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Lighter vs Gains Network

Side-by-side comparison of two perpetual futures exchanges — updated in real time.

Metric

Chain

Ethereum L2

Arbitrum, Polygon, Base

Type

Orderbook

AMM

24h Volume

$2.54B

—

Open Interest

$797M

—

Maker Fee

0.00%

0.050%

Taker Fee

0.00%

0.050%

Max Leverage

20×

1000×

Markets

153

290

Collateral

USDC

USDC, DAI

Funding Interval

1h

1h

Airdrop Status

$LIT

None

Lighter — Pros & Cons

Pros

Zero gas fees
Fully on-chain orderbook
Fast settlement

Cons

Fewer markets than competitors
Newer ecosystem
Limited collateral options

Gains Network — Pros & Cons

Pros

Widest asset coverage (290+ markets)
1000x leverage on forex
Battle-tested (4+ years, $130B+ volume)
No VC — fair launch, deflationary token

Cons

150x max leverage on crypto
Peer-to-pool model relies on vault solvency
Complex borrowing fee model

Trade on Lighter →Trade on Gains Network →

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