Grand Cayman, Cayman Islands, July 9th, 2024, Chainwire
Exciting news for the derivatives ecosystem on Arbitrum as two top DeFi projects, GMX and Gains Network, announce plans to integrate their platforms into Kwenta’s upcoming perpetuals marketplace. Kwenta, the leading perpetual futures exchange on Optimism, is expanding its reach and connecting derivatives liquidity across multiple chains with the launch of the Base network. The recent approval of a grant from the Arbitrum DAO further supports Kwenta's expansion to the Arbitrum network.
Product Offerings from GMX and Gains Network
GMX and Gains Network are set to integrate their liquidity into Kwenta's platform, enhancing the trading experience for users. GMX v2, Arbitrum’s flagship perpetual futures AMM, has seen rapid growth in popularity with onchain traders due to its low fees and wide selection of markets. On the other hand, Gains Network’s gTrade platform offers up to 150x leverage on nearly 200 markets, making it an attractive option for traders.
Strengthening the Arbitrum Ecosystem
The integration of GMX and Gains Network into Kwenta’s perpetuals marketplace is expected to drive growth in the onchain perpetuals space and provide users with access to advanced DeFi products. This strategic expansion aims to simplify the onchain trading experience for both new and experienced traders, bringing popular derivatives trading venues under a single platform.
Looking Ahead
Kwenta is seeking community feedback on the proposed integrations as it works towards finalizing its perpetuals marketplace. With these developments, Kwenta aims to become a leading venue for DeFi derivatives trading on Arbitrum.
About Kwenta
Kwenta is an onchain derivatives marketplace on Optimism, Base, and Arbitrum, offering deep liquidity and low fees while ensuring users retain full custody of their funds. With over $50 billion in trading volume, Kwenta is dedicated to making DeFi accessible to everyone.
ContactMarketingDAO PMBurt RockKwentainfo@kwenta.io
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Analysis: GMX and Gains Network are set to revolutionize the derivatives ecosystem on Arbitrum by integrating their platforms into Kwenta's perpetuals marketplace. This move will provide users with access to advanced DeFi products, simplify the trading experience, and drive growth in the onchain perpetuals space. With Kwenta's commitment to making DeFi accessible to everyone, this development has the potential to impact the lives and finances of both new and experienced traders, offering new opportunities for investment and trading in the digital asset space.