Drift vs GMX — how do they compare? Drift trades at Rp200.21 (market cap Rp122,5M, Rp32,02M 24h volume), while GMX trades at Rp119,309 (market cap Rp1,24T, Rp36,54M 24h volume). The key difference: GMX is far larger — about 10122.4× Drift's market cap, and GMX's supply is capped (10,5M / 13,3M GMX (79%)) while Drift's keeps growing. Which is the better fit depends on your goals — on Pluang, investors hold Drift for 13 Days and GMX for 46 Days on average.
| DRIFT | GMX | |
|---|---|---|
Market Cap | Rp122,5M | Rp1,24T |
Volume (24h) | Rp32,02M | Rp36,54M |
Circulating Supply | 611,5M DRIFT | 10,5M / 13,3M GMX (79%) |
Typical Hold Time | 13 Days | 46 Days |
What Pluang investors did over the last 30 days
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Drift is a fully on-chain decentralized exchange (DEX) for perpetual and spot trading, built on the Solana blockchain. The exchange provides traders with the opportunity to trade both pre-launch markets and launched tokens, offering leverage of up to 10x. In addition to stablecoins, traders can use a diverse range of assets as collateral, enhancing capital efficiency.
Read more on DRIFT →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 →