GMGN Unveils Public Beta for Perpetual Contracts Trading

GMGN, a multi-chain trading terminal, has launched a public beta for its perpetual contracts trading product. The feature allows users to trade perpetual contracts on Solana and Ethereum with a focus on the SOL/USDC pair. GMGN is sourcing liquidity from third-party providers rather than bootstrapping its own pools.

The fee structure is designed to attract volume, with takers paying 0.045% per trade and makers paying 0.015%. This undercuts many established competitors, including Binance and Bybit. The platform also offers a yield component, where account balances will earn a 3.5% annualized return.

GMGN operates as a non-custodial trading terminal across more than 10 blockchains, offering features such as token discovery, rug/honeypot scans, and copy trading of labeled smart-money wallets. The public beta lacks comprehensive details on leverage ratios and collateral types.