GMX vs SONIC SVM — how do they compare? GMX trades at Rp119,487 (market cap Rp1,25T, Rp36,56M 24h volume), while SONIC SVM trades at Rp311.78 (market cap Rp230,82M, Rp14,53M 24h volume). The key difference: GMX is far larger — about 5415.5× SONIC SVM's market cap, and GMX's supply is capped (10,5M / 13,3M GMX (79%)) while SONIC SVM's keeps growing. Which is the better fit depends on your goals — on Pluang, investors hold GMX for 46 Days and SONIC SVM for 20 Days on average.
| GMX | SONIC | |
|---|---|---|
Market Cap | Rp1,25T | Rp230,82M |
Volume (24h) | Rp36,56M | Rp14,53M |
Circulating Supply | 10,5M / 13,3M GMX (79%) | 740,4M SONIC |
Typical Hold Time | 46 Days | 20 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 →Sonic is the first SVM-based network extension on Solana, built for games and applications. It powers a Web3 social app layer designed to onboard the next billion users. Sonic is built with HyperGrid, a framework for managing optimistic Solana rollups.
Read more on SONIC →