Category: Companies & Projects

GMX – DEX Review

Score: 61/100. Pioneered oracle-priced perps, now honestly overtaken: Hyperliquid does ~88x GMX’s 30-day volume.

Score: 75/100. No major hack since 2020 across $2.5T+ volume, tempered by real CAKE concentration and an anonymous team.

Score: 66/100. Validator-distributed order matching is genuinely distinctive, but fees trail Hyperliquid and two incidents are on record.

Score: 64/100. The ve(3,3) pioneer, carrying three incidents and real governance concentration via Convex’s veCRV holdings.

Score: 65/100. Base’s dominant DEX, with the widest TVL discrepancy in this series and no timelock on contract upgrades.

Score: 74/100. Zero-fee, ZK-verified perps with 100+ markets, undercut by a real gap between $1.6T volume and $487M TVL.

Score: 72/100. ZK-private perp positions are genuinely unique, sitting on real, unresolved discrepancies in market count and leverage.

Score: 77/100. The series’ top score: massive scale, 9 V4 audits, and a clean record, undercut only by ongoing MEV sandwich attacks.

Score: 68/100. Solana’s liquidity leader, carrying two confirmed incidents and a real, wide gap in third-party security ratings.