gTrade
DEXOpen Interest
$1.97mKey Metrics
Volume (30d)$29.78m
7d$12.05m
24h$4.33m
All-time$100.44m
Turnover (30d)15.1x
Markets59
Reference Assets57
Asset Groups7
Share of DEX OI0.1%
Est. Fees (30d)$11,651
24h$1,709
All-time$39,853
Est. Annual$141,757
Markets
| Market | Open Interest | Volume | Price | Funding | Est. Fees | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Name | Asset Type | Access Model | Pair | Interval | ||||||||||||
| gtrade:natgas-usdNatural Gas | Commodity Perp | Permissionless | $1.2m | $1.25m | $1.25m | $1.25m | NATGAS-USDC | $3 | +1.41% | 0% | 0% | 8h | 150x | $627.39 | $627.39 | |
| gtrade:xau-usdGold | Commodity Perp | Permissionless | $287,880 | -45.84% | $2.94m | $9.5m | $15.46m | XAU-USDC | $4,059 | -0.69% | 0% | 0% | 8h | 250x | $1,031 | $5,411 |
| gtrade:spy-usdState Street SPDR S&P 500 ETF Trust | ETF Perp | Permissionless | $159,900 | +0.00% | $9,146 | $18,292 | $82,992 | SPY-USDC | $733.22 | 0% | 0% | 0% | 8h | 15x | $4.57 | $41.50 |
| gtrade:xag-usdSilver | Commodity Perp | Permissionless | $96,542 | -0.54% | $6,000 | $523,920 | $2.2m | XAG-USDC | $52.08 | +1.01% | 0% | 0% | 8h | 250x | $3 | $1,101 |
| gtrade:crcl-usdCircle Internet Group, Inc. | Stock Perp | Permissionless | $44,538 | +0.91% | $4,941 | $16,721 | $41,948 | CRCL-USDC | $69.43 | 0% | 0% | 0% | 8h | 4x | $1.48 | $12.58 |
| gtrade:qqq-usdInvesco QQQ Trust, Series 1 | ETF Perp | Permissionless | $36,221 | +0.01% | $28,836 | $142,056 | $1.8m | QQQ-USDC | $647.86 | 0% | 0% | 0% | 8h | 15x | $14.42 | $901 |
| gtrade:hg-usdCopper | Commodity Perp | Permissionless | $31,476 | +0.01% | $0 | $7,359 | $84,929 | HG-USDC | $6.28 | +0.81% | 0% | 0% | 8h | 250x | $0 | $42.46 |
| gtrade:nvda-usdNVIDIA Corporation | Stock Perp | Permissionless | $28,624 | +0.00% | $2,046 | $63,693 | $149,963 | NVDA-USDC | $181.92 | 0% | 0% | 0% | 8h | 4x | $0.82 | $59.99 |
| gtrade:wti-usdCrude Oil (WTI) | Commodity Perp | Permissionless | $24,669 | -26.09% | $18,526 | $212,900 | $7.37m | WTI-USDC | $89.76 | -0.70% | 0% | 0% | 8h | 150x | $7.41 | $2,950 |
| gtrade:mstr-usdStrategy Inc | Stock Perp | Permissionless | $23,828 | +0.01% | $6,599 | $36,793 | $58,374 | MSTR-USDC | $129.37 | 0% | 0% | 0% | 8h | 4x | $1.98 | $17.51 |
| gtrade:nke-usdNIKE, Inc. | Stock Perp | Permissionless | $7,200 | +0.03% | $0 | $0 | $0 | NKE-USDC | $39.56 | 0% | 0% | 0% | 8h | 50x | $0 | $0 |
| gtrade:xpt-usdPlatinum | Commodity Perp | Permissionless | $6,491 | -0.01% | $999.85 | $4,090 | $214,364 | XPT-USDC | $1,535 | +1.25% | 0% | 0% | 8h | 150x | $0.50 | $107.18 |
| gtrade:tsla_1-usdTesla, Inc. | Stock Perp | Permissionless | $2,826 | +0.00% | $399.93 | $1,200 | $1,409 | TSLA-USDC | $343.45 | 0% | 0% | 0% | 8h | 4x | $0.12 | $0.42 |
| gtrade:gme_1-usdGameStop Corp. | Stock Perp | Permissionless | $2,710 | +0.02% | $32.99 | $150.99 | $3,062 | GME-USDC | $24.16 | 0% | 0% | 0% | 8h | 4x | $0.0099 | $0.92 |
| gtrade:pypl-usdPayPal Holdings, Inc. | Stock Perp | Permissionless | $2,076 | +0.01% | $0 | $2,000 | $2,000 | PYPL-USDC | $58.95 | 0% | 0% | 0% | 8h | 4x | $0 | $0.80 |
| gtrade:mu-usdMicron Technology, Inc. | Stock Perp | Permissionless | $1,750 | +0.01% | $149.97 | $1,900 | $9,239 | MU-USDC | $657.83 | 0% | 0% | 0% | 8h | 4x | $0.045 | $2.77 |
| gtrade:dia-usdState Street SPDR Dow Jones Industrial Average ETF Trust | ETF Perp | Permissionless | $1,550 | +0.01% | $4,499 | $13,997 | $39,992 | DIA-USDC | $514.56 | 0% | 0% | 0% | 8h | 15x | $2.25 | $20 |
| gtrade:iwm-usdiShares Russell 2000 ETF | ETF Perp | Permissionless | $1,500 | +0.01% | $4,499 | $9,498 | $14,998 | IWM-USDC | $271.09 | 0% | 0% | 0% | 8h | 15x | $2.25 | $7.50 |
| gtrade:intc-usdIntel Corporation | Stock Perp | Permissionless | $1,500 | +0.01% | $0 | $1,500 | $1,500 | INTC-USDC | $52.21 | 0% | 0% | 0% | 8h | 4x | $0 | $0.60 |
| gtrade:xpd-usdPalladium | Commodity Perp | Permissionless | $1,468 | -0.01% | $0 | $0 | $1,044 | XPD-USDC | $1,021 | -1.15% | 0% | 0% | 8h | 150x | $0 | $0.52 |
| gtrade:meta-usdMeta Platforms, Inc. | Stock Perp | Permissionless | $1,400 | +0.01% | $1,900 | $7,300 | $488,030 | META-USDC | $605.46 | 0% | 0% | 0% | 8h | 4x | $0.76 | $195.21 |
| gtrade:spcx-usdSpace Exploration Technologies Corp. | Stock Perp | Permissionless | $999.79 | +0.01% | $0 | $628 | $24,280 | SPCX-USDC | $129.28 | +5.82% | 0% | 0% | 8h | 500x | $0 | $7.28 |
| gtrade:googl_1-usdAlphabet Inc. | Stock Perp | Permissionless | $807.40 | -0.01% | $241.01 | $532.01 | $1,996 | GOOGL-USDC | $282.68 | 0% | 0% | 0% | 8h | 4x | $0.12 | $1 |
About gTrade
gTrade is a decentralized leveraged-trading platform launched in 2021 by Gains Network, the multichain perpetuals project founded by pseudonymous developer Seb on Polygon and now deployed across Arbitrum, Polygon, and Base. It supports 130+ pairs spanning crypto, stocks, equity indices, commodities, and forex with multi-collateral margining (USDC, DAI, WETH) and integrates Chainlink CCIP & Data Streams alongside Pyth for cross-chain liquidity and pricing. The protocol is governed via the GNS token and is one of the longest-running on-chain perpetual venues for traditional-asset markets, with a track record of guaranteed order execution and one-click trading.
Entity
Legal entityGains Network
Primary chainArbitrum
Registry
Gains Network was founded in 2021 by pseudonymous founder Seb (full-stack developer), later joined by Nathan, Lunaman, Crumb, and additional contributors. The protocol is governed via the GNS token and the Gains Network DAO; gTrade is the protocol's flagship perpetual product and integrates Chainlink CCIP, Chainlink Data Streams, and Pyth for cross-chain liquidity and pricing.
Markets
Open Interest by asset group
Asset classes
Fees & revenue
Revenue modelSpread + Maker/Taker + GNS Burn
ConfidenceIssuer-Disclosed
Perp Funding Retention0%
Margin Settlement AssetsUSDC
Fees Last Verified2026-05-11
gTrade RWA fee model is spread-based, not maker/taker. Fixed 1 bp spread on major and minor forex pairs and on tier-1 commodities. Per-pair spreads on exotic FX and lower-tier commodities (vary by volatility). Stocks/equities use dynamic spread via price-impact formula. Spread never applies at closing - only at opening. Borrowing fees apply to open positions. Crypto markets (not on this RWA page) have 0% spread on BTC/ETH and dynamic spread on alts. Fee distribution: 22% governance (DAO), 15% LP vault, 54% GNS token burn, 5% referrals, 4% trigger keepers. Source: https://docs.gains.trade/gtrade-leveraged-trading/fees-and-spread