$GNS hits the top of trending charts

Gains Network is a decentralized leveraged trading platform built on gTrade. It enables trading of cryptocurrencies, stocks, forex instruments, and indices using synthetic liquidity and high leverage – up to 1000x on forex and 150x on crypto.

Unlike traditional DEXs, gTrade doesn’t rely on liquidity pools. Instead, it operates on an oracle-based model. Asset prices are sourced from Chainlink and Pyth, and trades are executed through smart contracts using internal synthetic liquidity. This approach allows the platform to:

🔵 Reduce trading fees
🔵 Avoid dependence on actual liquidity in pools
🔵 Offer high capital efficiency

The platform is powered by two tokens:

🔵 An NFT token, which provides bonuses, reduced spreads, and is used for order management
🔵 The $GNS token, used for staking and receiving a share of protocol fees – this is the token of main interest

$GNS is a low-cap project, meaning it carries higher risk but also potentially higher returns. The $GNS staking pool holds $16.5 million in TVL: $11.8 million on Arbitrum, $3.5 million on Base, and $1.2 million on Polygon. The protocol also implements a buyback-and-burn mechanism – over 4.4 million $GNS have already been removed from circulation, creating deflationary pressure on the token.

At the time of writing, $GNS has a market cap of $51 million, with 100% of tokens already in circulation. This means there will be no future emissions that could dilute the price – a key advantage for long-term holders.

The $GNS smart contract has been audited by CertiK, which increases confidence in the protocol’s security. The token is traded on top Ethereum Layer 2 solutions.

Given the renewed interest in Ethereum and the growing trend toward onchain leveraged trading, $GNS stands out as one of the stronger candidates for growth in the next bull cycle.

At the time of publication, the price of $GNS is approximately $1.75, with a market cap of $51 million. For comparison, the market cap of the onchain trading sector leader, $HYPE, exceeds $12.5 billion – nearly 250 times larger.

But Gains Network has its own strengths:

🔵 Unlike Hyperliquid, which is focused exclusively on crypto derivatives, $GNS also covers stocks and forex, expanding its potential market
🔵 HYPE is the native token of the Hyperliquid Layer 1 blockchain, whereas $GNS operates across Ethereum Layer 2s

If Gains Network manages to capture even a small share of this market, a 5-10x growth potential appears realistic – especially in light of the broader interest in next-generation DeFi products.

What do you think – does $GNS have a shot in the next growth phase?

DYOR. This is not financial advice – just analytics and observations shared with the goal of identifying projects with high potential.