GMX vs Osmosis Labs

How GMX vs Osmosis Labs compare on our ratings, dex specs, funding, pros and cons.

GMX3.2/5
VS
Feature
Ratings
Our score3.2/54.0/5
User ratingNo reviews yetNo reviews yet
Liquidity & pricing4.03.0
Fees3.04.5
Security2.04.0
Ease of use3.54.5
Chain coverage4.04.0
Specs
KYC requiredNot disclosed No
TypeAMM, PerpetualsAMM, Order book
ChainsArbitrum, Avalanche, Solana, OtherOther
Swap feeNot disclosedVaries by pool
Limit ordersNot disclosed Yes
Cross-chain swapsNot disclosed Yes
Audited YesNot disclosed
Open sourceNot disclosed Yes
Governance tokenGMXOSMO
Perpetual futures YesNot disclosed
Max leverage (x)100Not disclosed
MEV protectionNot disclosed Yes
Points or rewards program Yes Yes
Company
Founded20212021
Headquarters—Singapore
InvestorsNot disclosedParadigm, Do Kwon, Ethereal Ventures, Figment +2
Strengths and weaknesses
Pros
  • 100+ markets include crypto, metals, energy and US equity indices
  • Supports trading across Arbitrum, Avalanche, MegaETH and Solana
  • Self-custody wallet trading avoids depositing funds with a centralized exchange
  • GM and GLV pools give liquidity providers trading, swap and borrowing fee exposure
  • No identity verification or KYC required for trading
  • Gas fees can be paid in over 160 different supported assets
  • Superfluid staking earns staking yields on active pool liquidity
  • On-chain ProtoRev module captures MEV directly for the protocol
Cons
  • Up to 100x leverage increases liquidation and loss risk
  • Liquidity providers act as counterparties to perpetual traders
  • V1 GLP pool lost approximately $42 million in the July 2025 exploit
  • April 2021 ABDK audit did not cover the exploited GLP mechanisms
  • IBC rate limiting can temporarily halt cross-chain transfers during sudden volume spikes
  • Exposure to counterparty bridge exploits on wrapped non-native assets
  • Total value locked stood at about $11.3 million in October 2026
Best forOn-chain perpetual traders, Multi-chain wallet users, Liquidity pool providersCosmos ecosystem token traders, Non-custodial cross-chain swappers, Concentrated liquidity yield providers

Highlighted cells show the stronger value in each row. Data comes from each provider's site and public sources; check details before you sign up.

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