GMGN Enters Derivatives Market with Competitive Perpetual Contracts Beta

GMGN, the multi-chain trading terminal known for its features on Solana and Ethereum, has launched a public beta for perpetual contracts trading. The platform's co-founder Haze announced the rollout via Telegram groups, inviting users to stress-test the feature.

The initial offering is relatively focused, featuring the SOL/USDC trading pair through a standard interface with charts, order books, and positions management. GMGN is sourcing liquidity from third-party providers rather than bootstrapping its own pools.

GMGN's fee structure undercuts many established competitors, charging takers 0.045% per trade and makers 0.015%. This pricing strategy aims to attract volume rather than maximize per-trade revenue.