Side-by-side comparison of two perpetual futures exchanges — updated in real time.
dYdX and Gains Network are two veteran perp DEXes with different strengths: dYdX excels in crypto perp trading with its sovereign chain, while Gains Network offers unmatched multi-asset coverage.
dYdX runs a decentralized orderbook on its Cosmos L1 with 188 crypto markets, 25x leverage, maker rebates of 0.011%, and a 0.03% taker fee. Gains Network operates across Arbitrum, Polygon, and Base with 290 markets spanning crypto (150x leverage), forex (1000x), stocks, commodities, and indices, charging a flat 0.05% for both maker and taker. dYdX wins decisively on crypto trading costs — its taker fee is 40% lower and it pays maker rebates. Gains Network's advantage is asset diversity: it's one of the few places in DeFi to trade forex at 1000x leverage or stock perps. Both launched in 2021 and have proven track records. dYdX has evolved through multiple versions to its current sovereign chain, while Gains Network has steadily expanded across chains. The token economics differ: DYDX has 50% community allocation with ongoing rewards, while GNS was fair-launched with no VC funding and uses buyback-and-burn mechanics.
Choose dYdX for the lowest crypto perp fees with maker rebates and passive yield through MegaVault. Choose Gains Network for multi-asset trading (forex, stocks, commodities) with extreme leverage and a fair-launch, deflationary token.
