GMX vs JUP

Split decision: GMX leads on Perp DEX token P/E ratio 2026 (8.65x vs 16.8x); JUP leads on Perp DEX price to fees ratio 2026 (2.89x vs 3.20x).

Read methodology Last measured Tue, 15 Sep 2026 21:40:47 UTCWindow: rolling 24h2 shared benchmarks

GMX

Perp DEX on Arbitrum and Avalanche. Pool-based execution against GLP and GM vaults, oracle-priced trades with no orderbook.

JUP

Solana swap aggregator. REST APIs for quotes, swap routing, price, and token lists across Solana DEXs.

Side by side measurements

Perp DEX token P/E ratio 2026: Hyperliquid, Lighter, GMX, dYdX, GNS live

Trading

GMX

Leads

8.65x

rank: #2
samples: 9provisional

JUP

Trails

16.8x

rank: #4
samples: 17provisional

P/E = fully diluted valuation (CoinGecko) divided by annualized protocol revenue (DeFiLlama dailyRevenue, 30-day trailing average x365). Protocol revenue = fees accruing to the treasury or token holders, not total user fees. Tokens without a CoinGecko listing show no P/E. FDV reflects total supply at current price, not circulating supply; tokens with large unvested allocations will show inflated FDV-based P/E. Updated hourly.

Perp DEX price to fees ratio 2026: Hyperliquid, Aster, Lighter, GMX, GNS live

Trading

Provider	P/F ratio	FDV / fees	P/S	Fees 30d	Revenue 30d	Float	Open interest	Fees / OI
GMX	3.20x	3.20x	8.65x	$1.90M	$701.7K	100.0%	$21.59M	1.069x
JUP	2.89x	5.97x	8.11x	$20.51M	$7.30M	48.4%	$33.49M	7.45x

P/F = circulating market cap (CoinGecko) / annualized fees (DeFiLlama dailyFees, trailing 30d x 365/30), on the DeFiLlama parent the token accrues from. Fees include the share paid to liquidity providers; P/S uses protocol revenue only. Low-float tokens show a much higher FDV/F than P/F. Pre-TGE venues are listed unranked with fees and OI, no ratio. A low multiple is not a recommendation.

Frequently asked questions

GMX vs JUP: which one is better?

GMX and JUP are compared on 2 shared OpenChainBench benchmarks. GMX leads on Perp DEX token P/E ratio 2026. JUP leads on Perp DEX price to fees ratio 2026. See the live table on this page for every metric.

Which is faster, GMX or JUP?

On the Perp DEX token P/E ratio 2026 benchmark, GMX leads at 8.65x (provisional) versus JUP at 16.8x (provisional). Live measurement is updated continuously by the OpenChainBench harness.

Which is faster, GMX or JUP?

On the Perp DEX price to fees ratio 2026 benchmark, JUP leads at 2.89x versus GMX at 3.20x. Live measurement is updated continuously by the OpenChainBench harness.

How is the GMX vs JUP 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.

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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.