At present, the pattern of decentralized derivatives exchanges has been determined.
The probability of latecomers overtaking on the curve is already slim.
We will compare the existing top decentralized derivatives exchanges in terms of data, empowerment, and other advantages and disadvantages.
To make the best choice.
1. Market share comparison: dydx 60%, GMX 25%, Gains Network (GNS) 5%, Cap 1.5%
2. Market capitalization: dydx $381 million, GMX $654 million, GNS $230 million, CAP $35.94 million
3. TVL comparison: dydx $340 million, GMX $610 million, GNS $53.92 million, CAP $856,000
4. Trading volume comparison: dydx$507.67B, GMX$122.15B, GNS$48.81B, CAP$9.17B
5. Revenue comparison (last 30 days): dydx $9.92 million, GMX $18.25 million, GNS $2.48 million, CAP $626,300
6. Profit distribution:
dydx has no empowerment, the profits belong to the project party, and the transaction reward is DYDX.
30% of GMX's earnings belong to GLP users, 70% to GMX holders, and part of the rewards are paid by GMX.
90% of GNS revenue belongs to LP users, 10% of revenue belongs to GNS holders, and there is no additional GNS reward.
20% of CAP profits go to LP, and 80% of profits go to CAP holders. There is no additional CAP reward.
7. 2023Q1 Finance: DYDX - USD 1.04 million, GMX USD 8.66 million, GNS USD 5.73 million, CAP USD 705,900.
end:
Since the first quarter, GMX and GNS have performed well.
In contrast, dydx's market share has basically reached its peak and has large fluctuations.
All the earnings from DYDX go into his own pocket, and all the rewards go to DYDX.
Although CAP has a good coin holding reward mechanism, its transaction depth is not high and the transaction volume is small.
The annualized returns of GMX and GNS are around 6~7%, and the annualized CAP is nearly 56%.
It is recommended to continue tracking CAP data.
It is difficult for DYDX to undergo fundamental changes in the short term.
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