Dai vs GMX — how do they compare? Dai trades at Rp17,251 (market cap Rp92,41T, Rp1,28T 24h volume), while GMX trades at Rp102,000 (market cap Rp1,06T, Rp44,65M 24h volume). The key difference: Dai is far larger — about 87.2× GMX's market cap, and GMX's supply is capped (10,4M / 13,3M GMX (79%)) while Dai's keeps growing. Which is the better fit depends on your goals — on Pluang, investors hold Dai for 29 Days and GMX for 45 Days on average.
| DAI | GMX | |
|---|---|---|
Market Cap | Rp92,41T | Rp1,06T |
Volume (24h) | Rp1,28T | Rp44,65M |
Circulating Supply | 5,4B DAI | 10,4M / 13,3M GMX (79%) |
Typical Hold Time | 29 Days | 45 Days |
DAI is an Ethereum-based stablecoin managed by the Maker Protocol and MakerDAO. Its value is soft-pegged to the U.S. dollar and backed by various cryptocurrencies stored in smart contract vaults. DAI provides a decentralized way to hold a stable digital asset, with options like Multi-Collateral DAI for flexible backing and the DAI Savings Rate for earning interest.
Read more on DAI →GMX is a decentralized exchange (DEX) for trading perpetual cryptocurrency futures with up to 50X leverage on popular cryptocurrencies like BTC, ETH and more. The platform launched in September 2021 as Gambit Exchange. To date, GMX has a total trading volume of over $130B and 283K total users, making it the leading derivatives DEX on Arbitrum and Avalanche.
Read more on GMX →