Perp DEX volume share, live 24h notional ranked
TradingGains
Trails$40.08M
- p99
- $46.36M
- rank
- #20
- samples
- 2,876
GRVT
Leads$490.37M
- p99
- $515.50M
- rank
- #10
- samples
- 2,858
24h perp volume
Gainsn/aGRVTn/a
Gains vs GRVT
Gains leads on 3 of 4 shared benchmarks, GRVT on 1. Gains wins on Most tradable markets on a perp DEX, live count per venue (372 vs 194), Perp DEX capital efficiency (22 vs 6), Perp DEX volume to open interest (0.971x vs 1.028x). GRVT wins on Perp DEX volume share, live 24h notional ranked ($490.37M vs $40.08M). Data as of 2026-09-23 UTC.
Gains
Perp DEX on Polygon, Arbitrum, Base and Solana. Pool-based execution against the gToken vaults, oracle-priced trades with synthetic leverage.
GRVT
zkSync hybrid CEX/DEX perp venue with privacy-preserving order matching.
Side by side measurements
Most tradable markets on a perp DEX, live count per venue
TradingGains
Leads372
- p99
- 372
- rank
- #2
- samples
- 2,876
GRVT
Trails194
- p99
- 194
- rank
- #6
- samples
- 2,876
Active markets
Gainsn/aGRVTn/a
Perp DEX capital efficiency: active markets per $M TVL, live
TradingGains
Leads22
- p99
- 22
- rank
- #1
- samples
- 2,876
GRVT
Trails6
- p99
- 6
- rank
- #4
- samples
- 2,876
Markets per $M TVL
Gainsn/aGRVTn/a
TVL from DefiLlama /protocol/{slug} currentChainTvls, excluding staking and pool2 categories. Market count from each venue's native API (same source as the perp-active-markets bench). The ratio reflects architectural choices, not absolute liquidity: a high ratio means the venue can list many markets cheaply, not that each market has deep liquidity. Compare with perp-volume-share for the liquidity angle.
Perp DEX volume to open interest: 24h turnover per dollar of OI, live
TradingGains
Leads0.971x
- p99
- 1.123x
- rank
- #6
- samples
- 2,876
GRVT
Trails1.028x
- p99
- 1.081x
- rank
- #7
- samples
- 2,858
Volume / OI (24h)
Gainsn/aGRVTn/a
The ratio is a screen, not a verdict. Both terms are the venue's own figures (24h volume and open interest as each API reports them, in USD), so a venue that counts both legs of a fill moves its ratio without changing anything real. A very low ratio (Ostium, 0.2x) means positions held for days on thin daily volume; a very high one (Kalshi, above 40x) means a day of trading dwarfs what stays open. The bands in the methodology say what each range usually means.
Frequently asked questions
Gains vs GRVT: which one is better?
Gains and GRVT are compared on 4 shared OpenChainBench benchmarks. Gains leads on Most tradable markets on a perp DEX, live count per venue. GRVT leads on Perp DEX volume share, live 24h notional ranked. See the live table on this page for every metric.
Which has the higher active markets, Gains or GRVT?
On the Most tradable markets on a perp DEX, live count per venue benchmark, Gains leads at 372 versus GRVT at 194. Live measurement is updated continuously by the OpenChainBench harness.
Which has the higher 24h perp volume, Gains or GRVT?
On the Perp DEX volume share, live 24h notional ranked benchmark, GRVT leads at $490.37M versus Gains at $40.08M. Live measurement is updated continuously by the OpenChainBench harness.
How is the Gains vs GRVT comparison measured?
Every benchmark on this page uses the same open methodology, published at https://openchainbench.com/methodology. Data is CC-BY-4.0. Measurement harnesses are MIT-licensed.
Related comparisons
How this pair was selected
Auto-generated pairs require: both providers in the same benchmark for seven consecutive days, at least 1000 samples per provider, observable third-party search demand, and a public /products/[slug] page on OCB. Editorially curated pairs (like this one) may publish early when search demand is high and data is accruing; panels with fewer than 100 samples are shown as provisional. The full pair ledger is versioned in the public repo.