What is GNS?

• Gains Network is a decentralized derivatives trading platform built first on the Polygon network and expanding to other decentralized networks.
• On gTrade, crypto derivative traders are allowed up to 150X leverage and up to 1000x for forex trades.
•  Leverage trading on Gains Network is powered by synthetic assets and a decentralized lending protocol and its leverage system saves users the loan fee paid on other leverage trading platforms.
• The GNS token is the native token of the Gains network and supports its financial system. It will be used for DAO Voting when GNS's decentralized government goes live.

What is GMX?

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.

• The number of GMX transactions is about 343K with about 64% and the number of Gains Network transactions with about 186K and about 36%

• The best wallet in terms of volume in Gains Network, address 0x94*****5bc1 is about 19 million

• The volume of GMX is about 1 billion and about 82% and the volume of Gains Network is about 242 million and about 18%

• The number of unique GMX wallets is about 43K with about 89% and the number of unique Gains Network wallets with about 5K and about 11%

• The highest volume was in the second week of September 2022 and was related to GMX with about 82 million

• In reviewing the graph of the growth of the number of wallets From the second week of June 2022, witnessing overtaking We are GMX wallets from Gains Network

• The most active wallet was in the fourth week of June 2022 and was related to GMX with about 16K active wallets.

• In examining the graph of the growth of the number of transactions Overtaking from the second week of July 2022 The number of transactions is GMX from Gains Network

• The highest average volume was in the second week of May 2022 and it was related to GMX with about 18K

• In examining the volumetric growth chart Overtaking from the third week of April 2022 GMX volume is from Gains Network

• The best wallet in terms of volume in GMX, address 0x57*****7169 is about 78 million

• The highest transaction was in the fourth week of June 2022 and was related to GMX with about 31K transactions

• The average volume of GMX is about 3K and about 72% and the average volume of Gains Network is about 1K and about 28%

Methodology

Gains Network vs GMX compared in the following→

1- The number of transactions

2- The number of unique wallets

3- Volume

4- Average volume

5- Top ten wallets

Findings and conclusion

• The number of GMX transactions is about 343K with about 64% and the number of Gains Network transactions with about 186K and about 36%
• The number of unique GMX wallets is about 43K with about 89% and the number of unique Gains Network wallets with about 5K and about 11%
• The volume of GMX is about 1 billion and about 82% and the volume of Gains Network is about 242 million and about 18%
• The average volume of GMX is about 3K and about 72% and the average volume of Gains Network is about 1K and about 28%

• The highest transaction was in the fourth week of June 2022 and was related to GMX with about 31K transactions
• In examining the graph of the growth of the number of transactions Overtaking from the second week of July 2022
• The number of transactions is GMX from Gains Network
• The most active wallet was in the fourth week of June 2022 and was related to GMX with about 16K active wallets.
• In reviewing the graph of the growth of the number of wallets From the second week of June 2022, witnessing overtaking We are GMX wallets from Gains Network
• The highest volume was in the second week of September 2022 and was related to GMX with about 82 million
• In examining the volumetric growth chart Overtaking from the third week of April 2022 GMX volume is from Gains Network
• The highest average volume was in the second week of May 2022 and it was related to GMX with about 18K

• The best wallet in terms of volume in GMX, address 0x57*****7169 is about 78 million
• The best wallet in terms of volume in Gains Network, address 0x94*****5bc1 is about 19 million

Conclusion→

It seems that GMX in Arbitrum is much stronger than Gains Network in Polygon, and according to this analysis, in all cases, even in the average volume, GMX is superior to Gains Network, and this is despite the fact that the start of GMX in Arbitrum is later than Gains Network. It has been in Polygon, so it can be expected that GNS will move towards Arbitrum.

The dashboard link has been tweeted