VS
GMX vs Jupiter Perps
Two pool-based perp models on different chains — GMX's GLP vaults against Solana's JLP pool. A neutral comparison.
| Feature | GMX | Jupiter Perps |
|---|---|---|
| Chain | Arbitrum / Avalanche | Solana |
| Trading model | Liquidity pool + oracle | JLP pool + oracle |
| 24h volume | $480M | $1.6B |
| Open interest | $310M | $650M |
| Taker fee (from) | ~0.06–0.07% | ~0.06% |
| Markets | ~45 | ~60 |
| Token | GMX | JUP |
| Best for | LPs & swing traders | Solana-native traders |
| Non-custodial | Yes | Yes |
The short version
GMX and Jupiter both use pool-based perps, but on different chains. GMX popularised the GLP-style pool on Arbitrum and Avalanche, while Jupiter's JLP pool is Solana's largest perp venue with deeper volume today.
Jupiter leads on volume and pool depth on majors; GMX offers a longer multi-chain track record and mature liquidity-provision tooling.
Which should you use?
Choose Jupiter if you trade on Solana and want the deepest pool liquidity on majors. Choose GMX if you're on Arbitrum or Avalanche, or want to provide liquidity through its established vaults.
Verdict
Jupiter wins on volume and Solana depth; GMX wins on multi-chain reach and LP maturity.