GMX and Paradex Compared: Decentralized Trading Platforms Weighed

The decentralized trading platforms GMX and Paradex have been compared in terms of their features and drawbacks. One key advantage of GMX is its use of a liquidity pool, which eliminates order-book slippage. Additionally, GMX offers oracle-based pricing and over 100 perpetual contracts with up to 100x leverage.

However, GMX has some disadvantages, including higher fees compared to competitors without order books, ongoing funding costs that can affect longer holding periods, and reliance on oracle pricing as a structural risk factor. Moreover, GMX lacks EU authorization.

On the other hand, Paradex offers fee-free trading for retail users across over 100 markets, with dedicated appchain execution and privacy perpetuals. However, Paradex has some limitations, including smaller market selection compared to competitors and no EU authorization.