Decentralized perpetuals exchange gTrade has rolled out its most significant protocol update of the year, unveiling version 10 (v10) with a suite of enhancements aimed at professional and high-frequency traders.
The v10 upgrade introduces several major improvements, most notably the replacement of gTrade’s borrowing fee model with a funding fee mechanism. This shift enables greater scalability and reduces the likelihood of users encountering open interest limits. As a result, the platform is now better equipped to serve a broader range of advanced traders, including swing traders, arbitrageurs, and market makers.
With this update, gTrade further positions itself as a comprehensive omnichain Perp DEX, offering synthetic exposure to a wide array of markets. These include over 240 cryptocurrencies, as well as traditional assets such as tech stocks, forex pairs, commodities, indices, and precious metals—making it one of the most extensive leveraged offerings in decentralized finance.
In addition to improved infrastructure, v10 enhances the trading experience for gTrade’s integration partners. Protocols such as Bifrost, Volmex Finance, and Symphony.io will now benefit from expanded open interest limits and funding fee mechanics—enabling more complex strategies like hedging, cross-market arbitrage, and capital-efficient trading solutions.
“gTrade v10 is an expansion of what’s always made the platform special,” said gTrade Founder Seb. “We’re taking the precision and transparency that scalpers loved and unlocking it for a broader class of traders, integrators, and funding fee farmers. It’s a very important step toward making gTrade the most efficient, accessible, and scalable Perp DEX in DeFi.”
To mark the launch of v10, gTrade will host a $200,000 trading competition in August. The event is designed to incentivize users to explore the platform’s new features while driving engagement and liquidity. The competition will be available across all networks where gTrade is deployed, including Arbitrum, Base, Solana, and Polygon.
The v10 release represents a strategic leap forward for gTrade. For the first time, traders can earn funding fees, take on recognized arbitrage roles within the system, and benefit from native price discovery—bringing the experience closer to centralized exchanges while retaining DeFi advantages.
Combined with a significantly enhanced user interface, these features are expected to increase trading volume and revenue, further reinforcing gTrade’s deflationary $GNS token model. To date, gTrade has facilitated over $100 billion in lifetime volume and generated $60 million in revenue, offering ultra-high leverage and zero-slippage execution on major pairs.
With v10, gTrade evolves into a more scalable and accessible futures exchange, catering to both individual traders and institutional-grade strategies.
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