
GMTrade
GMTrade is one of the fastest-growing perpetuals DEXs on Solana, having processed over $33 billion in cumulative trading volume and reaching $131 million in open interest as of May 2026. It is a direct port of GMX V2 (the leading perpetuals protocol on Arbitrum) bringing the same pool-based liquidity architecture, GM tokens, and GLV vaults to Solana's high-speed, low-cost environment. Liquidity Land has agreed a partnership with GMTrade to direct $5M in institutional LP capital to its GLV vaults. Participating LPs earn native fee yield from the protocol (40–100%+ APY depending on pool, based on 90-day trailing averages) plus a 6% APY bonus in GT points, GMTrade's pre-TGE incentive token currently priced at $0.9476. GMTrade's USDC-backed Forex and Commodity GLV pools offer fee yields that are structurally driven by trading volume, and the segregated pool architecture limits cross-market risk. Read the Full Thesis Below