What is Gains Network (gTrade)?
Gains Network runs gTrade, a decentralized leveraged trading protocol operating since 2021 with over $110 billion in lifetime volume, per its site. It lists about 170 markets across crypto, forex, stocks, indices and commodities, with leverage up to 1000x on forex.
Trades are priced from oracles rather than a central order book and backed by gToken vaults that underwrite trader profit and loss. Crypto goes up to 200x and 500x on degen pairs, forex up to 1000x, and stocks are capped low at around 4x.
The protocol is deployed on Arbitrum, Base, Polygon and MegaETH with collateral such as USDC, WETH, GNS, BtcUSD or USDm depending on chain, plus a separate Solana deployment. A Sepolia demo mode lets you practise with test funds.
Users can connect MetaMask or Rabby and sign each transaction, or log in with email or social for an instant wallet with one-click, gasless trading. A newer REST and WebSocket API supports scoped agent keys and a Hyperliquid-compatible facade.
There is no account or KYC, but US persons are barred by the terms, and stocks and indices are geo-blocked in some regions.
Good fit for
- Traders wanting forex or commodity leverage on-chain
- Developers building bots on a documented API
Not ideal for
- US-based users
- Beginners who need simple, flat pricing
Gains Network (gTrade) Atlas AI Score
8.1 / 10 Excellent
Confidence: High
Gains Network is one of the most complete on-chain leverage venues, especially for non-crypto assets. Learn its spread, impact and holding-fee rules before sizing up, and keep leverage modest.
Multi-asset markets, chains, API.
Low base fees, fully documented, but complex.
Self-custody on audited contracts; oracle model.
Live since 2021; US excluded.
Thorough, current docs.
Scored by AI from official sources on October 27, 2026. No hands-on testing or security audit. How we score
Gains Network (gTrade) features
- Markets
- About 170 across five asset classes
- Leverage
- Up to 200x crypto, 500x degen, 1000x forex
- Chains
- Arbitrum, Base, Polygon, MegaETH, Solana
- Collateral
- USDC, WETH, GNS, BtcUSD, USDm
- Login
- Own wallet or gasless instant wallet
- Orders
- Market, limit, stop, TP/SL
- API
- REST, WebSocket, TypeScript SDK
- Practice
- Demo trading on Sepolia
Gains Network (gTrade) fees
| Asset class | Open / close fee |
|---|---|
| BTC, ETH | 0.035% |
| Core crypto | 0.05% |
| Non-core crypto | 0.06% |
| Degen pairs (500x) | 0.02% |
| Forex major / minor | 0.012% / 0.016% |
| Stocks | 0.03%-0.05% |
| Indices | 0.05% |
Fees are charged on the leveraged position size at both open and close: 0.035% for BTC and ETH, 0.05% for core crypto, 0.06% for other crypto, 0.012% for major forex, 0.02% for 500x degen pairs, 0.03%-0.05% for stocks and 0.05% for indices.
On top come fixed spreads on some pairs, dynamic price impact, borrowing and funding fees while a trade is open, and a closing-fee decay rule for very short trades. Gains Credits can cut trading fees by up to 25%, and the instant wallet has gas paid by Gains.
Gains Network (gTrade) pros and cons
Pros
- Rare on-chain access to forex, stocks and commodities
- Detailed public fee and spread documentation
- Self-custody with optional gasless login
- Long operating history
Cons
- Fee model has many moving parts
- Oracle-based pricing differs from order-book exchanges
- Not available to US persons; some assets geo-blocked
- Very high leverage invites fast liquidations
Gains Network (gTrade) vs Deribit vs GMX
The closest alternatives in our catalog: same market first, then the highest-scoring products.
| Feature | Gains Network (gTrade) | Deribit | GMX |
|---|---|---|---|
| Type | On-chain leveraged trading protocol for crypto, forex, stocks, indices and commodities | Centralized crypto options and futures exchange, owned by Coinbase | Decentralized perpetual and spot exchange with pool-based liquidity |
| Platform | Web (gains.trade) · Arbitrum, Base, Polygon, MegaETH · Solana (sol.gains.trade) · REST/WebSocket API | Web, iOS, Android, REST/WebSocket/FIX API, testnet · BTC, ETH, SOL and more | Web (app.gmx.io) · Arbitrum, Avalanche, MegaETH, Solana · deposits from Ethereum, Base, BNB Chain · SDK and API |
| Trading fee | Open and close fees 0.012%-0.06% of position size by asset class, plus spread, price impact and holding fees | Options 0.03% of underlying (cap 12.5% of premium); perps/futures 0.015% maker, 0.035% taker | 0.04%-0.06% open/close on most markets; swaps 0.05%-0.07%; plus price impact, funding, borrowing and gas |
| Custody | Non-custodial; trade from your own wallet or an instant wallet created at login | Custodial exchange accounts with KYC; not available in the US and other restricted regions | Non-custodial; trades settle from your own wallet or GMX Account |
| Telegram | Not published | Not published | Not published |
| Atlas AI Score | 8.1 / 10 | 8.5 / 10 | 8.3 / 10 |
| Confidence | High | High | High |
Compare side by side: Gains Network (gTrade) vs Deribit vs GMX
How to get started with Gains Network (gTrade)
- Open gains.trade and log in with a wallet or the instant wallet.
- Pick a network and fund it with supported collateral.
- Try a demo trade on Sepolia first.
- Check fee, spread and price impact in the trade panel before opening.
