Arbitrum, a Layer 2 scaling solution for Ethereum (CRYPTO:
ETH), has almost $2 billion in total value locked up, making it the
fourth-largest decentralized finance ecosystem (TVL).
Although the ecosystem is now led by the decentralized
perpetual exchange GMX (CRYPTO: GMX), Gains Network has been drawing notice as
a rising star (CRYPTO: GNS).
According to a study by cryptocurrency research firm Delphi
Digital, Gains Network has been growing popularity with its gTrade perpetual
futures exchange, which provides leveraged trading on a variety of asset
classes.
Gains Network offers synthetic leverage trading with higher
capital efficiency, comparable to Synthetix, by incorporating ideas from the
MakerDAO model.
GNS can be staked by users to receive platform fees