 2022, and the lowest fee value on the Gains Network platform was approximately 0.79 and was recorded on November 4, 2022. The graph of the value of this network has grown relatively over time
The lowest value of fee on the GMX platform is approximately 0.12 and was recorded on October 30, 2022, and the lowest value of fee on the GMX platform was approximately 0.25 and was recorded on October 10, 2022.
In this part of the analysis, we compared the accumulated fees on the Gains network platform and GMX, which shows in the graph that the fees made on GMX had a steeper slope over time.
Conclusion :
The lowest value of fee on the GMX platform is approximately 0.12 and was recorded on October 30, 2022, and the lowest value of fee on the GMX platform was approximately 0.25 and was recorded on October 10, 2022.
The volume of transactions made on GMX is $1,197,029,991, with a percentage of 82.9% of the total, and the volume of transactions made on Gains network is $264,283,759, with 17.1% of the total.