Flaustrian75003

Tl,dr: 

• gTrade (on Gains Network) is a trading protocol on Arbitrum, Base, Solana and Polygon offering up to 1000x leverage across 290 assets in crypto (252), forex (17), stocks (14), and commodities (3), with a strong focus on short-term scalping.
• Operating a vault-based trading system where pooled liquidity backs all leveraged trades, since its launch in October 2021, Gains has generated $111bn in cumulative volume ($83bn since Hyperliquid’s mainnet launch in February 2023) and $67m in fees ($47m since Hyperliquid’s mainnet launch) proving a clear PMF and consistent staying power in face of competition (post Hype launch and post Aster/Lighter/Avantis points campaigns). 
• As of November 2nd 2025, Gains has $133m daily trade volume (30-Day moving average)and $42k daily fees (30-Day moving average) of which 55% are used for buybacks and burns (in addition to ~15% of total traders’ losses). 

In October 2024, I wrote about Pear Protocol and its ambition to make pair trading a core primitive in crypto. Since then, the team has made major progress from shipping a new execution engine powered by Hyperliquid, to raising a $4.1m round led by Castle Island Ventures (with Florin Digital participation), to rolling out new product lines designed to drive sustained volume growth. With these milestones in place, I wanted to revisit Pear and share an update on what’s changed over the last 12 months and what’s coming next.

TL;DR

Note: date of writing (October 17th, 2024) - since then price has increased substantially

With over 30,000 pair trades available at a single click, Pear Protocol brings narrative-driven trading to everyone, just like Robinhood did for stocks.

Crypto trading thrives on competing narratives. Nowhere is this more apparent than on Crypto Twitter, the battleground for attention and narrative formation. Think about how many times we’ve read about ETH vs. SOL, modular vs. monolithic, or even the meme-coin wars between dogcoins and catcoins.