VS
dYdX vs Gains (gTrade)
A standalone order-book chain against a synthetic-market vault DEX. A neutral comparison.
| Feature | dYdX | Gains (gTrade) |
|---|---|---|
| Chain | dYdX Chain (Cosmos) | Arbitrum / Polygon |
| Trading model | On-chain CLOB | Synthetic DAI vault |
| 24h volume | $1.2B | $180M |
| Open interest | $420M | $85M |
| Taker fee (from) | 0.05% | ~0.06% |
| Markets | ~140 | 250+ |
| Token | DYDX | GNS |
| Best for | Order-book traders | Forex & exotic markets |
| Non-custodial | Yes | Yes |
The short version
dYdX offers an on-chain order book with deep crypto markets on its Cosmos chain, while Gains (gTrade) offers a huge range of synthetic markets — including forex and commodities — via its DAI vault.
dYdX leads on crypto volume and order-book execution; Gains leads on sheer market count and non-crypto exposure.
Which should you use?
Choose dYdX for order-book crypto trading. Choose Gains for forex, commodities and exotic synthetics.
Verdict
dYdX wins on crypto liquidity and execution; Gains wins on market breadth.