Kwenta Expands Perpetuals Marketplace on Arbitrum

Expanding the DeFi Ecosystem

Kwenta, a leading perpetual futures exchange on Optimism, is expanding its reach by integrating with GMX and Gains Network. These developments aim to enhance the decentralized finance (DeFi) derivatives ecosystem on Arbitrum. The integration follows a recent grant approval from the Arbitrum DAO, supporting Kwenta's expansion and liquidity connection across multiple chains.

GMX and Gains Network Integration

GMX and Gains Network have proposed integrating their liquidity with Kwenta's platform. This move is designed to improve the trading experience by providing access to more markets and liquidity. Kwenta's user experience-focused roadmap includes features like traditional web2 credential logins and gasless transactions.

GMX has introduced GMX v2, Arbitrum’s flagship perpetual futures AMM, featuring Chainlink Data Streams for high-performance applications. This version offers lower fees and a broader market selection, attracting onchain traders.

Gains Network offers the gTrade platform, providing nearly 200 trading pairs, including cryptocurrencies, forex, and commodities. It allows traders to leverage up to 150x, supported by a decentralized oracle network.

Enhancing the Arbitrum Ecosystem

The integration of GMX and Gains Network into Kwenta’s marketplace is expected to boost growth in the onchain perpetuals sector. It simplifies access to advanced DeFi products through Kwenta’s user-friendly interface. By consolidating popular derivatives venues on a single platform, it provides a seamless experience for new and seasoned traders alike.

Future Prospects

Kwenta is seeking community feedback on the proposed integrations as it moves to finalize its marketplace. These potential collaborations align with Kwenta’s mission to offer a superior decentralized trading experience. With these expansions, Kwenta aims to establish itself as a premier venue for DeFi derivatives trading on Arbitrum.

About Kwenta

Kwenta is an onchain derivatives marketplace operating on Optimism, Base, and Arbitrum. It provides tools for accessing deep liquidity and low fees while ensuring users maintain full custody of their funds. With over $50 billion in trading volume, Kwenta is dedicated to making DeFi accessible to all.