Arbitrum is one of Ethereum's most promising layer 2 solutions. It is a protocol that uses optimistic rollup technology to perform complex operations allowing the Ethereum network to be more scalable and efficient.

Arbitrum are growing fast and we have explored in previous analysis how the ecosystem is integrating different dapps and projects and increasing in terms of usage and activity. One of the most recent integrations has been Gains Network which seems that has generated a huge impact on the network and is now the main competitor of the well-known GMX.

On the one hand, Gains Network is a liquidity-efficient, powerful, and user-friendly decentralized leveraged trading platform, providing a synthetic architecture through its main product gTrade to work with more capital efficient than any existing platform. The main features of the platform are its low trading fees, and a wide range of leverages and pairs: up to 150x on cryptos, 1000x on forex, 100x on stocks, and 35x on indices 1.

On the other hand, GMX is a perpetual, decentralized exchange project, and then successfully developed within the Arbitrum platform, completely changing operations on Arbitrum . One of the first perpetual contract exchanges on Arbitrum, GMX gained many users and then continued to expand to Avalanche. It provides traders with a complete set of tools for spot and long/short trading, with a strong focus on cost savings, no arbitrage, no financing fee and minimal settlement possibility 2.