GMX vs Uniswap

GMX3.2/5

VS

Uniswap4.1/5

Feature	GMXVisit	UniswapVisit
Ratings
Our score	3.2/5	4.1/5
User rating	No reviews yet	No reviews yet
Liquidity & pricing	4.0	4.5
Fees	3.0	3.5
Security	2.0	4.0
Ease of use	3.5	4.0
Chain coverage	4.0	4.5
Specs
KYC required	Not disclosed	No
Type	AMM, Perpetuals	AMM
Chains	Arbitrum, Avalanche, Solana, Other	Ethereum, Base, Arbitrum, BNB Chain, Other
Limit orders	Not disclosed	Yes
Cross-chain swaps	Not disclosed	Yes
Audited	Yes	Yes
Open source	Not disclosed	Yes
Governance token	GMX	UNI
Perpetual futures	Yes	No
Max leverage (x)	100	Not disclosed
Routes across other DEXs	Not disclosed	Yes
MEV protection	Not disclosed	Yes
Mobile app	Not disclosed	Yes
Points or rewards program	Yes	Not disclosed
Company
Founded	2021	2018
Headquarters	—	United States
Investors	Not disclosed	Polychain Capital, BlackRock, Andreessen Horowitz, Paradigm +8
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	Non-custodial wallet trading across 16+ EVM mainnets V3 offers four published pool fee tiers V4 supports programmable hooks and concentrated liquidity UniswapX can shift gas payment to fillers
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	Pool fees vary by market and network gas is separate Thin pools can produce high slippage and poor execution Liquidity providers face out-of-range and impermanent-loss risk V4 hooks and fillers add external smart-contract dependencies
Best for	On-chain perpetual traders, Multi-chain wallet users, Liquidity pool providers	On-chain token traders, Concentrated liquidity providers, Developers building EVM swaps

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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