GMX vs Suilend — how do they compare? GMX trades at Rp119,287 (market cap Rp1,25T, Rp36,56M 24h volume), while Suilend trades at Rp882.28 (market cap Rp65,02M, Rp1,62M 24h volume). The key difference: GMX is far larger — about 19224.9× Suilend's market cap, and GMX's circulating supply is 10,5M / 13,3M GMX (79%) versus 70,6M / 100M SEND (71%) for Suilend. Which is the better fit depends on your goals — on Pluang, investors hold GMX for 46 Days and Suilend for 14 Days on average.
| GMX | SEND | |
|---|---|---|
Market Cap | Rp1,25T | Rp65,02M |
Volume (24h) | Rp36,56M | Rp1,62M |
Circulating Supply | 10,5M / 13,3M GMX (79%) | 70,6M / 100M SEND (71%) |
Typical Hold Time | 46 Days | 14 Days |
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 →Suilend has quickly become a key DeFi platform on Sui since its launch in March. It is now expanding into the Sui DeFi Suite with lending, LSTs, swaps, and AMMs to create a full DeFi superapp.
Read more on SEND →