VS
GMX vs Drift
A liquidity-pool perp DEX against Solana's leading order-book venue. A neutral comparison.
| Feature | GMX | Drift |
|---|---|---|
| Chain | Arbitrum / Avalanche | Solana |
| Trading model | Liquidity pool + oracle | Hybrid on-chain order book |
| 24h volume | $480M | $640M |
| Open interest | $310M | $240M |
| Taker fee (from) | ~0.06–0.07% | 0.05% |
| Markets | ~45 | ~55 |
| Token | GMX | DRIFT |
| Best for | LPs & swing traders | Solana traders |
| Non-custodial | Yes | Yes |
The short version
GMX uses a liquidity-pool model on Arbitrum and Avalanche where traders trade against a shared pool, while Drift runs a hybrid on-chain order book on Solana with advanced order types.
Drift leads on volume with order-book execution; GMX offers passive LP yield and a simple pool experience.
Which should you use?
Choose Drift for Solana order-book trading and more control. Choose GMX to provide liquidity passively or trade against a pool.
Verdict
Drift wins on volume and order-book execution; GMX wins on passive LP yield and simplicity.