Solana Name Service vs GMX — how do they compare? Solana Name Service trades at Rp312.54 (market cap Rp308,3M, Rp85,87M 24h volume), while GMX trades at Rp119,459 (market cap Rp1,25T, Rp38,08M 24h volume). The key difference: GMX is far larger — about 4054.5× Solana Name Service's market cap, and GMX's supply is capped (10,5M / 13,3M GMX (79%)) while Solana Name Service's keeps growing. Which is the better fit depends on your goals — on Pluang, investors hold Solana Name Service for 34 Days and GMX for 46 Days on average.
| FIDA | GMX | |
|---|---|---|
Market Cap | Rp308,3M | Rp1,25T |
Volume (24h) | Rp85,87M | Rp38,08M |
Circulating Supply | 990,9M FIDA | 10,5M / 13,3M GMX (79%) |
Typical Hold Time | 34 Days | 46 Days |
Bonfida is known as a leading infrastructure developer on Solana. They have earned this reputation through their contributions to the ecosystem, providing services and products that support its growth. Some of their contributions include creating the Asset Agnostic Orderbook (AOB) as a new Serum Core engine, simplifying transactions with Solana Name Service, and introducing the first perpetual swap on Solana called Audaces. As a result, their developers are highly respected within the Solana ecosystem.
Read more on FIDA →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 →